Forex Daily Forecast, Analysis and Prediction

The USD/SGD has produced a solid bearish move the past two days and has moved into a trading range which needs attention.

Bitcoin has lost one third of its value in under 10 days.

The NASDAQ 100 rallied a bit during the course of the trading session on Tuesday as we reached towards the 50-day EMA but then broke back down.

The West Texas Intermediate Crude Oil market initially fell rather hard during the trading session but turned right back around to show signs of strength as the $64 level offered significant support.

The US dollar has fell initially during the trading session on Tuesday but continues to look at the 1.20 level as an area that is worth paying attention to.

The FTSE 100 initially rallied during the trading session on Tuesday but gave back the gains in order to show signs of confusion.

The S&P 500 initially tried to rally during the trading session on Tuesday but gave back the gains to show less-than-enthusiastic momentum.

The euro had a very strong session on Tuesday to break above the 1.22 handle, and looks very likely to go looking towards the 1.23 level given enough time.

The British pound rallied again during the course of the trading session on Tuesday to test the 1.42 level.

The Bitcoin market has found a little bit of selling yet again, so it looks like it will continue to go to the downside.

The Australian dollar rallied again during the trading session on Tuesday to reach towards the 0.78 level.

Gold markets initially tried to rally during the trading session on Tuesday but gave back the gains rather quickly, as we may have gotten extended.

Yet, the pair is losing bullish momentum at 1.4200.

The EUR/USD pair is hovering near its highest level since March ahead of the upcoming European inflation data.

The AUD/USD pair is in a tight range as the market reacts to the ongoing sell-off in commodities and the relatively strong Wage Price Index.