Forex Daily Forecast, Analysis and Prediction

USDCHF Analysis: Bullish retracement against trend continues

GBPUSD: Pound neutral against resurgent Dollar

EURUSD: Bearish retracement from 3-month high price continues

The Euro has gone back and forth during the trading session on Wednesday as we continue to dance around the 200 day EMA.

The Bitcoin market is now parabolic and looking very dangerous to say the least.

The S&P 500 initially tried to rally during the trading session on Wednesday but gave back all of the gains.

The US dollar has rallied significantly during the trading session on Wednesday, reaching above the shooting star that had been formed a couple of days ago.

The WTI Crude Oil market rallied a bit during the trading session on Wednesday, reaching towards the crucial $60 level before pulling back.

Gold markets fell a bit during the trading session on Wednesday as we are starting to take a break from what had been an overbought situation.

The price of gold rebounded rapidly to reach $ 1403 an ounce in early trading on Wednesday, rebounding from the $ 1439 resistance level, the highest level in six years.

At the beginning of Wednesday's trading, and with the return of investor’s risk appetite, the USD/JPY found the opportunity for a bullish correction and stabilized around 107.50 at the time of writing.

The EUR / USD recent gains have stopped at the 1.1411 resistance level, the highest in three months, with the USD back to express itself and the pair retreated to 1.1343 support despite the negative US economic figures.

The GBP Paris are up for an important date today with the hearing for the UK inflation report by Bank of England officials.

NZDUSD analysis: Bullish but danger at key 0.6650 / 0.6700 zone

AUDUSD analysis: Bulls still pushing price up towards key 0.7000 area