Forex Daily Forecast, Analysis and Prediction

ETH/USD is challenging short-term support, and nervous sentiment has found little reason to suddenly become optimistic via speculative trends.

The euro is a relatively weak currency.

The Stellar Lumens market had a very quiet session on Tuesday as we are sitting on $0.25, an area that has been supportive more than once.

Monero fell apart on Tuesday right along with the rest of the crypto world.

The British pound broke down significantly on Tuesday to reach down towards the 200-day EMA near the 1.3580 level.

The euro initially tried to rally on Tuesday, but above the 1.14 level we have seen a lot of selling pressure, and then turned around quite drastically.

Bitcoin markets initially tried to rally a bit on Tuesday, but then gave back gains to show signs of negativity yet again.

Gold markets were extraordinarily volatile in a session that featured a lot of fear.

The FTSE 100 pulled back rather significantly during the trading session on Tuesday to show signs of “market memory”, as we are sitting on top of the previous channel.

The NASDAQ 100 futures market broke down rather significantly on Tuesday to not only break the back of the hammer from the Friday session, but also the 15,500 level, an area that had previously been supportive.

The S&P 500 sold off rather drastically on Tuesday to reach down below the 4600 level.

The West Texas Intermediate Crude Oil market went back and forth on Tuesday but has given up some of the gains to show signs of exhaustion.

The GBP/USD has been under intense pressure in the past few days.

The BTC/USD remained under pressure as a decline in key global assets continued.

The AUD/USD pair declined to the lowest level since January 11th after weak Australian consumer confidence data.