Forex Daily Forecast, Analysis and Prediction

The S&P 500 rallied again during the trading session on Tuesday as it looks like we are trying to break above the recent highs of 3850.

The NASDAQ 100 rallied a bit during the trading session on Tuesday to reach towards the 13,500 level again.

The British pound remains a relatively strong currency.

The DAX rallied again during the trading session on Tuesday to reach towards the 13,850 level.

The gold market got absolutely hammered during the trading session on Tuesday following the “short squeeze” in silver that retail traders attempted to cause in the markets.

The Australian dollar initially tried to rally during the trading session on Tuesday, but after the Reserve Bank of Australia gave its interest rate decision and statement, it looks as if the RBA is slightly more dovish than people had anticipated.

The Bitcoin markets rallied a bit during the trading session on Tuesday, as we have broken above the $35,000 level yet again.

The FTSE 100 gapped higher to kick off the trading session on Tuesday, slamming into the 50-day EMA.

The EUR/USD declined sharply yesterday after the relatively weak EU GDP data and the overall US dollar strength.

The AUD/USD has bounced back from yesterday’s low of 0.7560 to 0.7615 after the relatively strong Australian economic data.

The Dow Jones 30 is expected to open positively via US futures markets results this morning.

On Friday of last week, the USD/MXN demonstrated its ability to climb higher and hit the 20.60000 mark.

The USD/ZAR has delivered a challenging trading environment the past month as choppy conditions and tests of resistance have been on display.

Technical traders need be ready to change their perspectives often when trading; they must be able to react to evolving circumstances.

Despite the strength of the US dollar, the price of gold is trying to stabilize above the $1872 resistance level.