Forex Daily Forecast, Analysis and Prediction

To be bullish here, we really need to see the 1.2154 resistance level decisively broken.

The USD/ZAR has seen support levels crumble the past two days and in early morning trading bearish momentum has increased.

The Swedish Krona is likely sparking bearish perceptions within plenty of speculators again as an important price range tests support levels.

The USD/BRL remains locked within a tight range which continues to lack a strong trend which may be helping short term speculators.

The British pound initially pulled back a bit during the trading session on Tuesday but then shot straight up in the air to finally break above the crucial 1.3750 level.

The FTSE 100 fluctuated during the trading session on Tuesday as we continue to see plenty of choppiness right around the 50-day EMA.

The West Texas Intermediate Crude Oil market pulled back significantly during the trading session on Tuesday, but found plenty of support underneath to form a hammer-shaped candlestick.

The S&P 500 pulled back just a bit during the trading session on Tuesday but continues to find buyers on dips.

NASDAQ traders continue to be bullish and see reasons to buy the market.

The euro rallied to break above the previous uptrend line, which should have in theory offered a significant amount of resistance.

The DAX Index initially dipped during the trading session on Tuesday but found enough support underneath the 14,000 level to turn things around.

Gold markets initially rallied during the trading session on Tuesday to reach towards the $1850 level.

The Aussie dollar continues to show strength as it bounced from the 50-day EMA recently, which will capture the attention of a lot of traders.

Gold markets initially rallied during the trading session on Tuesday to reach towards the $1850 level.

Bitcoin rallied again during the trading session to capture an all-time high at the $48,178 level on Tuesday.