Forex Daily Forecast, Analysis and Prediction

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.

The Dow Jones Industrial Average jumped, rising in its recent trading at the intraday levels to achieve sharp gains in Wednesday's trading by 1.65%.

SHIB/USD has suffered from a strong bearish trend during January, and as the month of February gets ready to start, dangerous lows are being tested.

BNB/USD has traded lower this morning following in the steps of the other major cryptocurrencies as nervousness seemingly erupts again.

In late trading on Sunday XRP/USD slipped lower and fell through the 60 cents level, which brings important long-term support levels into view.

XRP/USD is trading within sight of important July 2021 values as Ripple has continues to traverse lower and test important support levels.

The Turkish lira rose during the early trading of the day to reach its highest level in ten days.

Support at $1.3441 looks likely to be pivotal today.

The S&P 500 initially fell on Friday, but it looks like we are trying to stabilize a bit near the 4250 level.

The British pound initially rallied on Friday but gave back gains as we continue to see plenty of exhaustion to the downside.

The euro went back and forth on Friday as we tried to stabilize after the massive selloff during the Thursday session.