Forex Daily Forecast, Analysis and Prediction

Trade fears are on the rise once again as the US and China appear to have a growing list of disagreements over how the phase one trade deal should look like.

A combination of fundamental developments has caused a violent sell-off in the AUD/NZD.

NZDUSD: Bulls holding up above 0.6382

AUDUSD: Bearish, but pivotal area below around 0.6800 may be supportive

USDJPY: More bearish below 108.65

Bitcoin: More Bearish

USDCAD: Bullish above 1.3250

USDCHF Analysis: More bearish below 0.9886

GBPUSD: Narrowing triangle pushing breakout scenario

EURUSD: Weakly bearish below 1.1018

The US dollar has initially tried to rally during the trading session on Wednesday, but then broke down a bit during the trading session on Wednesday as we continue to struggle with significant resistance just above.

The S&P 500 continues to struggle at the 3100 level but one thing that should be noted is that every time it drifts a little bit lower, the buyers continue to come back and try to pick up a bit of value.

The NASDAQ 100 has rallied during the trading session after initially pulling back on Wednesday but at this point in time it’s obvious that we will continue to find resistance just above.

The Euro has gone back and forth during the trading session on Wednesday, as there is a lot of noise surrounding the Euro, and of course the US dollar.

The British pound has initially pulled back during the trading session on Wednesday but turned around to form a bit of a support of candle.