Forex Daily Forecast, Analysis and Prediction

The BTC/USD pair bounced back on Wednesday as investors reacted to the relatively weaker US dollar and the executive order by Joe Biden.

In late trading last night XRP/USD nearly touched the 78 cents level, but in the past handful of hours Ripple has suffered a sharp reversal lower and is within sight of crucial support levels.

The Bitcoin market broke higher during the course of the trading session on Wednesday to reach towards the 50 Day EMA.

For the second day in a row, the price of the EUR/USD currency pair is trying to recover from the recent collapse that pushed it towards the 1.0806 support level, its lowest since May 2020.

Gold prices rose sharply on Tuesday as the price of gold jumped towards the resistance level of $ 2070 an ounce, near the top of the fears of the COVID-19 pandemic.

For three trading sessions in a row, the exchange rate of the US dollar against the Japanese yen is moving in an upward correction range with gains that reached the resistance level 115.92.

Sterling remains vulnerable to further losses against the dollar if geopolitical tensions remain elevated.

The Dow Jones Industrial Average continued to decline during its recent trading at the intraday levels, to record losses for the fourth consecutive session, by -0.56%.

Natural gas futures fell for a second day in a row.

The lira continued to decline against the dollar amid the acceleration of geopolitical events, as the US President announced a ban on Russian oil imports.

AVAX/USD has produced a quick reversal higher this morning as it has mirrored fast results seen in the broad cryptocurrency market.

SHIB/USD has seen a sudden reversal higher develop in early trading today as it correlates to the broad cryptocurrency marketplace.

There is a medium-term double bottom at $37,179.

Corn futures markets dipped a bit on Tuesday as we continue to see grains take center stage.

The German DAX Index rallied rather significantly on Tuesday to wipe out the losses from Monday.