Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 fell rather hard on Wednesday again, as it looks like the market simply cannot quite find its footing.

The S&P 500 pulled back just a bit on Wednesday, albeit ever so slightly.

The West Texas Intermediate Crude Oil market initially pulled back on Wednesday, but then turned around to rally significantly and take out the $70 level.

The crypto sector has been exhibiting bearish signs over the past ten days.

The GBP/USD rose to the highest level since November 9th as hopes of a more hawkish Bank of England (BOE) rose.

The EUR/USD held steady even as an energy crisis in the European Union continued.

The AUD/USD pair tilted upwards in the overnight session even after the latest surge of Australian Covid-19 cases.

The price of the euro against the dollar entered 2022 with its highest levels in six weeks, but there will be a strong battle to hold above the 1.13 level if the dollar returns to rise.

Despite the strong gains of the US dollar against the rest of the other major currencies, the GBP/USD pair showed steadfastness.

The Japanese yen fell against the rest of the major currencies with the continued pressure on the Japanese economy from the effects of the pandemic.

For the second day in a row, the price of gold is trying to recover from the losses of the first trading session for the year 2022.

SHIB/USD remains within a bearish stance, and the speculative asset is within sight of important support which may be causing speculative nervousness to grow.

ETH/USD is fighting for value in a rather consolidate price ranged, but the cryptocurrency is also experiencing an incremental decline technically.

There will likely be strong support at $1.1261.

The West Texas Intermediate Crude Oil market rallied a bit on Tuesday to show signs of life and break through a very short-term resistance barrier.