Forex Daily Forecast, Analysis and Prediction

For three trading sessions in a row, the exchange rate of the US dollar against the Japanese yen is moving in an upward correction range with gains that reached the resistance level 115.92.

Sterling remains vulnerable to further losses against the dollar if geopolitical tensions remain elevated.

The Dow Jones Industrial Average continued to decline during its recent trading at the intraday levels, to record losses for the fourth consecutive session, by -0.56%.

Natural gas futures fell for a second day in a row.

The lira continued to decline against the dollar amid the acceleration of geopolitical events, as the US President announced a ban on Russian oil imports.

AVAX/USD has produced a quick reversal higher this morning as it has mirrored fast results seen in the broad cryptocurrency market.

SHIB/USD has seen a sudden reversal higher develop in early trading today as it correlates to the broad cryptocurrency marketplace.

There is a medium-term double bottom at $37,179.

Corn futures markets dipped a bit on Tuesday as we continue to see grains take center stage.

The German DAX Index rallied rather significantly on Tuesday to wipe out the losses from Monday.

The West Texas Intermediate Crude Oil market rallied rather significantly again on Tuesday as we continue to see a lot of concerns when it comes to oil disruption, especially as the Biden administration has now banned all Russian imports into the United States.

The US dollar initially tried to rally against the South African rand on Tuesday but continues to dance around the 50-day EMA.

Bitcoin markets rallied just a bit on Tuesday to show signs of life again.

Ethereum markets bounced a bit on Tuesday as the $2500 level seems to have held again.

Ripple did very little on Tuesday as we continue to look for some type of catalyst to get moving.