Forex Daily Forecast, Analysis and Prediction

EURUSD: Bullish daily pin bar hints at reversal

Natural gas markets have rallied quite significantly during the trading session on Tuesday, after initially pulling back to the 50 day EMA before bouncing towards the $2.35 level.

The Australian dollar is heading towards a significant amount of resistance just above, especially near the 0.68 handle, as it is an area that has caused quite a bit of selling in the past.

The West Texas Intermediate Crude Oil market has fallen a bit during the trading session again on Tuesday but we have bounced a bit from the lows.

The bitcoin market rallied significantly during the trading session on Tuesday as traders came back to work.

Gold markets rallied significantly during the trading session on Tuesday as traders came back to work.

Silver: Consolidating triangle below $18.50 holds

NZDUSD: Double bearish price channel holding

AUDUSD: Bullish inner trend line break?

USDJPY: Consolidation between 105.86 and 106.73

Bitcoin: More bullish above broken trend lines

The Australian dollar continues to be very negative overall as risk appetite has gotten hit.

The Euro has initially tried to rally during the trading session on Monday but found enough resistance at the 1.10 level to turn things around and sell off yet again.

The US dollar gapped lower to kick off the week, as traders were concerned about the United States and China adding more tariffs upon each other, so it makes quite a bit of sense that we haven’t been able to break out of the range that we have been in for some time.

The British pound has initially tried to rally during the trading session on Monday, but then rolled over quite drastically to show extreme weakness.