Forex Daily Forecast, Analysis and Prediction

The Euro initially fell during the trading session on Wednesday, but then turned around to show signs of life again.

The British pound initially fell during the trading session on Wednesday, filling the gap from the beginning of the week, and we have then turned around to form a bit of a hammer.

The NASDAQ 100 sold off during the trading session on Wednesday, reaching down towards the 8200 level before bouncing significantly.

The US dollar went back and forth during the trading session on Wednesday, as we continue to bounce around between the 50 day EMA underneath and the 200 day EMA above

Natural gas markets rallied during the trading session on Wednesday, breaking above the 200 day EMA during the session.

The Australian dollar pulled back a bit during the trading session on Wednesday, breaking down below the 50 day EMA as we get more of a “risk off” type of situation

The West Texas Intermediate Crude Oil market rallied rather significantly after initially hitting the $55 level underneath.

Bitcoin: Bearish price channel

USDCAD: Bullish above 1.3271

USDCHF Analysis: Narrowing triangle formation

GBPUSD: Strong resistance above 1.2932

EURUSD: Bullish consolidation above 1.1056

Bitcoin continues to look very anemic, as we initially tried to rally during the trading session on Wednesday but gave back the gains

Gold markets went back and forth during trading on Wednesday as we continue to see a lot of confusion in the markets.

The US dollar returned to rise again, and therefore, stopped EUR/USD gains which is stable around the 1.1072 level at the time of writing