Forex Daily Forecast, Analysis and Prediction

The Euro initially tried to rally during the trading session again on Wednesday but gave back gains to form a bit of a shooting star.

UNI/USD has experienced a wave of choppy trading short term and is currently near important resistance levels.

The USD/BRL has turned in a rather intriguing trading display the past couple of days as its resistance levels have incrementally lowered and consolidation has increased.

The USD/MXN continues to produce an extremely tight price band and its ability to demonstrate solid support may attract speculators with a taste for adventure.

The USD/INR remains within the higher price vicinity it has traversed the past few days and its recent consolidation may be signaling action to come.

The West Texas Intermediate Crude Oil market showed itself to be a bit flat during the session on Tuesday, despite the fact that we had recently broken above a significant trend line.

The CAC Index fell on Tuesday to slice through the 50-day EMA and go looking towards the uptrend line.

The FTSE 100 fell again on Tuesday to show weakness yet again, as the 7100 level continues to offer resistance.

The S&P 500 fell significantly after initially trying to rally on Tuesday.

The NASDAQ 100 initially rallied a bit on Tuesday but gave back the gains again as we continue to see a little bit of negativity in this market.

The EUR/USD pair wavered in the overnight session as traders reflected on the latest American inflation data.

The AUD/USD pair declined in the overnight session after the relatively weak Chinese and American economic data.

$47,532 will form either a bullish breakout or a bearish double top.

Range-bound between 1.3721 and 1.3900.

The Bitcoin market rallied a bit on Tuesday to show continued respect for the 50-day EMA which sits just below.