Forex Daily Forecast, Analysis and Prediction

The USD/ZAR has rebounded from early lows and has broken short-term technical resistance as it trades near a high, but the Forex pair remains in a known range.

There is low volatility but a valid long-term trend.

The US dollar fell rather hard against the Norwegian krone on Tuesday as we are approaching the 8.93 handle.

The DAX rallied significantly on Tuesday, as it looks like we are hell-bent on trying to fill the gap from the Monday session.

The British pound rallied a bit Tuesday, which should not be a huge surprise considering that the 1.32 level has been so important as of late.

The euro shot higher on Tuesday but gave back the gains to form a shooting star-like candlestick.

Gold markets gapped lower to kick off the trading session on Tuesday, but then turned around to reach towards the 200 day EMA above.

The US dollar fell rather hard on Tuesday to crash into the ₹75.50 level.

The Bitcoin market bounced significantly on Tuesday as we have used the 200-day EMA as support again.

The S&P 500 rallied significantly on Tuesday, recapturing the 50-day EMA.

The NASDAQ 100 rallied quite nicely on Tuesday, breaking above the 50 day EMA late in the session.

The West Texas Intermediate Crude Oil market rallied enough to fill the gap from the Monday session, and I am looking for signs of exhaustion that I can use to get involved to the downside.

The AUD/USD price held steady on Wednesday morning as investors reflected on the latest minutes by the Reserve Bank of Australia (RBA).

The GBP/USD moved sideways as investors reflected on the rising number of Omicron cases and the measures by the US and UK governments.

The BTC/USD price tilted higher in the overnight session as cryptocurrency prices bounced back.