Forex Daily Forecast, Analysis and Prediction

After being able to display a solid bearish trend since late August, the USD/PKR has seen a small bullish reversal take place since the end of November.

With the UK starting to vaccinate its population against COVID-19, global optimism continues to increase, and the debt burden of 2020 remains ignored.

With the COVID-19 pandemic resulting in governments around the world spiking debt to support their domestic economies and thus fueling an unsustainable debt bubble, central banks slashed interest rates but also spiked their gold purchases.

The pound is still trying to re-test the price channel and close below it, forming a broken pattern trend.

The AUD/USD pair rose at the beginning of the day's trading following optimistic data.

Bitcoin initially tried to rally during the trading session on Tuesday but continues to struggle with the idea of $20,000 above.

The Australian dollar pulled back a bit during the trading session on Tuesday, as we continue to see a lot of volatility in the markets in a relatively tight range.

The NASDAQ 100 pulled back a bit during the trading session initially on Tuesday only to turn around and show signs of strength again.

The S&P 500 initially pulled back during the trading session on Tuesday but then found buyers to send this market much higher, breaking above the 3700 level as we closed out the session.

We have probably seen the high for 2020 already.

Pivotal point remains at 1.2087.

Gold markets have rallied a bit during the trading session on Tuesday to break above the 50-day EMA.

Silver markets initially tried to rally during the trading session on Tuesday but found the $25 level to be a bit too much to get over.

The West Texas Intermediate Crude Oil market fell a bit during the trading session on Tuesday as oil continues to look for direction.

The euro initially tried to rally during the trading session on Tuesday but gave back the gains to form a shooting star.