Forex Daily Forecast, Analysis and Prediction

The US dollar initially pulled back just a bit during the trading session here on Tuesday, but then it continued the bullish pressure that we had seen from Monday.

The US dollar has rallied a little bit during the trading session on a Tuesday following the strength that we had seen on Monday against the Danish Krone.

The Euro has fallen quite a bit during the trading session on Tuesday against the Swiss franc, as it looks at this point in time as we may be getting ready to test that the 0.93 level.

We initially tried to rally during the early hours on Tuesday in the British pound against the Japanese yen, but then fell off of a cliff as we continue to see erratic and spastic behavior time and time again.

The IBEX had initially tried to rally during the trading session on Tuesday but gave back the gains as it looks like we are running out of momentum.

After touching a low of nearly 3.62280 on the 30th of August, the USD/ILS has climbed higher.

The NZD/USD is around the 0.61435 price as of this writing with typical fast changes been seen.

Silver looks extraordinarily confused.

The US dollar is drifting a little bit lower.

We have a lot of confusion.

The market has been consolidating for several weeks, and it certainly looks as if we are trying to do everything, we can to eventually build up enough momentum to go higher.

The USD/MYR currency pair stands out as we continue to consolidate in bang around in what looks like a bit of a symmetrical triangle.

Bitcoin has been weakening as a risk-on asset in the current risk-off environment, but the price will likely be affected later by the release of US CPI data.

The GBP/USD currency pair dropped to an important support level after the mixed UK jobs numbers and as crude oil prices continued falling.

The EUR/USD pair continued falling ahead of Thursday’s European Central Bank (ECB) decision.