Forex Daily Forecast, Analysis and Prediction

Will the floor at $58,500 hold or break down?

ETH/USD is trading within the upper tier of its range as speculators continue to jump onto the bullish trend and test all-time values.

The euro has gone back and forth during trading on Tuesday as we continue to see the 1.16 level as a bit of a magnet.

The British pound has initially rallied during the trading session on Tuesday but gave back gains at the same level yet again.

The West Texas Intermediate Crude Oil market has pulled back a bit during the trading session on Tuesday, only to find buyers underneath and push to the upside.

The S&P 500 has rallied a bit during the trading session here on Tuesday but gave back early gains as we are getting a little bit stretched.

The NASDAQ 100 has rallied initially on Tuesday but gave back the gains as we reached towards the all-time highs.

The CAC Index is currently grinding away, trying to eclipse the 6800 level.

The FTSE 100 has broken out during the trading session on Tuesday as we continue to see a little bit of a push to the upside.

Gold markets have pulled back a bit during the trading session on Tuesday again, as we continue to see a lot of resistance just above.

The Australian dollar has rallied a bit on Tuesday to break above the 0.75 level, but then got hammered in the middle of the day, only to turn around and rally again.

Bitcoin markets have gone back and forth on Tuesday as we continue to try and digest gains from the massive move higher.

The support at $1.3741 is likely to be pivotal.

The EUR/USD declined for the second consecutive day as investors reflected on the strong American consumer confidence and the upcoming European Central Bank (ECB) meeting.

The AUD/USD pair rose for the third straight day as investors reacted to the latest Australian consumer inflation data.