Forex Daily Forecast, Analysis and Prediction

For the second week in a row, the price of the USD/JPY currency pair stabilizes in a limited path trying to get out of the downward channel.

The GBP/USD exchange rate put a siege to six-month highs in recent trading, but uncertainty over this week's interest rate decisions and US economic data could prevent further recovery in the coming days.

The TRY/USD stabilized during early trading today, Tuesday, a day after the lira recorded new levels of decline during yesterday's trading, as the lira reached its lowest level ever against the dollar.

The Australian dollar has been overbought for some time, and therefore a little bit of a pullback makes quite a bit of sense.

The euro has been slightly positive during the trading session on Monday, as we continue to wait on the FOMC meeting on Wednesday.

Gold markets initially trying to rally during the training session on Monday, but we continue to see a bit of hesitation just above.

The USD/JPY currency pair has rallied a bit during the trading session again on Monday, as we continue to form a basing pattern.

The West Texas Intermediate Crude Oil market drifted a bit lower during the trading session on Monday but did bounce from the ultimate lows.

The EUR/JPY currency pair pulled back just a bit, but then turned around to show signs of life as we had bounced from the 200-Day EMA.

The Federal Reserve has a meeting on Tuesday and Wednesday, and that is almost certainly going to be the main driver of what happens next.

The NASDAQ 100 pulled back during the trading session on Monday, as the 200-Day EMA has caused a little bit of resistance.

The ETH/USD has pulled back during the session on Monday, as we continue to see the Ethereum market consolidate between the 200-Day EMA underneath and the $1700 level above.

The BTC/USD market has pulled back just a bit during the trading session on Monday, as we are starting to see more of a hesitant market for Bitcoin, and therefore we could see this market drop down rather drastically.

The USD/MXN is trading near the 18.74000 level as of this writing.

The Dow Jones Industrial Average fell in its recent trading on intraday levels, breaking a series of gains that lasted for six consecutive sessions, recording losses in its last sessions by -0.77%.