Forex Daily Forecast, Analysis and Prediction

The British pound started to dip slightly on Wednesday but turned around to show signs of strength.

The Bitcoin market initially on Wednesday but turned around to show signs of life again as the $60,000 level looks to be supported in this market.

The S&P 500 went back and forth on Wednesday as we hang around the 4700 level.

The price is trading near 1-year lows below $1.1338.

The GBP/USD pair tilted upwards on Wednesday and early Thursday as the market reflected on the overall strong economic data from the UK and the US.

The AUD/USD pair slipped to the lowest level since October 7 as investors reflected on the rising US dollar and the relatively dovish Reserve Bank of Australia (RBA).

The BTC/USD pair struggled to bounce back as it crashed to a multi-week low.

The US dollar rallied again on Wednesday, as we continue to see the greenback rally against almost everything.

The DAX went back and forth on Wednesday as the market seems to be hovering around the €16,250 level.

Gold markets rallied significantly on Wednesday as we continue to see a lot of bullish momentum.

The Australian dollar fell again on Wednesday to reach below the 0.73 level.

The West Texas Intermediate Crude Oil market fell on Wednesday to reach down towards the crucial 50-day EMA.

The EUR/USD has continued to lose value and is testing long-term support as price velocity downwards has quickened.

ADA/USD has seen a sharp loss of value since early last week and is now perched above crucial mid-term support, which creates tough decisions for speculators.

Gold declined from the resistance level of $1878 yesterday, its highest in five months, before it reached the $1849 support and settled around the $1857 level as of this writing.