Forex Daily Forecast, Analysis and Prediction

Ethereum price has been in a consolidation mode in the past few days as investors reflect on last week’s crash of Terra and the extremely hawkish statement by Jerome Powell.

Cardano price has been in a spectacular sell-off as concerns about the crypto industry continues.

The price has room to rise to $33,445.

Gold markets initially rallied on Tuesday as we gapped higher.

The US dollar fell against the Brazilian real on Tuesday as we have broken below the 5.00 BRL level.

The US dollar fell a bit on Tuesday to break down below the 20 pesos level.

The S&P 500 rallied a bit on Tuesday but still sits below a major resistance barrier.

The Bitcoin market initially rallied on Tuesday but gave back gains above the $30,000 level.

The West Texas Intermediate Crude Oil market rallied early on Tuesday as we continue to see upward momentum.

Neo has done nothing for the last several days, and it does not look as if it has any real hope of recovering for a longer-term move.

Ripple has done almost nothing on Tuesday as we continue to see crypto markets do nothing as well.

The German DAX Index rallied on Tuesday as we continue to see money flow back into equities in general.

The FTSE 100 rallied again on Tuesday but looks as if it is going to have quite a challenge ahead of it.

The GBP/USD pair found some support at its lowest level since May 2020 after the strong UK employment numbers.

The EUR/USD pair rallied to the highest level since May 11th ahead of the upcoming Euro area consumer inflation data.