Forex Daily Forecast, Analysis and Prediction

AUD/USD: Bulls and bears are evenly matched

USD/JPY: Resistance at 106.42 looks pivotal

BTC/USD: Level at $9,150 has flipped to become support

The Euro has broken down during the trading session on Wednesday, reaching down towards the 1.0750 level.

The US dollar has broken through significant support that has been in effect for the last several days, and now is threatening the ¥106 level.

The Australian dollar has initially tried to rally during the trading session on Wednesday but gave back the gains to form a bit of a shooting star.

The FTSE 100 initially tried to rally somewhat significantly in the futures market on Wednesday but gave back most of the gains to form a bit of a shooting star.

The British pound has pulled back a bit from the highs over the last couple of days, and of course Wednesday was not any different.

The S&P 500 has tried to rally during the trading session on Wednesday but has turned back around to show signs of exhaustion near the same gap that it had on Tuesday.

The NASDAQ 100 took off to the upside during the trading session on Wednesday but gave back the gains to form a shooting star.

The silver markets initially tried to rally during the trading session on Wednesday but gave back the gains in order to form a bit of a shooting star.

Bitcoin will undergo its third halving event next week, eagerly anticipated by investors and traders alike.

GBP/USD: Pivotal point at 1.2396

EUR/USD: Support at 1.0814 has broken down

Gold markets fell during the trading session on Wednesday, reaching down towards the trendline that has been intact for several weeks.