Forex Daily Forecast, Analysis and Prediction

The BTC/USD price continued its cautious recovery as investors predicted that the rising inflation in the United States may have peaked.

The AUD/USD price jumped to a key resistance level as the US dollar sold off following the strong American inflation data.

The control of the bulls is getting stronger on the price performance of the GBP/USD currency pair.

There is no doubt that the recent decline of the US dollar allowed the price of an ounce of gold to continue recording its gains for the third consecutive session.

For the sixth day in a row, the price of the US dollar against the Japanese yen (USD/JPY) currency pair is moving amid a downward correction.

US Central Bank Governor Jerome Powell hints that a faster increase in inflation may negatively affect the recovery of the US labor market.

Solana price reached its 50% retracement from its record high made last year just a few days ago at $130.

XRP/USD remains locked within a difficult bearish trend which has shown few signs of relenting.

ETH/USD was able to fight higher in the past day and touched resistance above that was last seen as a legitimate value on the 8th of January.

The US dollar has crashed through the 200 day EMA against the Canadian dollar on Tuesday as the crude oil markets have broken out to the upside.

The German market initially dipped just slightly, but then turned around to show signs of strength as we have broken above the €15,950 level.

The Euro has rallied a bit during the course of the trading session on Tuesday as Jerome Powell spoke in front of the United States Senate.

The British pound has rallied during the trading session on Tuesday as Jerome Powell spoke in front of the Senate.

Bitcoin has rallied a bit during the course of the trading session on Tuesday to break above the top of the hammer that was printed on Monday.

Polkadot has rallied significantly to break above the $25 level on Tuesday as it looks like the “risk on” attitude of the markets have come back.