Forex Daily Forecast, Analysis and Prediction

Pound seen firmer.

For the third day in a row, gold is trying to rebound higher after its price collapse at the end of last week's trading.

After six bearish trading sessions, the GBP/USD pair corrected to the upside from the 1.3450 support level to the 1.3670 resistance level at the beginning of Wednesday's trading.

Continuing its bearish outlook, the USD/JPY pair moved down to the 103.72 support level, after attempts to correct upwards to the 104.40 resistance level.

After the EUR/USD pair had fallen to the 1.2132 support level, its lowest level in a month, the pair corrected to the 1.2210 level at the beginning of Wednesday's trading.

Ethereum has produced turbulent trading conditions the past few days after achieving record high values.

Consolidation is above $30,000.

After proving that bullish momentum can be produced within the USD/MXN the past week, the Forex pair has seen bears emerge again and show that they still can dominate the trading landscape.

The Forex pair has reestablished is bearish trend and is hovering above key support levels.

Traders who have not looked at their screens yet today may be surprised to see that the USD/SGD has reversed lower since late yesterday, and has essentially wiped out a lot of the short-term bullish momentum that sprung forward last week.

The West Texas Intermediate crude oil market rallied a bit during the trading session on Tuesday as we continue to see the “reflation trade” come into play.

The DAX Index initially fell during trading on Tuesday as we crashed into the 13,825 level.

Bitcoin fluctuated during the session on Tuesday as we continue to dance around the $35,000 level.

The NASDAQ 100 pulled back during the trading session on Tuesday to reach down towards the 12,750 level before turning around to show signs of life again.

The S&P 500 fluctuated during the trading session on Tuesday, just as we saw during the previous two sessions.