Forex Daily Forecast, Analysis and Prediction

The British Pound continues to find quite a bit of support near the 1.25 level, which could probably be thought of as a massive support level.

The US Dollar again seems to be running out of strength after getting a boost from Trump’s tariff announcement. Direction here looks difficult to predict.

Bitcoin has initially dipped a bid during the early hours on Tuesday but has seen buyers jump in to pick it back up.

The EUR/USD exchange rate remained under pressure as traders reflected on the ongoing risks of a trade war between the US and other partners.

The GBP/USD exchange rate continued its downtrend after hawkish Federal Reserve minutes and statement from Austan Goolsbee.

Bitcoin price continued its downtrend as the recent rally took a breather. After peaking at 99,767 last week.

In my daily analysis of the USD/JPY pair, the first thing that jumps out is that we continue to drift a bit lower.

During my daily analysis of exotic currency pairs, the USD/MXN pair has caught my attention, as we continue to threaten the crucial 20.70 MXN level.

During my daily analysis of Ethereum, I’ve noticed that the $3400 level continues to be a major anchor for price.

During my daily analysis of the gold market, the first thing that I notice is that we are sitting just below the 50 Day EMA.

During my daily analysis of the AUD/USD pair, I notice that this market is likely to continue to drop.

For the second day in a row, gold prices are subject to selling operations, stabilizing around $2,604 per ounce at the time of writing the analysis.

The EUR/USD currency pair's attempt to recover at the end of last week with gains to the 1.0530 level quickly evaporated and returned downward this week.

During the Monday session, we saw the US dollar initially fall, only to turn around and show signs of life and break to the upside. e

The British Pound has pulled back just a bit during the early hours on Monday as we continue to see a lot of noisy behavior.