Forex Daily Forecast, Analysis and Prediction

The GBP/USD has been subjected to downward pressure that pushed it towards the 1.3660 support level, stabilizing around 1.3685 at the start of Thursday's session.

The EUR/USD is still within a downward correction range, having plummeted to the 1.2058 support level in yesterday's session before settling around the 1.2100 level as of this writing.

The Nikkei 225 opened trading today with a gap lower and then exhibited an inability to substantially produce a gain after the decline.

The USD/SGD continues to prove short term bullish sentiment remains intact.

The USD/ZAR has certainly seen short term bullish momentum continue to show its teeth the past week after reversing from lows made on the 21st of January near 14.73000.

Speculators need to continue pursuing upside momentum via the USD/ARS.

The Euro fell initially during the trading session on Wednesday, but we have seen the market recover by the end of the day.

The market will continue to see a lot of noise out there, but if you are cautious enough you can start to piece together a position.

The German index has struggled a bit during the trading session here on Wednesday to reach down towards the 50 day EMA.

The British pound initially tried to rally during the trading session on Wednesday but has taken a bit of a beating as the US dollar strengthened.

The NASDAQ 100 has broken down significantly during the trading session on Wednesday to show a massive turnaround in attitude.

Plenty of room to fall to 0.7555.

The US dollar has initially shot higher during the trading session against the Canadian dollar to reach towards the 50 day EMA.

The Bitcoin market initially tried to rally during the trading session on Wednesday but then turned around to sell off quite drastically.

The West Texas Intermediate Crude Oil market has been very noisy during the course of the trading session on Wednesday, as the market simply has no idea what to do with itself