Forex Daily Forecast, Analysis and Prediction

Bitcoin has fallen a bit during the trading session on Monday to break below the $39,000 level initially.

The DAX has initially pulled back just a bit during the trading session after gapping higher, filling the gap, and then turning right back around.

The BTC/USD pair declined below the important support at 40,000 as the cryptocurrencies and stocks sell-off continued.

The GBP/USD price remained close to its lowest level this month as the strength of the US dollar continued.

The EUR/USD price remained in a tight range on Monday and Tuesday morning as the market reflected on the rising bond yields.

The AUD/USD pair slipped to the lowest level since March 17th as investors reacted to the latest economic data from China.

Last week's trading was the most important for the bears to control the price performance of the EUR/USD currency pair, as the psychological support 1.0800 was finally breached.

In the first half of last week’s trading, the price of the GBP/USD currency pair succeeded in rebounding higher with gains to the resistance level 1.3147.

For more than a month, the price of the USD/JPY currency pair has been moving in a strong uptrend range amid a strong investor abandonment of the Japanese yen.

Although the strength of the US dollar and global central banks wanting to tighten their monetary policy throughout 2022, the price of gold continued to move within its upward path

Spot natural gas prices (CFDS ON NATURAL GAS) continued to rise during the recent trading at the intraday levels, to achieve new daily gains until the moment of writing this report, by 2.93%.

After the Dow Jones Industrial index recorded its highest level during its recent trading at 34,889.17, it rebounded from a decline to turn those early gains into losses at the end of trading by -0.33%.

The Turkish lira fell during the second trading day after the Turkish Central Bank’s decision to fix the interest rate last Thursday.

DOT/USD has taken another negative turn in early trading this morning, generating a strong spike lower as it now has a one-month low in sight.

XRP/USD has endured lower price action and after slipping again this weekend is testing support levels which are creating speculative opportunities.