Forex Daily Forecast, Analysis and Prediction

XRP/USD is challenging long-term support levels with prices not seen since March of 2021, as broad cryptocurrency market nervousness rips through the trading landscape.

The US dollar rallied nicely against the Mexican peso on Monday, continuing a bounce that we have seen since mid-last week.

The euro went back and forth on Monday as we continue to respect the 1.05 level as support.

The Australian dollar broke significantly lower on Monday to break down below the 0.70 level.

The S&P 500 gapped lower in the futures markets to kick off the trading week on Monday, opening up just below the 4100 level.

The US dollar rallied a bit on Monday, as it looks like we are getting ready to threaten the 5.15 real level.

Monero got eviscerated on Monday to show signs of extreme weakness, as the 50-day EMA has offered a bit too much in the way of resistance.

The West Texas Intermediate Crude Oil market pulled back a bit on Monday as we continue to see a lot of volatility in the markets overall.

Bitcoin got eviscerated on Monday to break down below the $32,000 level.

The gold markets fell on Monday to reach the 200-day EMA yet again.

Ethereum has lost 15%, or $400, to kick off the Monday session.

The 0.6926 is holding as support.

The GBP/USD pair attempted to crawl back during the American session as the US dollar continued strengthening.

The EUR/USD is stuck close to the lowest level this year as investors focused on the interest rate decision by the Federal Reserve and the average US jobs data.

The BTC/USD declined to the lowest level since July 23rd this year, which was about 52% from its highest level last year.