Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil market broke down a bit during the trading session initially on Wednesday but turned around of form a bit of a hammer.

The US dollar initially rallied against the Japanese yen during the trading session on Wednesday but found quite a bit of bearish pressure as we reached towards the Federal Reserve statement.

The S&P 500 did very little during the trading session after the Federal Reserve statement, as it was dovish, but didn’t necessarily guarantee anything.

Gold markets rallied significantly after initially trying to pull back during the trading session on Wednesday.

NZDUSD analysis: New support at 0.6520

AUDUSD analysis: Downtrend but support at 0.6862 pivotal

USDJPY: Ranging as 108.20 holds

Bitcoin: Bullish consolidation above $8,893 still holds

USDCAD: 1.3345 looks pivotal

USDCHF Analysis: Will the price get established above parity?

GBPUSD: Bearish but 1.2500 holds up

EURUSD: Bearish below 1.1205

The Euro showed a lot of volatility during the trading session on Tuesday, as the markets initially tried to rally during the trading session and reach this high as the 1.1250 level.

Bitcoin markets went back and forth during the trading session on Tuesday, as we reached towards the $9200 level.

The S&P 500 has rallied significantly during the trading session on Tuesday, as the ECB has signaled its willingness to add more liquidity to the market and of course engaging in quantitative easing.