Forex Daily Forecast, Analysis and Prediction

In late trading on Sunday XRP/USD slipped lower and fell through the 60 cents level, which brings important long-term support levels into view.

XRP/USD is trading within sight of important July 2021 values as Ripple has continues to traverse lower and test important support levels.

The Turkish lira rose during the early trading of the day to reach its highest level in ten days.

Support at $1.3441 looks likely to be pivotal today.

The S&P 500 initially fell on Friday, but it looks like we are trying to stabilize a bit near the 4250 level.

The British pound initially rallied on Friday but gave back gains as we continue to see plenty of exhaustion to the downside.

The euro went back and forth on Friday as we tried to stabilize after the massive selloff during the Thursday session.

The Ethereum market rallied pretty significantly in the sense that we are closing at the top of the range.

The NASDAQ 100 dropped a bit on Friday to test the bottom of the overall consolidation range.

The US dollar initially pulled back just a bit on Friday only to turn around and show signs of strength yet again.

Gold markets fell significantly on Friday to reach down towards the $1780 level.

Bitcoin rallied just a bit on Friday, as we continue to hang about in the same general vicinity.

The FTSE 100 initially tried to rally on Friday but then gave back gains to show signs of weakness.

The West Texas Intermediate Crude Oil market rallied for the second day in a row on Friday, but also saw selling pressure at the highs like we did for the second day in a row.

The EUR/USD is hovering near its lowest level since 3rd June 2020 as investors weighed the diverging performance of the Eurozone and the US economies.