Forex Daily Forecast, Analysis and Prediction

The price of gold fell after the largest decline in a month, as investors sought to buy the US dollar, amid increasing signs of an economic slowdown.

Since the start of this week’s trading, the price of the euro currency pair against the US dollar EUR/USD has been subjected to strong selling operations.

Since the start of trading this week, the bulls have been trying to control the performance of the USD/JPY currency pair.

The lira stabilized without changes in the price of the USD/TRY currency pair as the pair is trading within a very narrow range.

Spot natural gas prices continued to rise in recent trading at intraday levels, to achieve new daily gains until the moment of writing this report, by 0.68%.

Breakdown below supportive trend line confluent with resistance.

The Dow Jones Industrial Average Index continued to rise during its recent trading at the intraday levels, to achieve gains for the fifth consecutive day, by 0.71%.

The USD/BRL has displayed ability to move slightly upwards the past day of trading, but technically the forex pair remains within sight of near term support.

The NZD/USD is trading near short term lows in the wake of the Reserve Bank of New Zealand delivering an expected interest rate hike.

The S&P 500 Index rallied a bit on Tuesday as we continue to see a lot of volatility and upward momentum.

The EUR/USD currency pair went back and forth Tuesday as nobody really knows what to do with themselves at this point.

The German DAX Index rallied significantly on Tuesday to break through a short-term resistance barrier.

The gold markets have pulled back again on Tuesday as we are now below the $1780 level.

The NASDAQ 100 Index was very volatile on Tuesday as we had no real certainty by the end of the day.

Ethereum fell a bit on Tuesday as we continue to look at the $2000 level above as a major resistance barrier.