Forex Daily Forecast, Analysis and Prediction

This is a market that is trying to figure out where to go next, and the trading session showed just how all over the place we could be.

The price holding up from the $30k area is a bullish sign.

The West Texas Intermediate Crude Oil market broke to the upside to smash through the top of an ascending triangle that we have been building up for some time.

The question now is whether or not we are trying to build up some type of basing pattern.

Bitcoin markets were a bit choppy during the trading session on Tuesday as we continue to sit at the 200-day EMA.

This is a market that is in a bullish trend, but it is obviously very volatile.

The FTSE 100 fluctuated during the trading session on Tuesday to reach out towards the 7000 level but then recovered nicely to pick up 77 points from there.

The 1.4100 area is likely to be pivotal today.

The AUD/USD held relatively steady as the Australian government expanded the new lockdown in Victoria for seven more days to curb the new pandemic.

The EUR/USD is holding steady after the latest strong Eurozone inflation numbers.

After the profit-reaping sales that hit the price of EUR / USD, at the end of last week, it reached the support level at 1.2132 amid positive results from US economic releases.

The return of pressure on the US dollar allows the currency pair, the British Pound against the US dollar, to rise again, stabilizing around the 1.4219 resistance level

The gold price gains during the month of May are the best monthly gains for the yellow metal since last July

A new bearish start for USD/JPY, as it retreated at the beginning of this week's trading.

As of this morning the USD/MXN has again lurched towards important support levels.