Forex Daily Forecast, Analysis and Prediction

The Australian dollar initially tried to rally during the trading session on Tuesday but found resistance again at the 50% Fibonacci retracement level.

Natural gas markets have rallied a bit during the training session on Tuesday but gave back some of the gains.

The West Texas Intermediate Crude Oil markets have rallied a bit during the trading session on Tuesday, as we continue to build a bit of a base between the $52.50 level and the $55 level.

Gold markets have been compressing for a couple of weeks now, forming a bit of a symmetrical triangle.

Bitcoin markets have done very little of the last couple weeks, which is quite typical of Bitcoin for long periods of time.

The US dollar did very little during the trading session on Tuesday, as we continue to bounce around in the same very tight range against the Japanese yen.

As price action has reached its support zone, bearish momentum is depleting and the likelihood of a breakout has increased.

While the Eurozone continues to face fundamental economic struggles as well as yet another potential Brexit delay

New Zealand reported a slight bigger-than-expected increase in exports for the month of September, but it failed to lift the New Zealand Dollar as a minor risk-off session unfolded during the Asian trading session.

Bearish momentum started to rise as the AUD/SGD advanced into its short-term resistance zone which has rejected price action on three previous occasions.

USDCAD: Bearish but more support closer to 1.3000 level

USDCHF Analysis: Resistance at 0.9900 holding so far

GBPUSD: More bearish on Brexit uncertainty

EURUSD: Gently bearish on Brexit uncertainty

At the beginning of this week, the price of the EUR/USD has been holding its gains between the 1.1138 support and the 1.1180 resistance, waiting any developments.