Forex Daily Forecast, Analysis and Prediction

The BTC/USD has rallied slightly during the Wednesday session as we continue to go sideways around the $20,000 level.

Spot natural gas prices (CFDS ON NATURAL GAS) decreased in the recent trading at the intraday levels.

Despite the strong movement during the early trading, the price of the USD/TRY returned to settle at the same levels that it has been trading at for nearly a month.

The Dow Jones Industrial Average declined in its recent trading at the intraday levels, registering record losses for the fourth consecutive day.

The NZD/USD continues to demonstrate a bearish trend and is traversing near important lows.

The US dollar fell slightly during the trading session on Wednesday but continues to levitate against the Japanese yen.

The GBP/USD initially rallied on Wednesday but gave back the gains rather quickly as it looks like we are threatening the 1.16 level now.

The S&P 500 initially tried to rally during the trading session on Wednesday but gave back gains as it continues to look like the market is ready to go much lower.

The NASDAQ 100 has initially gapped higher to kick off the trading session on Wednesday to show signs of life.

The AUD/USD initially tried to rally during the trading session on Wednesday but gave a gain rather quickly as we continue to see a lot of negativity.

The USD/JPY is trading above the 139.000 level as of this writing.

The GBP/USD continued its bearish trend as the US dollar strength continued and as concerns about the upcoming steep recession in the UK.

The EUR/USD price tilted upwards after the latest European consumer inflation data.

The BTC/USD continued consolidating on Wednesday morning as investors waited for the next catalyst and as the US dollar rose.

My previous signal last Monday was not triggered, as there was no bearish price action the first time the price reached the resistance level which I had identified at 0.6884 that day.