Forex Daily Forecast, Analysis and Prediction

The AUD/USD exchange rate darted upwards as the US dollar index (DXY) continued retreating.

My EUR/USD signal on 22nd March produced a nicely profitable long trade from the bullish doji which rejected the support level which I had identified at $1.0760 at the start of the London session that day.

The recovery of the EUR/USD exchange rate in March was undermined last week.

For the second day in a row, the price of the USD/JPY currency pair is trying to rebound to the upside to compensate for its recent sharp losses.

For two days in a row, the XAU/USD gold price was exposed to profit-taking sales, which brought it to the level of 1944 dollars an ounce.

The GBP/USD exchange rate came close to halting its March rally, but easing concerns about the banking sector and easing Fed tightening could support the pound above $1.21 this week

The price of the TRY/USD varied during early trading this morning, after the dollar pair against the lira recorded new highs at the end of last week, after the decision of the Turkish Central Bank to install the interest rate last Thursday at 8.5%.

The US Oil market, has rallied slightly during Monday's trading session, with the market trying to pick itself up from recent lows.

The S&P 500 index has been experiencing some turbulence lately, with the market hovering around the 200-Day EMA just above the 4000 level.

The USD/BRL ended its day near the 5.1955 ratios yesterday and the currency pair is testing values not demonstrated since the 10th of March.

NZD/USD speculators may be in the mood for more risk-taking in the short term as financial houses seemingly have brushed aside their concerns for the moment and indulged in buying.

The British pound experienced a small rally, with a relationship between interest rates in the Japanese yen influencing the currency's performance.

The XAU/USD currency pair experienced a significant drop in value during Monday's trading session, as interest rates in the United States rallied.

The USD/JPY rallied significantly during Monday's trading session, driven by an 11 basis points rally in the 2-year yield.

The silver market has seen some volatility during Monday's trading session, with a gap higher at the open, followed by a pullback below Friday's shooting star candlestick pattern.