Forex Daily Forecast, Analysis and Prediction

The Ripple market initially tried to rally on Monday, but as you can see, we have simply turned around to sell off yet again.

The Ethereum market initially tried to recover the $3000 level on Monday, but as you can see, we have rolled over again, and it looks like we are trying to drift lower.

The US dollar fell against the Brazilian real on Monday, as it looks like we are hell-bent on trying to test the support level.

The Mexican peso rallied a bit against the greenback on Monday to crack down below the 200-day EMA yet again.

Crude oil markets remain elevated on Monday as concerns about the Russia/Ukraine situation continue to dominate the headlines.

Bitcoin markets fell a bit on Monday but found buyers underneath to continue to push the issue for stability.

Gold futures took off immediately on Monday, gapping much higher.

The euro initially tried to rally during the early hours on Monday but found the 50-day EMA to offer a little bit of resistance.

The S&P 500 fell a bit on Monday in the futures market but turned around to form a bit of a hammer.

The German DAX Index had a horrible session on Monday, gapping lower to kick off the future session and then simply continued falling.

The GBP/USD pair retreated in the overnight session as traders waited for the upcoming UK jobs and inflation numbers scheduled for Tuesday and Wednesday.

The EUR/USD pair retreated sharply in the overnight session after a speech by Christine Lagarde in which she reiterated about ECB policy.

The BTC/USD was relatively resilient in the overnight session even as American equities retreated on Ukraine fears.

The price of gold moved strongly upwards, reaching the resistance level of 1865 dollars an ounce, starting from the level of 1821 dollars an ounce on Friday

The USD/JPY bulls gained more momentum, especially after the announcement of stronger numbers than all expectations for US inflation.