Forex Daily Forecast, Analysis and Prediction

There is no doubt that the return of the US dollar’s recovery is an important factor to stop the pace of the recent gains in the price of an ounce of gold.

After three consecutive trading sessions during which the USD/JPY price attempted to recover, the pace of gains stopped around the 115.05 resistance level.

Since the start of trading this week, the US dollar has been trying to compensate for its recent losses against the rest of the other major currencies.

XRP/USD continues to hover near important lows after reversing higher and eventually running into strong headwinds on the 14th and 15th of January.

ETH/USD is challenging short-term support, and nervous sentiment has found little reason to suddenly become optimistic via speculative trends.

The euro is a relatively weak currency.

The Stellar Lumens market had a very quiet session on Tuesday as we are sitting on $0.25, an area that has been supportive more than once.

Monero fell apart on Tuesday right along with the rest of the crypto world.

The British pound broke down significantly on Tuesday to reach down towards the 200-day EMA near the 1.3580 level.

The euro initially tried to rally on Tuesday, but above the 1.14 level we have seen a lot of selling pressure, and then turned around quite drastically.

Bitcoin markets initially tried to rally a bit on Tuesday, but then gave back gains to show signs of negativity yet again.

Gold markets were extraordinarily volatile in a session that featured a lot of fear.

The FTSE 100 pulled back rather significantly during the trading session on Tuesday to show signs of “market memory”, as we are sitting on top of the previous channel.

The NASDAQ 100 futures market broke down rather significantly on Tuesday to not only break the back of the hammer from the Friday session, but also the 15,500 level, an area that had previously been supportive.

The S&P 500 sold off rather drastically on Tuesday to reach down below the 4600 level.