Forex Daily Forecast, Analysis and Prediction

The GBP/USD gains that pushed it towards the 1.2636 resistance level may be temporary, as the British pound rose to a multi-week high against the US dollar.

As we expected in the previous analysis, the USD/JPY performance of moving in tight ranges for several sessions is awaiting a strong move in one direction or the other and was closer to continue the downtrend as long as it was holding below the 108.00 support.

The NASDAQ 100 has shown a significant amount of resiliency, despite the massive amounts of volatility that we see on a daily basis.

The British pound has now broken above the 200 day EMA, which of course is a very bullish sign.

The US dollar initially rallied during the trading session on Wednesday but as you can see, we have seen a lot of exhaustion above the crucial ¥107.50 level.

The Australian dollar has rallied again during the trading session on Wednesday, testing the 0.70 level.

The S&P 500 rallied a bit during the trading session on Wednesday after we initially pulled back.

AUD/USD: Yet bears still holding 0.7000

The Euro continues to rally significantly, slamming into the 1.1350 region.

The past day of trading for the USD/MXN has produced a fairly solid range of 22.6400 to 22.8700 for the currency pair.

The USD/NOK has produced a solid selling trend the past week.

USD/JPY: USD is weak everywhere

The USD/PRK has actually found a slightly bearish trend develop the past couple of days.

The USD/SGD has seen a burst of selling emerge the past day and short term momentum is making current support levels appear vulnerable.

BTC/USD: Yet bulls muted below $10,000