Forex Daily Forecast, Analysis and Prediction

After hitting one month lows while trading yesterday, AVAX/USD has produced a reversal upwards but some speculators may be suspicious of the move.

ETH/USD has staged a reversal higher in early trading this morning, but this has not swept away nervous sentiment which technically still remains vivid.

Strong gains for the US dollar from expectations of raising interest rates higher than previously expected contributed to the decline in the price of gold for six trading sessions in a row.

Expectations of raising US interest rates strongly during 2022 still support strong gains for the US dollar against the rest of the other major currencies.

The GBP/USD price entered the new week's trading to test a key level of support on the charts with only limited recovery prospects after a long string of losses.

Investors’ appetite for buying the US dollar increased amid sharp statements from Federal Reserve policy officials that it will be hawkish in raising US interest rates throughout 2022.

Support below $39k has kicked in again.

Ripple got hit hard on Monday as we continue to see a lot of volatility and risk assets across the board.

Neo fell again on Monday to pierce the $20 level.

The British pound fell on Monday to break down below the 1.28 handle.

The euro finally broken through support on Monday as the 1.08 region has been very stubborn.

Gold markets got crushed on Monday to break through the 50-day EMA and then fell down to break below the $1900 level.

The Australian dollar was sold off quite drastically on Monday as the US dollar continues to act as a wrecking ball against almost everything else.

Bitcoin fell a bit on Monday to break down and reach the $30,250 level.

The S&P 500 fell on Monday again to reach the 4200 level.