Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially rallied on Wednesday again, testing the 200 Day EMA.

The NASDAQ 100 initially tried to rally during the trading session on Wednesday but gave back against the show of lackluster returns.

Gold markets have initially fallen during trading on Wednesday, reaching below the $1730 level before turning around and forming a bit of a hammer.

The BTC/USD tried to rally during the day on Wednesday but continues to see plenty of sellers just above the push at lower.

The GBP/USD price continued its recovery after the relatively positive economic data from the UK and dovish minutes by the Federal Reserve.

The BTC/USD price rose slightly on Wednesday and Thursday morning as more revelations of FTX collapse emerged.

The AUD/USD price bounced back after the Federal Reserve minutes pointed to lower interest rate hikes going forward.

In my previous analysis of the EUR/USD currency pair last Monday, I thought that we had a weakly bearish environment now.

The USD/CHF has fallen rather hard during the trading session on Wednesday, as the Swiss franc has taken full advantage of it.

The EUR/USD rallied again during the trading session on Monday, as the PMI figures coming out of the United States showed contraction.

The EUR/GBP has fallen hard during the trading session on Wednesday, reaching down to the 200-Day EMA, right at the 0.86 GBP level.

The GBP/USD has rallied significantly during the session on Wednesday, to break above the psychologically important 1.20 level.

The AUD/USD has rallied a bit during the trading session on Wednesday, as the world is waiting for the FOMC Meeting Minutes.

Despite the recent gains of the EUR/USD currency pair, which recently affected the resistance level 1.0482, it stabilized after selling operations around the level of 1.0292 at the time of writing the analysis.

The Turkish currency maintained a limited range against the US dollar during trading today, Wednesday.