Forex Daily Forecast, Analysis and Prediction

Bitcoin: $10,000 the pivotal point.

USDCAD: Price falls bearishly back into range

USDCHF Analysis: Support below 0.9900 still holding up

GBPUSD: Very bearish new 2-year low

EURUSD: Consolidation above 1.1100

The S&P 500 is ready to rocket higher after the Federal Reserve has its interest rate announcement.

The WTI Crude Oil market has rallied significantly late in the day on Tuesday, breaking above the psychologically important $57.50 level, as well as the 50 day EMA.

Natural gas markets have been trying to rally a bit during the trading session on Tuesday, but it’s only a matter time before the overall trend continues.

The US dollar has been grinding back and forth against the Mexican peso over the last several weeks, and as you can see the 19 pesos level has been a bit of a magnet for the USD/MXN pair.

Looking at the EUR/USD pair, it’s very likely that we will see a lot of action during the trading session on Wednesday, as the statement and rate decision will move these markets quite drastically as it will move the US dollar in general.

The British pound has been very bearish as of late, breaking apart on Monday, and then continuing some of the bearish behavior on Tuesday.

The US dollar/Japanese yen pair is extraordinarily sensitive to the Federal Reserve and of course interest rate announcement, just as any other major pair will be that features the US dollar, but in this case it has a bit of an inverse relationship at times.

The Australian dollar continued to fall over the next couple of hours, as we reached towards the 0.6850 level below, an area that has offered support more than once.

The NASDAQ 100 is going to be like any other stock index in the United States, simply waiting around for the Federal Reserve interest rate cut and of course the accompanying statement.

Gold markets gapped a bit higher to kick off the trading session on Tuesday, as we await the Federal Reserve interest rate decision.