Forex Daily Forecast, Analysis and Prediction

BTC/USD: Pivotal point likely at $10,641

The S&P 500 initially tried to rally during the trading session on Tuesday, pulling back from the 3400 region.

GBP/USD: Pound is not advancing as a leader

The silver markets have pulled back from the 50 day EMA again on Tuesday to reach down towards the $24 level.

The Euro has gone back and forth during the course of the trading session on Tuesday, as we were testing the previous uptrend line.

Gold markets have initially tried to rally during the trading session on Tuesday only to turn around and show negativity.

EUR/USD: Bullish trend still valid

The West Texas Intermediate Crude Oil market has broken above the 50 day EMA during the trading session on Tuesday, as we continue to see a well-defined range that the market wants to be involved in.

The British pound initially tried to rally a bit during the trading session on Tuesday, reaching towards the 1.30 level.

After the announcement of the improvement in US President Trump's health condition after suffering from Coronavirus symptoms and his quick admission to the hospital to conduct the necessary tests and take some vaccines.

The pace of buying the US dollar has stopped after the announcement of Trump's health improvement from the symptoms of the Coronavirus.

Investors abandoned the US currency as a safe haven after announcing the improvement in president Trump’s health condition, who was exposed to Coronavirus symptoms.

Risk appetite to compensating recent USD/JPY losses, which pushed it towards the 104.95 support by the end of last week.

Since late July the USD/CHF has traded within a protracted range largely between 0.90500 and 0.92400.

After touching resistance near the 9.15000 level on the 25th of September as risk-averse trading reached an apex, the USD/SEK has resumed its bearish trend and is making quick work of support levels in its way.