Forex Daily Forecast, Analysis and Prediction

The S&P 500 fell significantly on Wednesday but found support just above the 4250 level yet again.

The NASDAQ 100 fell rather significantly on Wednesday as we continue to hear a lot of noise when it comes to the stock markets in the United States.

Gold markets fell significantly to kick off Wednesday, but just as we have seen all week, the $1750 level continues to offer support, as buyers come back in and push gold higher.

The Australian dollar fell a bit on Wednesday to reach down towards the 0.70 level before turning around.

Bitcoin rallied significantly on Wednesday to break above the $52,500 level quite decisively.

The euro broke down significantly on Wednesday to reach down towards the 1.1550 level.

The British pound fell bit on Wednesday as we bounced enough to test the bottom of the previous triangle.

0.7263 is today’s most likely pivotal point.

The GBP/USD pair declined in the overnight session as the US dollar rally accelerated.

The BTC/USD price rocketed higher as investors remained optimistic about digital currencies.

The long-term bearish trend is likely to produce lower prices.

XRP/USD has developed a sudden selloff early this morning and is traversing slightly above important psychological support levels.

The USD/CAD has produced a reversal higher the past half day, but the move upwards developed after important technical lows was touched yesterday.

The USD/NOK has moved lower again in recent trading and mid-term lows are clearly within target for speculators who maintain a bearish perception.

The USD/ZAR has put in additional bullish momentum and is traversing within the upper realms of its range.