Forex Daily Forecast, Analysis and Prediction

The bitcoin market initially fell during the trading session on Tuesday.

I that the €18,650 level continues to be a little bit resistant, but the pullback seems to be running out of steam during the early hours on Tuesday.

Silver is extremely bullish overall.

Despite residual bullishness, the strong resistance level at $1.0920 remains to be overcome. However, technical weakness in the US Dollar Index suggests higher prices are likely in this currency pair.

The GBP/USD currency pair wavered at its highest level since July last year as the odds of a Federal Reserve interest rate cut rose after the latest US retail sales data.

Bitcoin price continued its strong comeback on Wednesday as the recent rally accelerated.

The AUD/USD pair suffered a harsh reversal in the overnight session as traders waited for the upcoming Australian jobs data.

The USD/SGD has produced a solid bearish trend.

Nervousness regarding the Brazilian Real continues to be seen via the speculative price action of technical charts which reflects the behavioral sentiment of financial institutions.

According to recent trades, the British pound reached its highest level in a year against the US dollar after rising 1.35% last week.

The USD/JPY is expected to remain on its current downward trajectory pending the reaction to the announcement of US inflation figures.

For four consecutive trading sessions, the price of gold has been in an upward rebound.

The EUR/USD reached its highest level in five weeks last Friday, but there is potential for a consolidated pullback in the next five days.

It’s becoming increasingly obvious to me that the 1.34 level is an area that’s going to be very important when it comes to the Singapore dollar.

It’s clear that the EUR/CAD pair is threatening a major break out at this point in time.