Forex Daily Forecast, Analysis and Prediction

In my daily GBP/CHF analysis, it’s a lot more of the same.

I see clearly that this is a very bullish market, and that it should continue to strengthen.

I see that we are threatening a major break out

I see that we have a lot of support in this general vicinity.

I can see that the AUD/USD pair is trying to break out to the upside but has a lot to work through.

Bitcoin might be approaching a major bearish breakdown.

The GBP/USD exchange rate continued its recovery this week as market participants waited for the upcoming jobs numbers.

The EUR/USD pair rose to its highest level since June 12th as the US dollar index continued its downtrend.

The Australian dollar soared to its highest point since January after the weak ADP jobs report and Federal Reserve minutes.

The US dollar has fallen rather significantly during the trading session on Wednesday against the Norwegian Krone.

The New Zealand dollar has rallied a bit during the trading session on Wednesday, as we have seen quite a bit of momentum.

The euro initially did try to rally a bit during the trading session on Wednesday, but at this point we are still hanging around the same gap that we had formed a couple of weeks ago.

GBP/USD surged unexpectedly after comments by the Federal Reserve Chair were seen by analysts and market participants as increasing the odds of a September rate cut.

For two days in a row, the EUR/USD price failed to break above the 1.0750 level and the euro’s gains faltered after policymakers indicated that they needed more evidence that price pressures were under control.

A pause in the dollar's advance allowed gold prices to rebound, reaching a high of $2344 an ounce at the time of writing, the highest in two weeks.