Forex Daily Forecast, Analysis and Prediction

My EUR/USD signal on 21st February was not triggered, as there was no bullish price action when the support level at $1.0662 was first reached.

The gold markets rallied during Wednesday's trading session, reaching towards the 50-Day EMA.

The TRY/USD stabilized during early trading on Wednesday morning.

The Dow Jones Industrial Average fell during its recent trading on intraday levels, recording losses in its last session by -0.71%.

Spot natural gas prices (CFDS ON NATURAL GAS) stabilized on the rise during its early trading on Wednesday, recording slight daily losses until the moment of writing this report, at a rate of -1.05%.

For two days in a row, the price of the EUR/USD currency pair tried to rebound to the upside after strong selling operations that pushed it towards the support level 1.0536.

The British pound rose against all the other major currencies, after news that the European Union and the United Kingdom had reached a new agreement on the Northern Ireland Protocol

The bulls’ control over the performance of the price of the USD/JPY currency pair increased during this week’s trading.

For the second consecutive day, XAU/USD gold price is trying to rebound to the upside to avoid further collapse, as its gains did not exceed $1833 an ounce.

The USD/INR is trading in a rapid manner, having moved lower since the publication of U.S Consumer Sentiment numbers which came in negative late yesterday.

The NZD/USD found buyers suddenly emerge late on Tuesday after U.S negative economic data caused weakness for the USD, and gave bullish traders a sense that upside potential exists for the currency pair.

Brent markets have also rallied during the trading session on Tuesday, as we are looking at the 50-Day EMA as a potential resistance barrier.

On Tuesday, the S&P 500 Index experienced a lot of erratic behavior, with prices fluctuating back and forth throughout the trading session.

During Tuesday's trading session, the USD/JPY demonstrated some upward momentum, as the latter currency continues to suffer due to the Bank of Japan's monetary policy.

The GBP/USD demonstrated some upward momentum during Tuesday's trading session, approaching the 50-Day EMA, which is a critical indicator for many traders.