Forex Daily Forecast, Analysis and Prediction

The stellar market continued to go sideways around the $0.20 level, something that we have been doing since last week.

The NASDAQ 100 did rally significantly on Monday to show signs of life again.

The S&P 500 rallied a bit on Monday as traders came back from the weekend.

The US dollar fell rather hard on Monday to slice through the 50-day EMA and lose almost ½ a rupee.

The US dollar fell on Monday, as there was a little bit more of a “risk-on-appetite-driven rally” in all things not the greenback.

The BTC/USD pair remained in a tight range even after a major warning by a senior IMF official.

The GBP/USD pair wavered as investors continued to reflect on the report by Sue Gray on Downing Street parties.

The EUR/USD pair bounced back on the first day of the month as investors reflected on the latest economic data from the Eurozone.

LTC/USD has traded below July 2021 lows and is actually challenging support levels from December 2020 as February 2022 is ready to begin.

DOT/USD is ready to start February trading in the midst of a bearish trend, which is now bouncing along critical support ratios as speculators consider their next wagers.

Last week was disastrous for the price of an ounce of gold, as prices fell from the resistance level of 1854 dollars to the support level of 1780 dollars per ounce.

The price of the GBP/USD currency pair is stable at the time of writing the analysis, as it settles around the 1.3425 level.

Expectations of US interest rate hikes are still providing more strength to the US dollar against the other major currencies.

With the beginning of the new week’s trading, the price of EUR/USD is still suffering from downward pressure.

Spot natural gas prices (CFDS ON NATURAL GAS) rose during the recent trading at the intraday levels.