Forex Daily Forecast, Analysis and Prediction

Gold markets fell initially during the trading session on Wednesday as the Federal Reserve cut rates and sounded a little bit more less dovish than people had hoped.

USDCHF Analysis: Gently bullish

GBPUSD: Bulls still challenging key 1.2500 area

EURUSD: Choppy consolidation above 1.1000 area continues

The rally in the EUR/CHF has stalled as price action reached its resistance zone.

After the Bank of Japan decided to leave interest rates unchanged at -0.10%, the Japanese Yen entered a relieve rally.

As we have mentioned since the beginning of this week’s trading, the EUR / USD will remain in a tight range awaiting the announcement of the Federal Reserve's monetary policy decisions and the comments of its Governor Jerome Powell.

For four trading sessions in a row, the price of the GBP / USD stabilizes around the1.2500 resistance level, awaiting for stronger catalysts to complete the pace of the upward correction

Since the beginning of this week's trading, the price of gold has been trying hard to keep moving around and above the $ 1500 psychological resistance to confirm the adherence to the uptrend

Attempts to bounce the USD / JPY pair around the 108.36 resistance level a month and a half ago have been put on hold for awaiting the announcement of Federal Reserve monetary policy decisions and important remarks by Governor Jerome Powell.

NZDUSD: Weakly bearish ahead of FOMC

AUDUSD: Weakly bearish below 0.6830

USDJPY: Strong resistance from 108.43 to 109.00 holds

The US dollar went back and forth during the trading session on Tuesday, as we are hanging about the ¥108 level.

The Euro rallied a bit during the trading session on Tuesday, reaching towards the shooting star from a couple of days ago.