Forex Daily Forecast, Analysis and Prediction

For the second week in a row, the price of the EUR/USD currency pair is moving in narrow ranges.

Gold prices continued to decline, losses of the yellow metal this week, and reached the support level of $ 1832 for an ounce, the lowest in three months.

The stability around the highest levels in 20 years still characterizes the performance of the currency pair USD/JPY characterizes the performance of the currency pair for two consecutive weeks.

For four consecutive trading sessions, the price of the GBP/USD currency pair is stabilizing amid a strong and sharp bearish momentum that pushed it towards its lowest level in two years.

The Turkish lira fell by about half a percent during trading today, Wednesday, as the US dollar continued to rise due to the pressures caused by inflation on the local currency price.

Spot natural gas prices (CFDS ON NATURAL GAS) rose in their recent trading at the intraday levels, to achieve new daily gains until the moment of writing this report, by 1.98%.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses for the fourth consecutive day, by -0.26%, to lose about 84.96 points.

SHIB/USD has suffered a strong selloff like many of its major cryptocurrency counterparts the past week of trading and important lows are being challenged.

ETH/USD is still within the lower part of its long term price range, as support levels try to hold back selling and reversals higher fail to impress.

The market is awaiting US CPI data.

The Dogecoin market fell on Tuesday to reach the $0.10 level, an area that would obviously attract a certain amount of attention, as these markets do tend to pay close attention to these round numbers.

The FTSE 100 was all over the place Tuesday as we have broken below the 200-day EMA and the previous 24 hours.

The Euro Stoxx 50 rallied rather significantly after dropping in the early hours on Tuesday, as it looks like the oversold condition has caused a bit of profit-taking.

The S&P 500 initially tried to recover on Tuesday, but as you can see we have given back all of the gains to show signs of extreme weakness.

ZCash went back and forth on Tuesday as we continue to see crypto markets look very soft.