Forex Daily Forecast, Analysis and Prediction

The direction of the USD/TRY is moving in one direction without a correction.

In the middle of this week’s trading, gold tried to rebound higher, but its gains did not exceed the level of $1836.

After attempts to rebound higher with gains to the level of 1.0564, it returned to decline in its broader path down to the level of 1.0460 at the time of writing the analysis.

The pair was sold off, reaching 128.00.

Sterling fell strongly after the UK's headline CPI inflation recorded 9.0% yeary-on-year, lower than the 9.1% market had been expecting, but remarkably up from 7.0% recorded in March.

The Dow Jones Industrial Average slipped during its recent trading at the intraday levels, to break a series of gains that lasted for three sessions.

SHIB/USD is traversing dangerous support levels as its backers apparently hang on with a fragile grip, and speculators try to take advantage of its price range.

BNB/USD is traversing near important short-term support, and the potential combination of troubling behavioral sentiment may spark volatile conditions near term.

The German DAX index broke down significantly on Wednesday as the €14,250 level continues to offer significant resistance.

The West Texas Intermediate Crude Oil market pulled back on Wednesday as we continue to trade in a significant channel.

The US dollar rallied just a bit on Wednesday to show signs of life as the 1.28 level has offered support.

The S&P 500 pulled back rather drastically on Wednesday as the negative pressure continues to be drastic.

The Parisian CAC pulled back rather significantly on Wednesday as we had approached the 50-day EMA, and then pulled back rather drastically.

The pair remains vulnerable to a bearish breakdown due to the long-term trend.

The market in Stellar initially tried to rally but then rolled over to show signs of weakness.