Forex Daily Forecast, Analysis and Prediction

The crude oil markets initially tried to rally during the trading session on Wednesday, as we are generally grinding higher.

USDJPY: Trade deal boost for bulls?

After Bitcoin struggled to maintain its uptrend, Litecoin kept pushing higher which took this cryptocurrency into its resistance zone from where bearish forces prevailed and halted the advance.

With five week’s left until the UK election, which will take place on December 12th 2019, the British Pound is under selling pressure

After an extended period of risk-on across financial markets, traders started to take a closer look at red flags which remain across economies.

Financial markets started to stutter as delays in the US-China phase one trade truce have increased fears that severe issues remain, even on the parts which analysts claimed were the easiest to accomplish

Bitcoin: Bullish consolidation above $8,893 continuing

USDCAD: Bearish flag pattern weakly broken

USDCHF Analysis: Bulls pushing toward strong resistance at 0.9945

GBPUSD: Weakly bearish below 1.2858

EURUSD: Pivotal resistance at 1.1063

NZDUSD: Unpredictable price action

AUDUSD: Consolidating between 0.6927 and 0.6877

Despite economic challenges out of the US, the USD/MXN is under the influence of an increase in bullish momentum which initiated a breakout sequence.

The natural gas markets continue to see a lot of bullish pressure as the market had reached as high as $2.90, but at this point looks very likely that a pullback could be coming