Forex Daily Forecast, Analysis and Prediction

Natural gas markets have rallied significantly during the trading session on Tuesday, reaching towards the $2.68 level late in the day.

Bitcoin had exploded to the upside during the weekend trading as the Chinese President suggested that China was looking forward to exploring the block chain and touted the benefits of all things related to block chain.

The West Texas Intermediate Crude Oil market has initially fallen during the trading session as we dipped towards the $55 level and even below it initially but bounced enough to form a hammer.

Gold markets have fallen a bit during the trading session on Tuesday but have also bounced from the lows to turn around and show signs of resiliency.

Volatility remains elevated after last week’s Bitcoin induced bullish move, but price action across the sector has fizzled out and most cryptocurrencies are under selling pressure.

Turkey’s military operation into northern Syria, intended to create a 30 kilometer safe zone for refugees to return and to crack-down on US-allied YPG fighters

After the EUR/JPY reached its resistance zone, the upside momentum started to cripple and a sideways trend emerged which remained centered at the bottom range of this zone.

As the US and China continue to negotiate the details of their trade truce, traders were reminded that not all is as great as it appears.

Bitcoin: Bullish breakout still holding above long-term trend line

USDCAD: Bullish reversal possible from 1.3045

USDCHF Analysis: Weakly bearish below 0.9945

GBPUSD: Range from 1.2767 to 1.3000 likely to hold

EURUSD: Weakly bullish above 1.1121

With the start of this week’s trading, and after a bearish correction in the last trading sessions of the EUR/USD, the pair tried to compensate for losses, which pushed it to the 1.1072 support, rebounding towards the 1.1106 resistance.

The European Union has been given a three-month deadline as a new date for Brexit, until Jan. 31, instead of the earlier date of Oct. 31.