Forex Daily Forecast, Analysis and Prediction

The Parisian CAC Index rallied quite nicely on Wednesday to reach towards the €7050 level, which is an area that has been important multiple times.

The Bitcoin market initially tried to rally on Wednesday but gave back the gains a bit.

Ethereum was down about 1% on Wednesday, but as you can see, we continue to hang around the $4000 level.

The S&P 500 rallied a bit on Wednesday to show signs of strength yet again.

The NASDAQ 100 rallied a bit on Wednesday as we broke above the significant candle from Tuesday.

The gold markets rallied a bit on Wednesday, as we continue to hang around the $1800 level.

Silver markets rallied on Wednesday to reach towards the $22.75 level.

The West Texas Intermediate Crude Oil market rallied significantly on Wednesday to reach towards the $72.25 level.

The British pound shot straight up in the air on Wednesday to reach towards the 1.3350 level.

The euro rallied a bit on Wednesday to reach the top of the overall consolidation area that I have marked on the chart.

Dollar weakness is pushing the price up.

The AUD/USD pair continued its comeback as the risk-on sentiment returned in the market.

The EUR/USD pair held steady after a new report about the Omicron variant emerged.

The BTC/USD moved sideways on Thursday morning as volume remained relatively low ahead of the Christmas holiday.

Gold prices failed to maintain their recent gains, reaching the resistance level of $1815, then selling off to the support level of $1785, where it has settled as of this writing.