Forex Daily Forecast, Analysis and Prediction

The CAC had initially tried to rally during the trading session on Tuesday but gave back gains as the 200 day EMA continues to offer a little bit of resistance.

The British pound initially pulled back just a bit during the trading session here on Tuesday, but then turned around to show signs of life.

Selling in the NZD/USD has been strong and support levels have proven vulnerable.

The pound has fallen a bit against the Japanese yen, as we have seen a bit of a risk off type of attitude around the world.

It's easy to see that initially, the ruble strengthened during the trading session on Tuesday, but the US dollar has recovered quite nicely.

The British pound has drifted a little bit lower during the trading session, but it looks like buyers are trying to protect the 1.29 level.

The 0.53 level is offering a certain amount of support.

It's hard not to notice that the market has pulled back a bit after that explosive day on Monday.

It's hard not to notice the fact that even though we sold off in the early hours on Tuesday, the buyers came back to get involved and started pushing this market higher again.

We have seen a significant amount of selling pressure in the US dollar against the Japanese yen.

Price action makes a break below the former ascending price channel as a bearish head and shoulders pattern completed, yet we see support holding at $1.0840.

As you can see, the silver market has initially fell a bit during the trading session and turned around to show signs of life.

The GBP/USD pair retreated this week.

The BTC/USD pair retreated slightly this week even as the crypto market received some important good news.

The AUD/USD pair continued its strong downtrend this week as concerns about the Chinese economy accelerated.