Forex Daily Forecast, Analysis and Prediction

Gold markets initially rallied during the trading session on Tuesday but could not hang on to gains as we anticipate the FOMC meeting and statement.

The Australian dollar has fallen a bit during the course of the trading session on Tuesday to reach down towards the 50-day EMA yet again.

The Bitcoin market fell during the trading session on Tuesday to break down below the lows of the last couple of days.

The British pound has fallen a bit during the course of the trading session to slice below a major uptrend line before turning right back around.

The euro fluctuated during the course of the trading session on Tuesday as we continue to see the 1.19 level offer a little bit of support.

The AUD/USD price has formed a bullish flag pattern ahead of the FOMC decision and Australian employment numbers scheduled for tomorrow.

The EUR/USD price is little changed as traders wait for the latest EU inflation numbers and the FOMC decision.

The bulls need to hold the $53K area.

Medium-term consolidation pattern between 1.3800 and 1.4000.

The USD/CHF hit a high price of nearly 0.93750 briefly on the 9th of March, and since then the Forex pair has demonstrated a reversal lower.

The USD/ARS has seen its bullish trend remain intact and speculators with the capability of pursuing the upward momentum may find more opportunities.

The USD/ZAR has traded lower again as the week has begun, but a short-term battle is being waged as the Forex pair tries to establish stronger direction.

Price looks congested and hard to predict.

The support at 1.1914 could be pivotal today.

The price of gold has remained stable between the $1700 support level and the $1740 resistance level, waiting for enough momentum to move higher or resume recent downward pressure.