Forex Daily Forecast, Analysis and Prediction

The euro continues to drift lower as it initially tried to rally but then gave back those gains to reach towards the 1.15 level.

The British pound rallied during the early hours on Tuesday, but as you can see, has given back quite a bit of the gains to show signs of exhaustion.

The British pound is showing minor relative strength.

The AUD/USD price held steady as investors priced in a strong economic rebound for the Australian economy.

The EUR/USD price made a bearish breakout on Tuesday as investors focused on the upcoming inflation data from the United States.

The GBP/USD tried to complete the upward recovery path from the end of last week’s trading, reaching the resistance level 1.3673.

The EUR/USD has remained stable under downward pressure around the 1.1550, its lowest support in months.

Gold settled around the $1753 support level in yesterday's trading as it trades in a narrow range.

The Japanese yen continued its decline against the other major currencies, amid hopes of a wider divergence in interest rates between the US and Japan.

The USD/BRL will begin its trading today within the upper realms of its mid-term price range and bullish momentum continues to incrementally be strong.

The price has room to rise all the way to 115.00.

Natural gas continues to trade within the upper tier of its long-term price range, even after suffering a decline in value yesterday with volatile conditions prevailing.

The USD/CAD is testing lower values not seen since early August as bearish momentum has been able to sustain last week’s downward trajectory.

The USD/ZAR remains within sight of its upper price range, but has displayed choppy trading conditions the past few days.

Today’s pivotal point is likely to be 1.1555.