Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 was essentially a back-and-forth market over the last three days, and Tuesday was never going to be any different.

The US dollar rallied just a bit on Tuesday to break above the 15.50 rand level, only to see sellers come back into the market and push it back down.

The EUR/USD pair wavered in the overnight session as investors continued to assess the impact of the hawkish Fed and ECB on the respective currencies.

The BTC/USD pair retreated slightly in the overnight session as the strong recovery stalled.

The AUD/USD pair has been in a tight range in the past few days as investors assess the actions of the Reserve Bank of Australia (RBA) and the Federal Reserve.

A temporary halt to the gains of the US dollar was an opportunity for the gold market to achieve gains at the beginning of trading this week.

The price of the USD/JPY currency pair moved at the beginning of the new week's trading with upward gains to the resistance area 115.43 and settled around the 115.06 level at the time of writing the analysis.

For the second day in a row, the price of the GBP/USD currency pair is subjected to profit-taking operations after its strong gains recently, reaching the resistance level 1.3628.

The EUR/USD exchange rate has entered the new week's trading near three-month highs, but with the momentum behind its rally, the single European currency may now struggle to extend its recovery.

The Polkadot (DOT/USD) price retreated slightly on Tuesday as the strong recovery rally faltered.

The Avalanche (AVAX/USD) price jumped for the third straight day as cryptocurrency prices continued their bullish comeback.

The Dow Jones Industrial Average stabilized in its recent trading at intraday levels to achieve slight gains in its last sessions.

Natural gas prices fell as traders assessed the outlook for warmer weather patterns and the potential for weaker demand over the coming weeks.

The price of the Turkish lira fell against the dollar during today's trading where the lira continued to trade in a limited range.

A pivotal point today looks likely to be $1.1400.