Forex Daily Forecast, Analysis and Prediction

NZDUSD: Pivotal point at 0.6386 becomes more important

AUDUSD: Medium-term bearish topping out continues

USDJPY: Strong resistance levels at 108.72 & 109.00

Bitcoin: Bearish break to new 5-month low prices

Bearish momentum in the USD/ZAR is being depleted inside its support zone which halted the sell-off.

The British pound has initially fallen during the trading session on Wednesday but turned around to reach towards the 1.29 level.

The Euro initially fell during the trading session on Wednesday but found enough support just above the 1.11 level to turn things around and form a bit of a hammer.

The US dollar initially fell during the trading session on Wednesday but found enough support near the ¥108.25 level to turn things around and form a bit of a hammer.

The S&P 500 continues to struggle overall, as although we haven’t broken down, we simply can’t get anywhere to the upside.

The Australian dollar has initially fallen during the trading session on Wednesday, reaching down towards the 0.68 level before turning around to show signs of life again.

The NASDAQ 100 initially pulled back in trading on Wednesday, testing the 50-day EMA.

Gold markets have been grinding back and forth for the last couple of weeks, forming a bit of a triangle.

Bitcoin markets fell again during the trading session on Wednesday, as we continue to see a lot of negativity in the crypto markets.

The US dollar has initially tried to rally during the trading session on Wednesday, but then pulled back against the Mexican peso again.

USDCAD: Bearish but support closer to 1.3000 area