Forex Daily Forecast, Analysis and Prediction

The US dollar has initially tried to rally against the Brazilian real during the trading session on Tuesday but gave back the gains near the 5.20 real level, an area that has both support and resistance on shorter time frames.

The silver markets have been all over the place during the trading session on Tuesday, as we broke above the $26 level during the Asian session, only to turn around a break down below the $23 level.

The gold markets have gone back and forth during the course of the day on Tuesday, initially breaking above the $1960 level in the front month of the futures contract, and even touched the $2000 level in the spot market.

The West Texas Intermediate Crude Oil market dropped a bit during the trading session on Tuesday, as the $41 level has offered a bit of resistance, and the 20 day EMA underneath continues to offer support.

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West Texas Intermediate Crude Oil has enjoyed a solid stretch of trading and has stopped turning the hair of traders prematurely grey.

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Complementing the bullish path, the EUR/USD pair started this week’s trading by testing higher highs, and then pushed to the 1.1781 resistance,

Non-stop gains distinguishes the gold performance in the last period on Tuesday morning, the price of an ounce of gold reached $1981

The USD collapsing did not end, which surprised Forex traders, especially with the COVID-19 continuing to cause catastrophic human and economic losses

For the seventh consecutive day, the GBP/USD pair continues to achieve cautious gains, which pushed it towards the 1.2902 resistance