Forex Daily Forecast, Analysis and Prediction

USD/JPY: Trend reversal starts.

AUD/USD: Australian employment numbers.

GBP/USD: A correction awaits momentum.

EUR/USD: The chance for the 1.1900.

The British pound fell a bit during the trading session on Wednesday, reaching down towards the 1.30 level before bouncing a bit.

Gold markets finally showed some stability during the trading session on Wednesday, breaking below the $1900 level initially before finding support at the 50 day EMA.

Silver markets were all over the place during the trading session on Wednesday after we had a horrific Tuesday session.

The NASDAQ 100 has rallied rather significantly during the trading session on Wednesday, after gapping to the upside.

The S&P 500 has initially pulled back a bit during the trading session on Wednesday after gapping ever so slightly to the upside.

The Euro rallied again during the trading session on Wednesday, as we have tested the top of the inverted hammer from the trading session on Tuesday.

The US dollar has rallied a bit during the trading session again on Wednesday, as the Japanese yen loses a bit of its potency.

Bitcoin rallied a bit during the trading session on Wednesday as we recovered a bit from the massive selloff on Tuesday.

The West Texas Intermediate Crude Oil market rallied slightly during the trading session on Wednesday, as we continue to see a lot of momentum to the upside.

The Australian dollar initially pulled back a bit during the trading session on Wednesday but found enough support near the 0.71 level to turn around and rally quite nicely.

For four trading sessions in a row, the EUR/USD pair was in a downward correction range that pushed it towards the 1.1710 support at the time of writing.