Forex Daily Forecast, Analysis and Prediction

Bitcoin has done very little during the trading session on Tuesday as we continue to flounder around the $20,000 level.

Ethereum has fallen again during the trading session on Tuesday, although in very quiet action.

The DAX has pulled back a bit after gapping lower, filling the gap, and then dropping again before bouncing in the late hours of Tuesday.

The West Texas Intermediate Crude Oil market has fallen rather hard during the trading session on Tuesday to threaten the 200 Day EMA.

The Nikkei 225 has fallen ever so slightly during the trading session on Tuesday, as we continue to hang around the ¥26,500 level.

The GBP/USD price pulled back slightly ahead of the upcoming UK GDP and US consumer inflation data.

The EUR/USD price crashed to parity level as investors continued worrying about the European economy.

The AUD/USD pair dropped to the lowest level since June 2020 as the US dollar strength continued.

The USD/INR touched new highs in early trading today as the currency pair continues to show signs of its bullish trend remaining strong.

New long-term highs were made in the USD/JPY currency pair yesterday, as financial institutions absorbed another round of information from the U.S Federal Reserve.

With the beginning of this week’s trading, the gold price completed the broader downward path, as the US dollar continues its record gains.

The demand for the US dollar was strong at the beginning of this week's trading, amid a decline in global stock markets linked to renewed fears of more Chinese economic problems as a new outbreak of Covid-19 was reported in Shanghai.

The GBP/USD currency pair tried to maintain the resistance level of 1.20 but faced a battle to hold on to it in the coming days as it will be at risk of sliding towards the stronger support 1.18 and may face difficulties in extending any further advance far above the 1.21 level.

The EUR/USD dropped significantly last week before entering a circle of parity but rose smartly in time to close out the week and can now defy gravity by trading solidly above a temporary low around the 1.0020 level in the coming days.

The Dow Jones Industrial Average Index continued the corrective rise during its recent trading at the intraday levels, very slightly.