Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Wednesday to break above the top of the hammer from Tuesday

The German index has pulled back a bit during the trading session on Wednesday to reach the 50 Day EMA again.

Gold markets have rallied during the trading session on Wednesday to reach higher and fill the gap from the open on Tuesday.

The bitcoin markets have pulled back ever so slightly during the trading session on Wednesday but have also found buyers underneath to push the market higher.

The S&P 500 has pulled back during the trading session on Wednesday to reach the 4600 level before bouncing a bit.

The US dollar has fallen against the Japanese yen during the trading session on Wednesday, as the overbought conditions have finally started to acknowledge the existence of gravity.

The British pound has rallied during the trading session on Wednesday to reach near the 1.32 handle, an area that has been important more than once.

The Euro has tested the 50 Day EMA yet again during the trading session on Wednesday, just as it did during the Tuesday session.

BNB/USD is trading near the 443.0000 juncture as of this writing. Binance Coin has sustained a solid bullish run which began around the 13th of March,

SHIB/USD has traded upwards since the 15th of March and has in many respects mirrored the results of the broad cryptocurrency market.

Price holding up for now but seems ready for a downwards turn.

The GBP/USD price moved sideways after the relatively strong American jobs data and the impact of the ongoing crisis in Ukraine.

The next major EUR/USD catalyst will be the upcoming US non-farm payrolls data that comes on Friday. Get today's signal here.

The AUD/USD pair continued its consolidation phase as investors reflected on the latest Australian budget and the upcoming RBA meeting. It is trading at 0.7515, where it has been in the past few days

For the second day in a row, the price of the EUR/USD currency pair is trying to bounce up and get out of the sharp bearish channel that dominates the performance in the recent period.