Forex Daily Forecast, Analysis and Prediction

On Monday, the Australian dollar attempted to rally but faced significant resistance.

The NZD/USD is currently within the middle ground of its one-week trading range, highlighting the heightened sense of unknown which exists in the broad Forex markets currently.

The USD/SGD is near the 1.33900 ratio as of this writing.

The USD/CHF has gone back and forth during the trading session on Monday, as we continue to dance around the 50-Day EMA.

The US dollar initially attempted to rally against the Japanese yen during Monday's trading session but has since plunged due to the ongoing volatility in interest rate markets worldwide.

On Monday, the GBP/JPY initially rallied but then pulled back toward the ¥159.10 level.

The gold market experienced a significant rally during Monday's trading session, testing the crucial $2000 level.

The EUR/USD started off strong on Monday, with an initial gap up, but then fell drastically to pierce the 50-Day EMA.

The GBP/USD price continued soaring as the financial market took a reprieve following the failure of Credit Suisse, the second-biggest bank in Switzerland.

The US dollar index pulled back to $103 as an uneasy calm resumed in the market on Monday.

Bitcoin has emerged as one of the biggest winners of the ongoing banking crisis.

My last signal on 15th March did not trigger any trades, as unfortunately the bullish price action that took place a few pips below the support level which I had identified at $0.6599.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of March 19th, 2022 here.

Since the middle of last week’s trading, the price of the euro currency pair against the dollar, EUR/USD, has been exposed to selling operations.

The TRY/USD settled near its all-time low, which was recorded during the past week.