Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market dropped a bit during the trading session on Tuesday, as the $41 level has offered a bit of resistance, and the 20 day EMA underneath continues to offer support.

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West Texas Intermediate Crude Oil has enjoyed a solid stretch of trading and has stopped turning the hair of traders prematurely grey.

USD/ZAR: Big Gains Raise Questions for South African Rand

USD/INR: Support Levels Targets In Sights For Indian Rupee

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AUD/USD: AUD no longer leading the Forex market

Complementing the bullish path, the EUR/USD pair started this week’s trading by testing higher highs, and then pushed to the 1.1781 resistance,

Non-stop gains distinguishes the gold performance in the last period on Tuesday morning, the price of an ounce of gold reached $1981

The USD collapsing did not end, which surprised Forex traders, especially with the COVID-19 continuing to cause catastrophic human and economic losses

For the seventh consecutive day, the GBP/USD pair continues to achieve cautious gains, which pushed it towards the 1.2902 resistance

The USD/ZAR is trading on top of vital support junctures this morning. The 16.40000 level may prove crucial and if it is broken speculators will have to look at technical charts from March.

USD/JPY: Yet 105.00 may be area of strong support

The past five days of trading for the USD/MXN have delivered choppy waters for speculators, but its bearish trend remains intact