Forex Daily Forecast, Analysis and Prediction

The GBP/USD price retreated yesterday after hitting its highest level since March 2018.

The EUR/USD is in a tight range ahead of important economic releases from the United States (US) and the European Union (EU).

The AUD/USD retreated in the overnight session as traders reflected on the performance of commodities, Jerome Powell’s testimony, and the Australian expenditure data.

The BTC/USD price is hovering around 50,000 as investors question the latest volatility of the digital currency.

BBNB/USD has jumped in value during the past week of trading as speculative forces have generated momentum based on potential developments.

The NZD/USD continues to prove resistance is vulnerable as its strong bullish run generates more power.

ETH/USD has been consumed by a violent value range the past few days of trading as stormy conditions test speculators.

Bitcoin has seen its value move by nearly 9000.00 USD in trading the past day as volatility is affected by anxious speculation.

Gold is trying to benefit from the weak US dollar, but its rebound gains did not exceed $1816 before stabilizing around $1806 as of this writing.

For the second consecutive week, the GBP/USD stabilized above the 1.4000 psychological resistance, which strongly confirms the bullish performance.

Despite healthy risk appetite, the USD/JPY is still facing downward pressure, retreating during yesterday's session to the 104.92 support level before settling around 105.52 at the time of writing.

Bullish attempts to push the EUR/USD pair to stronger ascending levels are still weak.

The DAX index tried to break above the 14,000 level during the day on Tuesday only to turn around and break down below the 50-day EMA.

The Australian dollar fluctuated during the course of the trading session on Tuesday to show a bit of hesitation just above the 0.79 level.

Gold markets initially fell during the trading session on Tuesday to reach down below the $1800 level.