Forex Daily Forecast, Analysis and Prediction

DOT/USD has taken another turn lower and is clearly within sight of important support levels, which speculators may consider critical inflection points.

The price is reaching new 18-month lows.

ZCash initially tried to rally on Wednesday as we rallied ever so slightly but then turned around to show signs of hesitation.

Gold markets broke down a bit on Wednesday as we threatened to take out the support underneath.

Silver markets went back and forth on Wednesday as we are threatening the $23.50 level.

The S&P 500 gapped a little bit lower to kick off the trading session on Wednesday, only to bounce significantly.

Ethereum went back and forth on Wednesday as we continue to hang around the $2800 level.

The euro fell rather hard on Wednesday to reach the 1.05 area.

The Australian dollar initially rallied on Wednesday to reach near the 0.72 handle.

The West Texas Intermediate Crude Oil market went back and forth on Wednesday as we continue to hang about the 50-day EMA.

The Canadian dollar bounced on Wednesday at the ¥99 level, an area that should capture a lot of attention because it has historically been very important.

Bitcoin rallied a bit on Wednesday, hanging on to the $37,500 support level.

The EUR/USD price crashed to the lowest level in five years as concerns about the Eurozone economy continued.

The BTC/USD pair remained in a tight range as Wall Street attempted to recover.

The AUD/USD pair crashed to the lowest level since February 22nd even after the strong Australian inflation data.