Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair declined slightly as traders waited for the upcoming Federal Open Market Committee (FOMC) interest rate decision.

The BTC/USD pair made a strong recovery after its deep sell-off during the weekend.

The AUD/USD pair tilted lower in the morning as investors reacted to the strong Australian Consumer Price Index (CPI).

During the beginning of this week's trading, gold prices continued to rise, as investors sought to buy safe assets amid intense selling in global stock markets.

At the end of last week’s trading, the price of the USD/JPY currency pair moved amid bearish momentum, which subsequently moved towards the 113.46 support level

The bears succeeded in pushing the price of the GBP/USD currency pair to breach the most important 1.3500 support.

The EUR/USD exchange rate recovered in early January last week when global market volatility and heavy selling in US bonds wrecked the yield advantage that could keep the US dollar and Euro weak.

ADA/USD has broken through critical support levels and is testing values not demonstrated since February of 2021.

DOGE/USD speculators are being confronted by long-term technical charts which show the cryptocurrency is confronting lower values not seen since April 2021.

The pair remains prone to sharp downwards price movement.

Dash fell rather hard over the last couple of sessions, and on Monday managed to plunge below the $100 level.

Bitcoin markets have plunged quite drastically to reach towards the $33,350 level on Monday in the latest round of panic trading.

Gold markets went back and forth on Monday as we continue to see a lot of volatility in general.

The S&P 500 sliced through the 200 day EMA on Monday, kicking off a fresh new wave of selling pressure.

The NASDAQ 100 fell significantly yet again on Monday but saw enough buying pressure late in the day to turn things around and form a massive hammer.