Forex Daily Forecast, Analysis and Prediction

Gold markets fell somewhat stringently during the trading session on Tuesday but as you look at the longer-term chart, something should become relatively apparent.

The Euro fell initially during the trading session on Tuesday, but as we are starting to see on an almost daily basis, the market turned around in the middle of trading.

The British pound has rallied again during the trading session on Tuesday, reaching towards the critical 1.28 handle.

Bitcoin initially tried to rally during the day on Tuesday but then broke down a bit again.

The Australian dollar initially tried to rally during the trading session on Tuesday as the market continues to see a lot of resistance above.

We did not see a strong move for the EUR/USD at the beginning of this week, with the lack of liquidity amid the holiday in the US markets.

After the GBP/USD tested the area above 1.2700 resistance at the end of last week's trading, which is a 3 months high.

A positive start for the price of gold in early trading this week, rebounding to the $1497 level after the price of the yellow metal fell to $1474 during last Friday's session.

Despite the US markets holiday, USD/JPY has maintained its bullish stability around the 108.52 resistance level awaiting stronger catalysts to complete the correction higher.

NZDUSD: Evenly balanced but 0.6277 – 0.6250 pivotal

AUDUSD: Evenly balanced but 0.6750 pivotal

USDJPY: Pivotal area from 108.00 to 109.00

Bitcoin: Bulls vs bears from $8,458 to $8,24

As series of breakouts, despite ongoing economic weakness in the Eurozone and fresh tariffs on the EU due to the latest WTO ruling, has elevated the EUR/USD off of extreme oversold conditions.

The West Texas Intermediate Crude Oil market has broken down a bit during the trading session on Monday, as the $55 level has offered a significant amount of resistance.