Forex Daily Forecast, Analysis and Prediction

The US dollar went back and forth during the trading session on Wednesday, as we continue to bounce around between the 50 day EMA underneath and the 200 day EMA above

Natural gas markets rallied during the trading session on Wednesday, breaking above the 200 day EMA during the session.

The Australian dollar pulled back a bit during the trading session on Wednesday, breaking down below the 50 day EMA as we get more of a “risk off” type of situation

The West Texas Intermediate Crude Oil market rallied rather significantly after initially hitting the $55 level underneath.

Bitcoin: Bearish price channel

USDCAD: Bullish above 1.3271

USDCHF Analysis: Narrowing triangle formation

GBPUSD: Strong resistance above 1.2932

EURUSD: Bullish consolidation above 1.1056

Bitcoin continues to look very anemic, as we initially tried to rally during the trading session on Wednesday but gave back the gains

Gold markets went back and forth during trading on Wednesday as we continue to see a lot of confusion in the markets.

The US dollar returned to rise again, and therefore, stopped EUR/USD gains which is stable around the 1.1072 level at the time of writing

British Prime Minister Boris Johnson and opposition leader Jeremy Corbyn attacked each other's policies on Brexit, health care and the economy in a televised debate

Investor risk aversion has increased with the expected length of time for the signing of a trade agreement between the United States and China

Investors returned to safe havens as the future of the upcoming US-China trade deal became increasingly uncertain