Forex Daily Forecast, Analysis and Prediction

Short-term volatility is likely between $1.3750 and $1.3850.

The euro rallied significantly on Tuesday to reach towards the 1.1650 level before rolling over and showing signs of exhaustion.

The British pound rallied on Tuesday again to show even more strength

Gold markets rallied significantly early on Tuesday but gave up gains to form a less-than-impressive, shooting star-shaped candlestick.

The Australian dollar rallied significantly on Tuesday to show signs of strength again, and even closed at the top of the range.

The Bitcoin market rallied again to break above the $63,000 level on Tuesday to show just how bullish the market is.

The West Texas Intermediate Crude Oil market rallied on Tuesday, but we continue to see a little bit of resistance near the $82.50 level.

The US dollar fell a bit on Tuesday to reach down towards the 1.23 handle.

The DAX Index was relatively quiet on Tuesday, reaching down towards the 50-day EMA in order to show signs of support.

The S&P 500 rallied a bit on Tuesday to break above the 4500 level.

The NASDAQ 100 rallied a bit on Tuesday for the fifth candlestick in a row to print green.

The AUD/USD rose to the highest level since July as investors and analysts cast doubt on the guidance offered by the Reserve Bank of Australia (RBA).

The EUR/USD price retreated as investors reflected on the relatively weak US housing starts and building permits data.

As of this writing, the USD/JPY is near the 114.000 mark and has produced a slight selloff after retesting long-term highs yesterday.

The USD/PKR continues to see new record highs as bullish momentum surges and yesterday’s price velocity is showing signs of speculation.