Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair initially fell on Tuesday, but found enough support below to push the market back above the 1.1850 level at one point during the day. The Australian dollar ended up finding quite a bit of support during the day on Tuesday as the 0.69 level offered quite a bit of buying pressure.

The EUR/USD pair went back and forth during the course of the day on Tuesday as we continue to see quite a bit of volatility. The GBP/USD pair initially fell during the course of the day on Tuesday, but found enough support to turn things back around and go higher.

The WTI Crude Oil market rose during the day on Tuesday, testing the $32 level. The natural gas markets initially tried to rally at the open on Tuesday, but found enough resistance near the 2.20 level to turn things back around and form a bit of a shooting star.

If there’s economic uncertainty, you would have to believe that the US dollar should do better than the South African rand going forward.

The S&P 500 initially fell on Tuesday, testing the 1860 handle. The NASDAQ 100 had a volatile session, testing the 4150 level for support.

Get the USD/CAD Forex Signal for January 27, 2016.

Get the USD/CHF Forex Signal for January 27, 2016.

Get the GBP/USD Forex Signal for January 27, 2016.

Get the EUR/USD Forex Signal for January 27, 2016.

Gold prices climbed for a second straight session on Tuesday to settle at their highest level since early November as the weakness in the dollar and equities markets spurred investors’ appetite for the relative safety of the precious metal.

Get the NZD/USD Forex Signal for January 26, 2016.

Get the AUD/USD Forex Signal for January 26, 2016.

Get the USD/JPY Forex Signal for January 26, 2016.

Get the USD/CAD Forex Signal for January 26, 2016.

Get the USD/CHF Forex Signal for January 26, 2016.