Forex Daily Forecast, Analysis and Prediction

The British pound rallied significantly during the trading session on Wednesday, piercing the 1.35 handle, an area that continues to cause issues for the pound.

The euro rallied during the trading session but was very volatile, which would be expected on a day when the Federal Reserve and stimulus talks are going on simultaneously.

There is room for Bitcoin to rise much higher.

There has been a bullish breakout to new multi-year high prices.

Amid continued pressure on the US dollar, the price of gold rose today towards the resistance level at $1855 an ounce.

The USD/JPY is stabilizing under downward pressures that pushed the pair towards the 103.68 support at the time of this writing.

The EUR/USD pair may maintain its recent gains pending the monetary policy decisions from the US Federal Reserve, which will be announced later on Wednesday.

Contention between the European Union and the UK over the future of a trade deal continues, despite optimistic statements by the negotiating parties about a possibility last-minute agreement.

The AUD/USD is trading in a general bullish trend.

Technical traders will have to look at long-term charts to contemplate the next possible upward scenarios the DAX Index could demonstrate.

Important support levels are now being challenged by the USD/BRL as it challenges values not sincerely tested since the second week of June.

Trading early this week in the USD/ZAR has bolstered the notion that the Forex pair’s bearish trend remains dominant.

The USD/PKR may be making speculators who have been inclined to pursue its mid-term bearish trend uncomfortable.

Support at $18,976 looks strong.

Euro close to testing long-term high price.