Forex Daily Forecast, Analysis and Prediction

Gold prices fell to $1450, the lowest level in two weeks during Tuesday's trading session and then rebounded to $1460 at the time of writing.

A limited range move has been the hallmark of the GBP/USD pair since the beginning of this week between 1.2835 support and 1.2910 resistance, and the pair is stable around 1.2850 at the time of writing.

After the recent correction failed to push the USD/JPY pair to break below the 108.00 support.

AUDUSD: Dominant bearish trend line broken bullishly

USDJPY: More bullish above 109.20

Bitcoin: Bears back in full control

The S&P 500 initially tried to rally during the trading session on Tuesday, breaking above the top of the channel that we have clearly been in for some time

The NASDAQ 100 has rallied a bit during the trading session on Tuesday, piercing the top of the overall uptrend and channel.

The British pound has fallen a bit during the trading session on Tuesday, reaching down towards the 1.28 level underneath

The US dollar rallied a bit during the trading session on Tuesday, reaching towards the crucial ¥109.50 level again before pulling back

The Euro bounced slightly during the trading session on Tuesday, showing the 1.10 level to be supportive.

The Australian dollar went back and forth during the trading session on Tuesday, showing that we still essentially have nowhere to be due to the Australian dollar being held hostage

The West Texas Intermediate Crude Oil market rallied initially during the trading session on Tuesday but gave back some of the gains to form a less than impressive candlestick.

Natural gas markets have broken down a bit during the trading session on Tuesday, slicing through significant support and finally showing a little bit of conviction

Bitcoin has been getting battered over the last couple of weeks, and at this point I expected to see some type of bounce due to the fact that we had formed a couple of hammers