Forex Daily Forecast, Analysis and Prediction

The value of DOGE/USD has essentially been torn into half the past week of trading as the broad cryptocurrency market remains agitated.

ETH/USD is trying to remain above important mid-term support levels as value continues to erode and sentiment stays nervous.

The euro rallied a bit during the trading session on Monday to recover quite nicely.

The British pound rallied a bit during the trading session on Monday to break above the 1.39 handle, wiping out the losses from the previous session on Friday.

The DAX initially dropped during the trading session on Monday, dipping below the 50-day EMA before recovering quite nicely.

The market has been bullish for what seems like a lifetime, and every time we fall out of bed the Federal Reserve is there to say the day.

This is a market that looks as if it is ready to go higher, as the Federal Reserve will do everything it can to keep the market afloat.

The 0.7500 area is the level to watch today.

The price must break below 1.1850 for bearish momentum to continue.

By breaking through the $1.50 level, Cardano has shown a real proclivity to continue falling, especially now that we are finally closing underneath the $1.40 level.

The market has seen a complete turnaround and perhaps a little bit of “walking back the narrative” by the Federal Reserve, as the US dollar has calmed down.

The gold market rallied a bit during the trading session on Monday to reach towards the $1785 level.

The Australian dollar rallied a bit during the trading session on Monday to reach towards the 200-day EMA.

Bitcoin initially tried to rally during the trading session on Monday but found pressure at the 200-day EMA to turn things around.

The GBP/USD staged a strong recovery on Monday as Forex traders refocused on the upcoming Bank of England (BoE) interest rate decision.