Forex Daily Forecast, Analysis and Prediction

The all-time high at $58,426 is in sight.

The FTSE 100 rallied a bit during the trading session on Tuesday to break above the most recent high before pulling back ever so slightly.

The DAX initially dipped during the trading session on Tuesday but turned around to show signs of strength again as we closed towards the top of the overall range of the session.

The West Texas Intermediate Crude Oil market initially tried to rally above the $65 level on Tuesday but gave back the gains to break down towards the $64 level.

The NASDAQ 100 shot straight up in the air during the trading session as yields fell in the United States on Tuesday.

The S&P 500 rallied significantly during the trading session on Tuesday to reach towards the 3900 level but has fallen just a bit short.

Clear, pivotal support and resistance levels nearby.

The British pound rallied a bit during the trading session on Tuesday to bounce from a crucial uptrend line.

The euro bounced a bit during the trading session on Tuesday as it reached towards the 200-day EMA.

Gold markets rallied significantly during the trading session on Tuesday to bounce from a crucial support region.

The Australian dollar rallied quite nicely during the trading session on Tuesday as we have not only closed towards the top of the range, but we have bounced from a significant uptrend line.

The Bitcoin market has broken out above the recent resistance to reach towards the $54,000 level.

The AUD/USD price downward trend continued ahead after relatively dovish comments by RBA Governor Philip Lowe.

The EUR/USD price retreated in the American and Asian sessions as traders waited for the important US inflation data and the European Central Bank (ECB) decision.

DOT/USD has produced a solid incremental trend higher since the end of February and speculators may be targeting early March highs.