Forex Daily Forecast, Analysis and Prediction

The Euro has been absolutely pummeled against the British pound during most of the back half of 2019.

The US dollar has been very choppy against the Canadian dollar over the last several months, and most of 2019 has been simple consolidation.

AUDUSD: Consolidating below 0.6861

USDJPY: Weakly bearish below 109.52

According to the performance on the daily chart, the USD/JPY is still in an upward correction phase, and at the same time, lacks the momentum to complete it.

Gold Analysis: Will it Reach the $1500 Resistance Soon?

Bitcoin: Bearish near new 6-month low

Memories from the Crypto Winter of 2018 are resurfacing as Bitcoin is leading the majority of the cryptocurrency market to the downside, erasing billions of value weekly.

During yesterday's trading, the GBP/USD price collapsed to the 1.3100 support.

The EUR/USD price is still unable to return to test the important 1.1200 resistance.

Following the landslide electoral victory by British Prime Minister Johnson, giving him an 80-seat majority in Parliament, the EUR/GBP spiked amid profit-taking in the British Pound.

Bearish momentum in the NZD/CAD is expected to pressure for more downside after price action completed a breakdown below its resistance zone.

Economic trade data out of Japan confirmed that the global economy continues to weaken, which ushered in the return of risk-off sentiment.

GBPUSD: Double bottom at 1.3081?

The West Texas Intermediate Crude Oil market has rallied again during the trading session on Tuesday, as we are above the $60 level.