Forex Daily Forecast, Analysis and Prediction

Spot natural gas prices (CFDS ON NATURAL GAS) fell during their early trading on Tuesday.

The USD/CAD has rallied significantly during the trading session on Monday to slam into the 1.3475 handle, an area where we’ve seen a bit of resistance previously.

The USD/CHF pulled back a bit during the trading session on Monday, only to turn around and show strength yet again.

The USD/JPY gapped higher on Monday to kick off the trading week to slam into the 50-Day EMA.

The NZD/USD has gone back and forth during the trading session on Monday, testing the 200-Day EMA. As we continue to see negative pressure, we even pierced that indicator, but have turned back around to stabilize.

The AUD/USD has gone back and forth during the trading session after initially gapping lower on Monday.

The Dow Jones Industrial Average has fallen a little bit on Monday but continues to see the 50-Day EMA underneath offers a certain amount of support.

The USD/BRL finished Monday’s trading near the 5.1460 ratio, which is within the higher levels of its near-term value range.

The Crude Oil market had a little bit of stability on Monday, as we are approaching the bottom of the overall consolidation area that we had been in for a while.

The USD/MXN is trading near the 19.14600 realm as of this writing, but this comes after challenging the 19.29100 vicinity in a bull rush upwards yesterday.

The NASDAQ 100 Index has fallen a bit during the trading session on Monday, after forming a pair of shooting stars on the daily chart last week.

The British pound initially tried to rally a bit during the trading session on Monday but has turned around the threatened a breakdown below the 1.20 level.

The US dollar has been strong against almost everything during the trading session on Monday, which is a continuation of what we have seen since last Thursday.

The GBP/USD price plunged to the lowest point since January 6 as the market continued reacting to the strong US jobs numbers.

Bitcoin price moved sideways on Tuesday as the market pondered the next action plan by the Federal Reserve following the strong jobs numbers on Friday.