Forex Daily Forecast, Analysis and Prediction

ETH/USD has begun trading today with a moderate spike upward followed by a fast decline and traders are now waiting for its next decisive action.

The USD/MXN has begun to decline after its short term bullish move, traders must ponder if the momentum downward will strengthen.

Gold prices rose sharply during yesterday's trading, ending a 4-day series of losses, as the yields of long-term US Treasury bonds and government bonds in the Eurozone decreased and the dollar trimmed some of its recent gains.

After the GBP/USD fell to the support level of 1.3777 at the beginning of this week's trading, its lowest in nearly a month, the pair actually began to rebound higher.

The announcement of the decline in Japanese economic growth gave the USD/JPY additional impetus to complete the correction to the upside.

A temporary stall in the gains of the US dollar contributed to a limited upward correction for the EUR/USD since yesterday's trading.

The all-time high at $58,426 is in sight.

The FTSE 100 rallied a bit during the trading session on Tuesday to break above the most recent high before pulling back ever so slightly.

The DAX initially dipped during the trading session on Tuesday but turned around to show signs of strength again as we closed towards the top of the overall range of the session.

The West Texas Intermediate Crude Oil market initially tried to rally above the $65 level on Tuesday but gave back the gains to break down towards the $64 level.

The NASDAQ 100 shot straight up in the air during the trading session as yields fell in the United States on Tuesday.

The S&P 500 rallied significantly during the trading session on Tuesday to reach towards the 3900 level but has fallen just a bit short.

Clear, pivotal support and resistance levels nearby.

The British pound rallied a bit during the trading session on Tuesday to bounce from a crucial uptrend line.

The euro bounced a bit during the trading session on Tuesday as it reached towards the 200-day EMA.