Forex Daily Forecast, Analysis and Prediction

The S&P 500 has spent most of the month rallying in the face of a whole slew of issues.

The West Texas Intermediate Crude Oil market was very noisy during the month of March, so we need to be very cautious about jumping “all in”.

The NASDAQ 100 rallied during March, breaking above the 15,000 level again.

The British pound has had a rough March, as we have fallen hard, bounced, and then turned around to fall hard yet again.

The euro had another weak showing for the month of March, as we had previously been selling off.

Gold markets were very choppy during March but are sitting on a major support level.

DOGE/USD has been able to achieve gains the past two weeks of trading, but short-term selling has been seen due perhaps to profit taking.

ETH/USD has stayed within sight of short-term highs, as the cryptocurrency has displayed an ability to sustain its gains and not falter wildly.

The Australian dollar initially collapsed on Wednesday but then turned around to show signs of life yet again.

The S&P 500 continues to run straight up in the air in what will almost certainly be thought of as a “melt-up.”

Litecoin markets went back and forth on Wednesday as we are trying to catch our breath after a bigger move higher.

Neo went back and forth on Wednesday to break above the $27.50 level, but it has not shown any real strength one way or the other.

The euro broke higher on Wednesday as rumors broke out that perhaps the Russians and the Ukrainians could come to some type of peace agreement.

Keep in mind that the market does tend to be very choppy, so I would not be looking for huge moves at any one time.

Bitcoin pulled back just a bit on Wednesday but found plenty of buyers underneath the turn things around.