Forex Daily Forecast, Analysis and Prediction

Bitcoin rallied significantly on Wednesday to break above the $52,500 level quite decisively.

The euro broke down significantly on Wednesday to reach down towards the 1.1550 level.

The British pound fell bit on Wednesday as we bounced enough to test the bottom of the previous triangle.

0.7263 is today’s most likely pivotal point.

The GBP/USD pair declined in the overnight session as the US dollar rally accelerated.

The BTC/USD price rocketed higher as investors remained optimistic about digital currencies.

The long-term bearish trend is likely to produce lower prices.

XRP/USD has developed a sudden selloff early this morning and is traversing slightly above important psychological support levels.

The USD/CAD has produced a reversal higher the past half day, but the move upwards developed after important technical lows was touched yesterday.

The USD/NOK has moved lower again in recent trading and mid-term lows are clearly within target for speculators who maintain a bearish perception.

The USD/ZAR has put in additional bullish momentum and is traversing within the upper realms of its range.

The euro fell a bit on Tuesday to break down below the 1.16 level underneath.

The British pound rallied significantly on Tuesday to reach towards the highs of the Monday session.

The DAX Index fell initially on Tuesday but found enough support at the 200-day EMA to show signs of life again.

The NASDAQ 100 rallied significantly on Tuesday to wipe out most of the losses from Monday.