Forex Daily Forecast, Analysis and Prediction

As this currency pair is approaching its 61.8 Fibonacci Retracement Fan Support Level, bearish momentum started to decrease.

Gold markets have fallen during the trading session on Tuesday, to break below the $1500 level.

USDCAD: Bearish below 1.3192

USDCHF Analysis: Bullish above 0.9946

GBPUSD: Bullish consolidation above 1.2300

EURUSD: Consolidation above 1.1021

Since the beginning of this week’s trading, the performance of the EUR / USD pair, as we expected, was in a limited range.

The price of gold today succeeded in confirming the break of the uptrend which lasted for 17 consecutive trading sessions.

With the announcement of the results of the UK's GDP growth and manufacturing output, we have noticed negligence from the GBP / USD performance, as the Brexit developments are the most influential on the GBP trends.

For the fifth day in a row, USD / JPY continues the upward correction with gains reaching the 107.50 resistance level recorded at the time of writing, the highest in a month.

NZDUSD: Bulls failing to make new highs

AUDUSD: Bulls failing to make new highs

USDJPY: More bullish above 107.26

Bitcoin: Bearish consolidation below $10,500

The Euro initially tried to rally during the day on Monday but ran into trouble at the same general region than that we have seen it roll over recently.