Forex Daily Forecast, Analysis and Prediction

The USD/BRL is stuck in a horizontal range even after the relatively hawkish Brazilian Central Bank (BCB).

Between the continuation of investors to buy safe havens, with fears of the rapid spread of the Corona Delta variable, the price of gold succeeded in moving strongly upwards to the resistance level of 1832 dollars an ounce.

After a strong bearish momentum recently, the price of the USD/JPY currency pair pushed down to the 108.72 support level, the lowest in more than two months.

Yesterday, the forex currency market witnessed some activity, in contrast to the quiet performance in the beginning of trading.

The gains of the GBP/USD currency pair stopped at the resistance level of 1.3958 during yesterday's trading, and settled around the 1.3880 level.

The DAX Index rallied a bit during the trading session on Wednesday as the 50-day EMA continues to offer a significant amount of support.

The FTSE 100 rallied again during the trading session on Wednesday only to turn around and sell off to form a bit of a shooting star.

Bitcoin rallied again during the trading session on Wednesday as the market continues to look at the $40,000 level as a major barrier above.

The S&P 500 pulled back a bit during the trading session on Wednesday as we continue to see the 4400 level as an important area.

The NASDAQ 100 rallied a bit during the trading session on Wednesday as we continue to see yields in America drop.

AUD weakly bullish but moving in wide swings with deep retracements.

The GBP/USD price tilted lower ahead of the upcoming Bank of England (BOE) decision and after the relatively weak ADP jobs data.

The BTC/USD is in a tight range as investors wait for the upcoming US non-farm payroll (NFP) data and as attacks of Bitcoin SV rises.

The 1.1900 area has sparked a selloff again.

Gold markets rallied significantly during most of the trading session on Wednesday, reaching towards the $1830 level.