Forex Daily Forecast, Analysis and Prediction

For four consecutive trading sessions, the price of gold is settled in the range between the $1414 support and the $1430 resistance, the price settled around $1424 at the time of writing.

For three consecutive trading sessions, the USD / JPY pair is trading at the 108.28 resistance level, with little change.

NZDUSD: Bearish below 0.6718

AUDUSD: Bearish reversal continues

USDJPY: Bulls still failing to push price higher

The NASDAQ 100 rallied significantly during the trading session on Wednesday, breaking above the 8000 level violently.

The WTI Crude Oil market tried to rally during the trading session on Wednesday, reaching towards the 50 day EMA which is on the chart.

Bitcoin has tried to find support during the trading session on Wednesday, reaching down towards the 50 day EMA, as it is sitting right at the uptrend line as well.

The S&P 500 has pulled back a bit during the trading session on Wednesday but found support underneath the psychologically and structurally important 3000 handle.

Natural gas markets have broken down significantly during the trading session on Wednesday, reaching towards the $2.20 level and closing towards the bottom of the overall range.

The US dollar initially fell against the Japanese yen during the trading session on Wednesday but found plenty of buyers near the ¥108 level.

Bitcoin: Bulls testing resistance above $10,000 again

USDCAD: Very pivotal point at 1.3164

USDCHF Analysis: Direction now very unclear

GBPUSD: Triangular consolidation centred on 1.2500