Forex Daily Forecast, Analysis and Prediction

The US dollar went back and forth during the course of the trading session on Wednesday as we hang around the 1.27 level.

The FTSE 100 fluctuated during the course of the trading session on Wednesday, as we have been flirting with the 50-day EMA.

The S&P 500 fluctuated during the course of the trading session on Wednesday as we continue to dance around the 3900 level.

The NASDAQ 100 fluctuated during the course of the trading session on Wednesday as we are now starting to get a little over-stretched.

The gold markets rallied a bit during the trading session on Wednesday but continue to see a significant amount of resistance above the 50-day EMA as there is a bit of selling near the $1850 level.

The Australian dollar fluctuated during the course of the trading session on Wednesday as we reached towards the 0.7750 level.

Bitcoin markets pulled back a bit during the trading session on Wednesday as the market clearly had gotten ahead of itself.

The British pound continues to look very bullish, continuing the gains that we had seen during the previous session.

The euro tried to rally a bit during the trading session on Wednesday but gave back the early gains to show a less-than-exciting candlestick.

The BTC/USD price erased some of its earlier gains as investors started to take profit.

The GBP/USD rally continued after the US released a relatively weak Consumer Price Index (CPI) yesterday.

Bullish breakout beyond 0.7750 remains possible.

To be bullish here, we really need to see the 1.2154 resistance level decisively broken.

The USD/ZAR has seen support levels crumble the past two days and in early morning trading bearish momentum has increased.

The Swedish Krona is likely sparking bearish perceptions within plenty of speculators again as an important price range tests support levels.