Forex Daily Forecast, Analysis and Prediction

The sharp gains of the US dollar strongly contributed to the collapse of the gold price to the level of 1805 dollars an ounce.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses for the fifth consecutive day, by -0.50%, to lose the index towards -151.91 points.

In yesterday’s trading SOL/USD tested long term price levels not sincerely tested since April of 2021, a slight reversal higher that took Solana to a short term high of nearly 30.0000.

XRP/USD has sunk to depths not seen since January of 2021 as it hovers near the 30 cents ratio in early trading this morning.

The West Texas Intermediate Crude Oil market initially rallied on Tuesday but gave bank gains yet again as we continue to see plenty of volatility.

Cardano tried to rally a bit on Tuesday but gave back quite a bit of the gain.

Ethereum went back and forth on Tuesday as we are trying to catch a breath after a major selloff.

The NASDAQ 100 went back and forth on Tuesday as we are trying to stabilize.

The S&P 500 fell again on Tuesday to show signs of weakness yet again.

The price is more bullish above 0.6918.

The German DAX Index initially tried to recover a bit on Tuesday but turned around and fell apart.

Gold markets initially tried to rally on Tuesday but then turned around to show scenes of exhaustion yet again.

The Bitcoin market went back and forth on Tuesday as we continue to see negativity, but eventually, the market needs to take a bit of a breath.

The euro rallied a bit on Tuesday but gave up the early gains to show signs of weakness yet again.

The British pound tried to recover a bit on Tuesday but then collapsed at the 1.22 level to turn around and fall straight through the floor.