Forex Daily Forecast, Analysis and Prediction

The DAX has done very little during the trading session on Tuesday as we continue to hover around the 15,250 level.

The FTSE 100 pulled back a bit during the trading session on Tuesday to reach down towards the top of the ascending triangle that I have marked on the chart.

The West Texas Intermediate Crude Oil market has done very little during the trading session on Tuesday yet again, as we continue to bounce around in the same action that we have seen for some time.

The market looks as if it is ready to take out the 14,000 level, which is just yet another target that short-term traders have been aiming for.

At this point, the market looks as if it is trying to decide whether or not the $1750 level is a potential barrier, or if it will be broken through.

The Australian dollar initially fell during the trading session on Tuesday but found enough support just below the 0.76 level to turn things around and show signs of life again.

Bitcoin markets have broken above the $60,000 level finally and are meant to close well above there.

The British pound has been all over the place during the session on Tuesday, as the 1.3750 level continues to be a bit of a magnet for price.

The euro initially pulled back during the trading session on Tuesday, but then found support underneath the 1.19 level.

Bitcoin is soaring higher to new record-high prices.

The British pound remains weaker than the euro.

The AUD/USD pair is up for the second straight day helped by the overall weaker greenback.

The EUR/USD price rallied to the highest level since March after the latest US consumer inflation numbers.

Gold futures fell to the support level of $ 1723 an ounce at the time of writing the analysis, after achieving modest weekly gains.

The psychological resistance 110.00 is still lacking the necessary momentum to return to the path of its ascending channel.