Forex Daily Forecast, Analysis and Prediction

DOGE/USD has begun the day with a move higher that has produced a gap on technical charts highlighting the cryptocurrency remains volatile.

ETH/USD remains within a vulnerable lower price range and its consistent tests of support ratios is a troubling development.

The 0.7600 area looks likely to be today’s pivotal point.

The West Texas Intermediate Crude Oil market initially rallied during the trading session on Wednesday but gave back the gains as we got close to the $75 level.

The US dollar fell a bit during the trading session on Wednesday to reach down towards the 50-day EMA, but then turned around to show signs of hesitancy.

The FTSE 100 initially tried to rally during the trading session on Wednesday but gave back the gains to show signs of slight exhaustion.

The S&P 500 went back and forth during the trading session on Wednesday as it continues to reach towards the all-time highs.

The NASDAQ 100 rallied just a bit during the trading session on Wednesday as we continue to make new highs.

The support level at 1.1910 is starting to look pivotal.

Perhaps more pain is ahead for the gold bulls.

The Australian dollar rallied a bit during the trading session on Wednesday to reach towards the 0.76 level.

The market did very little during the trading session on Wednesday, which suggests that it is simply too weak to continue going higher for much longer.

The euro fluctuated during the trading session on Wednesday as we continue to hang around the 200-day EMA.

The British pound rallied a bit during the trading session on Wednesday to reach towards the 1.40 handle above and the 50-day EMA as well.

The GBP/USD is rising for the fourth straight day as investors wait for the latest Bank of England (BOE) interest rate decision.