Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market has rallied a bit again during the trading session on Wednesday as we continue to see a lot of resistance just above.

Prior to the announcement of the European Union economic forecasts updates on Wednesday, the EUR/USD pair is trying to achieve an upward correction,

During last week's trading, the GBP/USD pair increased by 1.1%, with gains pushing it to the 1.2529 resistance

As expected, gold prices continued to achieve gains, and reached the resistance at $1797 an ounce, the highest level in nine years,

For the second consecutive day, the USD/CAD is trying to achieve an upward correction after sharp losses that recently pushed it to the 1.3519 support

The Argentinian economy is expected to decline by a significant amount during 2020.

After touching support near the 22.1500 level only two days ago, the USD/MXN has developed a reversal higher.

After testing important support levels earlier this week the USD/INR has reversed higher with incremental buying.

The Indonesian Rupiah has maintained a tight range the past day after testing important resistance.

The Euro continues to see a lot of resistance above, especially near the 1.1350 level.

The Australian dollar has gone back and forth during the trading session on Tuesday as we continue to see the 0.70 level cause massive amounts of resistance.

The NASDAQ 100 initially tried to rally during the trading session on Tuesday, as we continue to look very bullish.

The US dollar has rallied a bit during the trading session on Tuesday, breaking above the ¥107.50 level.

The S&P 500 initially tried to rally during the trading session on Tuesday as we continue the overall uptrend.

The market continues to be very noisy, as the British pound reached all the way towards the 200 day EMA before rolling over again.