Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 initially tried to rally during the trading session on Wednesday but gave up the gains as we broke down through the 7900 level.

The US dollar initially tried to rally during the Wednesday trading session against the Japanese yen but has pulled back towards the ¥108 level.

The Euro initially fell during the trading session on Wednesday but found enough support near the 1.12 level to turn things around and rally.

The Australian dollar has gone back and forth during the trading session on Wednesday, reaching down towards the vital 0.70 level before bouncing a bit.

The crude oil markets initially tried to rally during the trading session on Wednesday but found enough resistance above the 50 day EMA to break down rather significantly.

Bitcoin markets fell initially during the trading session on Wednesday, breaking down below the 50 day EMA, an area that a lot of technical traders will pay attention to.

Natural gas markets went back and forth during the session on Wednesday as we hover above the crucial $2.30 level.

The stock markets initially tried to rally during the trading session on Wednesday but found the area above to be far too resistive, and we have broken through the 3000 level rather decidedly.

Bitcoin: Bearish channel below $10,000

USDCAD: Ranging Above 1.3000

USDCHF Analysis: Ranging between 0.98715 and 0.9909

GBPUSD: Small recovery from yesterday’s 27-month low price

EURUSD: More bullish but 1.1250 obstacle?

The Gold markets pulled back a bit during the trading session on Wednesday, testing the crucial $1400 level.

The German Economic Sentiment Index, ZEW, fell to an eight-month low with continued pressure on the Euro