Forex Daily Forecast, Analysis and Prediction

I recommended holding for unleveraged, the market touched 101 before bouncing back quite quickly in one of the strongest recent trends.

Trade Recommendation for long-term profit. See details here.

Trade Recommendation for long-term profit. See details here.

The XAU/USD pair fell for a fifth consecutive day as upbeat data on the U.S. economy boosted the Greenback’s safe-haven appeal.

For those with unleveraged positions I advised staying long nothing was likely to happen until a channel reformed before a trend appeared (which is now formed at the time of writing).

The CHF/JPY is trading in a daily ascending channel.

Trade Recommendation for long-term profit. See details here.

Trade Recommendation for long-term profit. See details here.

Trade Recommendation for long-term profit. See details here.

Short AUD/JPY between 0.8867 and 0.8903 if the price reaches this level before Midnight GMT tonight.

Short AUD/USD between 0.9043 and 0.9077 if the price reaches this level before Midnight GMT tonight.

The XAU/USD pair closed lower than opening after a highly volatile trading session yesterday.

The WTI Crude Oil markets had a very strong showing during the session on Wednesday, slamming into the $105.25 level.

The AUD/USD pair fell during the session on Wednesday, breaking through the 0.90 handle.

The EUR/JPY pair went back and forth during the session on Wednesday, mainly in reaction to the Federal Reserve and its minutes being released.