Forex Daily Forecast, Analysis and Prediction

The 1.40 level has been like a brick wall for the British pound, and the fact that we have pulled back from the level on Tuesday should not be too much of a huge surprise, considering that we got there so quickly.

The euro initially tried to rally during the trading session on Tuesday but gave up all of the gains to form a massive shooting star.

The price looks likely to remain stuck while risk barometer settles in markets.

We are likely to see a high level of activity in this currency pair today.

The AUD/USD declined in the overnight session as the rising number of COVID cases raise concerns about the commodity sector.

The EUR/USD is in a tight range as the European Central Bank (ECB) starts its monetary policy meeting and as US bond yields rise.

DOT/USD has produced a wild stretch of trading since the end of March, and record highs seen only three days ago have produced a swift reversal lower.

After a strong bullish moves last week, the price of gold has returned to the support level of $1765 as of this writing.

The USD/JPY hit a new low as it retreated to the 107.97 support level today, the lowest for the currency pair in over a month-and-a-half.

The EUR/USD has been moving in an upward correction since the start of trading this week.

In its best trading session this year, the GBP/USD broke through the 1.4000 psychological resistance today.

ADA/USD continues to deliver a blistering trading pace and its volatility could prove attractive to cryptocurrency speculators.

ETH/USD has come off highs and is now testing important short-term support levels, which are adding to Ethereum’s speculative storm.

The USD/SGD has traversed from its higher value range back into bearish territory the past week of trading with strong velocity.

The West Texas Intermediate Crude Oil market has done very little during the trading session yet again, as it looks like we are simply “killing time” before some type of bigger move.