Forex Daily Forecast, Analysis and Prediction

Price is close to 2.5 year high on strong Dollar.

The West Texas Intermediate Crude Oil market has gone back and forth during choppy trading on Wednesday, as we continue to see a lot of questions asked about the direction of the world economy.

The USD/CAD has rallied again during the trading session on Wednesday, as we are threatening to break out above the 1.38 level.

Gold markets have sold off drastically during the trading session on Wednesday as we continue to see a lot of strength in the US dollar and of course the US interest rates.

The DAX has shown itself to be negative during the trading session on Wednesday as we are reaching toward the 50-Day EMA.

The BTC/USD has done very little during the trading session on Wednesday as we continue to simply go back and forth in a very tight range.

The USD/ZAR price has been in a strong bullish trend this year as the US dollar index continued surging amid an extremely hawkish Federal Reserve.

The GBP/USD price retreated slightly as the market focused on the political situation in the UK.

The EUR/USD price retreated as the US dollar made a strong comeback on Wednesday.

The BTC/USD price continued consolidating in the Asian session as bond yields rose and American stocks pulled back.

The AUD/USD price continued dropping as investors focused on the latest Australian jobs data.

The GBP/USD has fallen during the trading session on Tuesday as we continue to see overall selling pressure.

The euro has fallen against the greenback yet again during the trading session on Wednesday, as the common currency continues to act as a punching bag.

The US dollar has rallied a bit during the trading session again on Wednesday as we continue to see the Japanese yen get crushed.

Although the day was not necessarily overly negative, it is worth noting that the NASDAQ 100 formed an inverted candlestick rain and a previous support level.