Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 initially fell on Tuesday but has turned around to smash into the 200-day EMA.

The US dollar was subjected to selling operations recently to take profits after its sharp gains due to the expectations of raising US interest rates, which allowed the gold market to recover yesterday.

The US dollar may be set for a softer February month according to analysts, a view that could carry a return to its 2022 highs for the pound-dollar exchange rate.

The S&P 500 rallied a bit on Tuesday to test the overall 4500 range.

Since the start of trading this week, the price of USD/JPY has been subjected to profit-taking after the storm of support for the dollar passed by the US Federal Reserve.

The EURUSD price regained the 1.12 resistance at the beginning of this week's trading, but a close group of technical resistance on the charts

Monero was relatively quiet on Tuesday as we continue to look at the $150 level as a little bit of resistance.

The West Texas Intermediate Crude Oil market went back and forth on Tuesday which should not be a huge surprise due to the fact that we have seen quite a bit of volatility over the last couple of days.

Bitcoin rallied a bit but gave back some of the gains to show signs of hesitation.

Gold markets spiked initially on Tuesday but have given up early gains as both the 50-day and the 200-day EMA indicators seem to be too much for the market.

Litecoin rallied just a bit on Tuesday to reach above the $114 level.

The GBP/USD held steady on Wednesday morning as investors reflected on the strong economic data from the UK and US.

The BTC/USD pair jumped to above 39,000 for the first time since January 22nd as the recovery continued.

The AUD/USD darted higher as investors started pricing in a rate hike by the Reserve Bank of Australia (RBA).

Today’s trading started off positive for EUR/USD as the pair jumped to the resistance level of 1.1247. It is bouncing back from the 1.1122 support level that it recorded last week