Forex Daily Forecast, Analysis and Prediction

For three consecutive trading sessions, the price of the USD/JPY currency pair has been moving in the midst of a rebound to the upside.

I have often mentioned the possibility of profit-taking selling of the XAU/USD (gold) price after its recent strong gains on the impact of the weakness of the US dollar, reaching the resistance level of $2048 an ounce.

The USD/MXN has turned lower in the past handful of hours; this comes on the heels of a reversal higher yesterday which correlated to the broad Forex market.

The USD/ZAR moved higher yesterday, this after the currency pair was near lows late last week while trading slightly above the 18.00000 level from late Thursday until early Monday.

The USD/JPY has managed to gain a bit of momentum during Monday’s trading session, particularly against the Japanese yen.

The GBP/JPY pair has been trading in a tight range lately, with a lot of back-and-forth movement.

The silver market showed very little movement on Monday, after a drastic sell-off on Friday.

The GBP/USD has been displaying some interesting behavior during the Monday trading session.

The EUR/USD pair dropped sharply on Monday and Tuesday morning as the US dollar index continued rising.

Bitcoin has lost momentum as investors reflect on the hawkish statement by Fed’s Christopher Waller on the next actions.

The AUD/USD pair remained under pressure on Tuesday after the latest China GDP numbers and the Reserve Bank of Australia (RBA).

My previous GBP/USD signal on 28th March was not triggered.

The Natural Gas market has gapped higher during Monday's trading session, which indicates that it's trying to find the top of a range.

The Gold market started with a rally during Monday's trading session, but it gave back the gains and showed signs of weakness again.

The EUR/USD has fallen below the 1.10 level during Monday's trading session, and the market continues to see a lot of noise.