Forex Daily Forecast, Analysis and Prediction

The Bitcoin market has broken out above the recent resistance to reach towards the $54,000 level.

The AUD/USD price downward trend continued ahead after relatively dovish comments by RBA Governor Philip Lowe.

The EUR/USD price retreated in the American and Asian sessions as traders waited for the important US inflation data and the European Central Bank (ECB) decision.

DOT/USD has produced a solid incremental trend higher since the end of February and speculators may be targeting early March highs.

Gold prices continued to collapse as Treasury bond yields and the US dollar continued to rise and pushed investors to abandon the yellow metal.

The pound is trying to withstand the recent strength of the US dollar, supported by investor optimism towards the pace of British vaccinations.

The announcement of slow Japanese economic growth on Tuesday morning was an additional impetus for the USD/JPY to push to the 109.23 resistance level.

For the second week in a row, the EUR/USD is continuing its bearish correction.

UNI/USD is traversing near record highs in early trading today as the broad cryptocurrency market has been energized again.

The USD/ZAR is trading near important mid-term resistance levels as the Forex pair’s trend produces nervous technical conditions.

The USD/INR delivered a large amount of volatility late last week, but the Indian rupee remains attractive technically.

Bulls face barriers at and below the big quarter-number.

The West Texas Intermediate Crude Oil market initially shot higher during the trading session on Monday as it was reported that Houthi rebels had attacked a Saudi oil pipeline again.

The US dollar fluctuated during the course of the trading session on Monday as we have seen a bit of a hesitant market.

The DAX broke higher during the course of the trading session on Monday to break above the 14,250 level.