Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market pulled back just a bit during the trading session on Tuesday, but then turned around to show signs of strength.

The Canadian dollar rallied a bit during the trading session on Tuesday as we reach towards the 200-day EMA.

The CAC 40 initially pulled back a bit during the trading session on Tuesday but found a little bit of buying pressure to try to reach towards the highs of the last couple of days.

The S&P 500 pulled back during the trading session on Tuesday to reach towards the 4350 level.

The NASDAQ 100 fell rather significantly during the trading session on Tuesday to reach down towards a major uptrend line that has been a factor in the overall uptrend for some time.

Gold markets fluctuated during the trading session on Tuesday as markets are awaiting the Federal Reserve policy and statement decision on Wednesday.

The Bitcoin market fluctuated during the trading session on Tuesday after a wild ride on Monday due to manipulation from the UK involving Amazon.

The Australian dollar fell again during the trading session on Tuesday but did see a little bit of buying underneath to form a hammer again.

The euro initially fell during the trading session on Tuesday but then turned around to break above the top of the falling wedge that has been forming for quite some time.

The British pound initially pulled back during the trading session on Tuesday but then turned around to show signs of strength again.

Bitcoin is very bullish above $42,263.

The AUD/USD remained in a consolidation mode as traders focused on the latest Australian inflation, lockdown news, and the upcoming FOMC decision.

The EUR/USD pair tilted upwards during the overnight session after the mixed US consumer confidence and durable goods orders data.

The pair is more bullish above 1.3900.

It has been a positive start to this week's trading for the EUR/USD currency pair, but it still lacks strong catalysts.