Forex Daily Forecast, Analysis and Prediction

The British pound broke down significantly on Tuesday to reach down towards the 200-day EMA near the 1.3580 level.

The euro initially tried to rally on Tuesday, but above the 1.14 level we have seen a lot of selling pressure, and then turned around quite drastically.

Bitcoin markets initially tried to rally a bit on Tuesday, but then gave back gains to show signs of negativity yet again.

Gold markets were extraordinarily volatile in a session that featured a lot of fear.

The FTSE 100 pulled back rather significantly during the trading session on Tuesday to show signs of “market memory”, as we are sitting on top of the previous channel.

The NASDAQ 100 futures market broke down rather significantly on Tuesday to not only break the back of the hammer from the Friday session, but also the 15,500 level, an area that had previously been supportive.

The S&P 500 sold off rather drastically on Tuesday to reach down below the 4600 level.

The West Texas Intermediate Crude Oil market went back and forth on Tuesday but has given up some of the gains to show signs of exhaustion.

The GBP/USD has been under intense pressure in the past few days.

The BTC/USD remained under pressure as a decline in key global assets continued.

The AUD/USD pair declined to the lowest level since January 11th after weak Australian consumer confidence data.

The last trading sessions for the price of an ounce of gold witnessed relative stability in a range between the support level of $1812 and the level of $1823 an ounce.

GBP/USD made its fourth straight high last week, as the market ponders the dollar outlook.

For the third day in a row, the price of the USD/JPY is back to a bullish rebound, after it tested its impact in early trading today.

The price of the EUR/USD currency pair quickly rose to a two-month high last week, leaving the impression of a bullish reversal in its wake on the charts.