Forex Daily Forecast, Analysis and Prediction

Gold has experienced a strong amount of selling early this morning and has come off of its highest value levels.

Silver markets fell hard during the trading session on Wednesday, reaching down towards the $17.40 level, but have recovered slightly showing signs of support again.

Bitcoin markets broke down significantly during the trading session on Wednesday, reaching down towards the uptrend line that makes the ascending triangle.

The West Texas Intermediate Crude Oil markets have broken down significantly during the trading session on Wednesday as traders are starting to worry about whether or not the coronavirus numbers are going to pick up, and slow things in the economy down.

The gold markets did rally and break out to the upside during the trading session on Wednesday but gave back the gains as we get close to the $1800 level.

GBP/USD: Pivotal point at 1.2450

EUR/USD: Risk-off sentiment turn pushes price down

Saying the Argentine Peso is in trouble is too easy as the Argentina government continues to give critics plenty of ammunition.

Experienced traders know that forex demands different trading techniques depending on the currency pair which is being speculated.

The Pakistani Rupee touched vital resistance in early trading today and its overall trend appears weak as the currency continues to loss value to the US Dollar.

AUD/USD: Weak bullish breakout from channel not impressive

Yesterday's trading session was harsh for USD/JPY, as investors strongly abandoned the US dollar,

The weakening of the US dollar, along with the positive results of the European economic data, helped the EUR/USD to correct upwards to the 1.1348 resistance

USD/JPY: Bullish reversal from long-term low

Strong weakness of the US dollar and fears of a second wave of the Coronavirus outbreak was enough to push the price of an ounce of gold towards the $1774 resistance