Forex Daily Forecast, Analysis and Prediction

The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains for the second day in a row by 0.15%, to add to the index about 47.79 points.

Spot natural gas prices fell in their recent trading at the intraday levels, to record daily losses until the moment of writing this report, by -2.18%.

The EUR/GBP is trading at short term highs and challenging Wednesday’s resistance levels as of this writing.

The USD/CAD is flirting with short term lows and the trend for the currency pair suddenly is starting to show signs of bearishness, but is it real?

Bullish above the support level at $1.1958.

The West Texas Intermediate Crude Oil market gapped lower to kick off Wednesday but then turned around to recapture the $100 level.

The USD/JPY currency pair did very little Wednesday as we continue to levitate at high levels.

The GBP/USD currency pair initially tried to rally Wednesday but gave back gains as we continue to see the 1.20 level offers a significant amount of noise.

The AUD/USD currency pair initially tried to rally Wednesday but gave up any type of momentum and ended up forming a bit of a shooting star.

The S&P 500 Index rose again Wednesday as we continue to see this market recover.

The NASDAQ 100 Index rallied significantly on Wednesday to break above the resistance barrier that has been so difficult to deal with over the last several weeks.

XAU/USD had a rough session on Wednesday as we are now below the $1700 level.

The EUR/USD currency pair initially rallied Wednesday but gave back gains rather quickly as the area above the 1.02 level offered too much resistance.

Ethereum did very little Wednesday, but it is impressive that we could hang about this area for as long as we have.

BTC/USD has powered quite handily above the 50-Day EMA, and now it looks like we are going to see an attempt to break out even further.