Forex Daily Forecast, Analysis and Prediction

Today's Gold Support Points: $4560 – $4500 – $4420 per ounce.

Support Levels for EUR/USD Today: 1.1515 – 1.1480 – 1.1420

Hyperliquid (HYPE) has pulled back to around $35–$37, down roughly 10–11% over the past week after a strong prior run. The shift shows that the price is no longer expanding with momentum. The market is now testing if buyers still have conviction or if the move was front-loaded.

Apple is in so many funds at the moment, that it will continue to be “favored” when times turn positive, like we might be doing now.

Given the environment we are in, the Swiss franc strengthening probably wasn’t what you expected. Now, we could have an opportunity.

I am still bullish in this pair, but the last few days have been a bit of a challenge for the US dollar.

The NASDAQ is rallying for the second day in a row, as we continue to see a lot of moves based on bond yields and headlines.

If we can bounce from here, I will be looking to buy the US dollar against the Franc.

Bitcoin continues to be somewhat impressive due to the idea that despite the fact that there are a massive number of reasons to think that the risk appetite would be horrible.

The British pound continues to see buying pressure on Wednesday, as we are looking to break away from the “fear trade.”

The US dollar fell a bit against the Loonie on Wednesday as we may have gotten a little overstretched in this pair. At this point, the longer term doesn’t look different, unless the war ends.

The euro rallied during the early part of the Wednesday trading session, as we continue to see a lot of noise around the war.

The silver market fell to kick off the session on Wednesday, only to turn around and show signs of strength.

Bearish view

Bearish view