Forex Daily Forecast, Analysis and Prediction

Natural gas markets ran into significant resistance later in the day on Wednesday, as the $2.50 level has caused selling pressure.

The NASDAQ 100 initially pulled back a bit during the Wednesday trading session, testing the 7800 level.

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

The FX market will watch today, and cautiously, any new signals from the US Federal Reserve about the future of its monetary policy.

An important day for the performance of GBP/USD, which is facing losses and has steadily pushed towards the 1.2440 support level, the lowest level in six months.

The price of a gold ounce is cautiously awaiting the monetary policy updates of the US Central Bank today, stabilizing around the $1396 resistance, with losses during yesterday's session reaching $1385 an ounce

For the fourth day in a row, the USD / JPY pair moved up towards the 108.98 resistance level the time of writing, the highest level in one month.

NZDUSD: Strong bullish rejection of 0.6590

AUDUSD: Bullish reversal from 0.6900?

USDJPY: Bullish above 108.63

Bitcoin: Bullish trend continues

The EUR/USD pair initially felt towards the 61.8% Fibonacci retracement level during the day on Tuesday but then turned around to show signs of life again as the 1.12 level has shown itself to be supportive.

The British pound has broken down during the trading session on Tuesday, slicing through the 1.25 handle.

The US dollar initially tried to rally against the Mexican peso on Tuesday but did give back a bit of the gains rather quickly.

The S&P 500 initially fell during the trading session on Tuesday but did find enough buyers underneath at the 2965 level to turn things around.