Forex Daily Forecast, Analysis and Prediction

Cardano has traded lower in the past twenty-four hours and its price range is entering speculative, short-term, bearish territory.

DOGE/USD has come under pressure the past week of trading and important support levels are now within sight for speculators.

ETH/USD yesterday turned extremely volatile with a spike downwards and support levels have been punctured.

The GBP/USD is hovering near the lowest level since February 20th as investors focus on the falling US and UK bond yields and the mixed data from the UK.

The BTC/USD declined sharply as interest in the digital currency faded and as the US bond yields rose after falling for the past three days.

The S&P 500 initially tried to rally during the trading session on Wednesday but then pulled back enough to show signs of weakness.

The German index gapped lower to kick off the trading session on Wednesday but turned around to show signs of strength.

The FTSE 100 has rallied a bit during the trading session on Wednesday as we continue to see the 50 day EMA offers support.

The WTI market rallied quite significantly during the trading session on Wednesday to wipe out the losses from Tuesday.

The NASDAQ 100 has given back the gains as the NASDAQ was closing towards the bottom of the range for the trading session.

The Euro drifted a little bit during the trading session on Wednesday to reach down towards the 1.18 handle before bouncing ever so slightly.

The British pound has broken a bit to the downside on Wednesday to pierce the initial support at 1.3750.

The Australian dollar has fallen a bit during the trading session to reach down below the 0.76 level before turning around and showing signs of support.

Bitcoin initially pulled back just a bit to test the support level underneath, and then turned around to show signs of strength yet again.

Gold markets have rallied a bit during the trading session on Wednesday to show a continuation of the overall consolidation that we have been in.