Forex Daily Forecast, Analysis and Prediction

The USD/BRL continues to march to its own drumbeat in many regards, and the strong bearish trend remains a feature in the Forex pair.

After attaining a high of nearly 20.75000 on the 18th of June, the USD/MXN has begun to see selling demonstrated.

The USD/INR continues to incrementally increase in value and important resistance is certainly the next target for bullish speculators.

The USD/SGD is clearly within sight of mid-term resistance levels and speculators are being confronted by an intriguing trading decision.

The DAX fell down to the 15,500 level before turning around and showing signs of life to form a bit of a hammer for the trading session.

The S&P 500 gapped higher to kick off the trading session on Tuesday, but then turned around to fill that gap only to start rallying again.

The West Texas Intermediate Crude Oil market did very little during the trading session on Tuesday, as the market is seemingly okay with the idea of the massive gains that had been part of the situation on Monday.

The NASDAQ 100 continues to show signs of strength as we have broken to all-time highs yet again.

We have not reached the all-time highs again, but we almost certainly will over the next several days.

Bitcoin bounces from multi-month low to rise by more than 15%.

Nearest support and resistance levels look firm.

At least we have stopped falling, which is the first step to some type of recovery.

The US dollar rallied a bit during the trading session on Tuesday as we continue to test the ₹74.50 level.

Bitcoin fell rather hard during the trading session on Tuesday, breaking down below the $30,000 level.

The euro has initially fallen a bit during the trading session on Tuesday, but then turned around to show signs of strength as Jerome Powell testified in front of Congress.