Forex Daily Forecast, Analysis and Prediction

Silver rallied a bit during the trading session on Monday but has also given back some of the gains to show signs of hesitation.

I see that the DAX is doing everything it can to break out to the upside.

Gold looks like it is trying to build some type of base for a move higher.

I have seen quite a bit of sideways action yet again,.

I recognize that bitcoin has been building up a bit of support just above the $60,000 level.

We may be seeing a bearish head and shoulders pattern threatening the support at $1.2600.

The EUR/USD exchange rate rose after the French election and then reversed gains as investors assessed enduring political risks in the country.

Bitcoin price continued its recovery on Tuesday as investors continued to buy the dip.

The AUD/USD exchange rate wavered after the Reserve Bank of Australia (RBA) published minutes of the last monetary policy meeting.

USD/TRY trading volumes declined at the end of last week, with the Turkish lira rising from its all-time low against the dollar following positive reports released over the weekend.

The Japanese yen fell to around 161 yen per US dollar, breaking through this level for the first time since 1986, as the Ministry of Finance appointed Atsushi Mimura as Japan’s top currency diplomat, replacing Masato Kanda.

At the beginning of this week’s trading, with the US dollar’s gains halted slightly, the GBP/USD price is moving around 1.2685 at the time of writing.

EUR/USD jumped to the resistance level of 1.0767 at the time of writing this analysis.

Gold prices are hovering around the $2325 per ounce level as investors continue to assess the latest US inflation data.

The Dax asset looks as if it continues to consolidate just above a significant amount of support.