Forex Daily Forecast, Analysis and Prediction

Since the beginning of this week, the performance of the GBP / USD pair frustrated Forex traders, as the pair is in narrow ranges amid downward momentum on the threshold of 1.2000 psychological support.

Gold prices recovered the losses of Tuesday's session, and rose to the $ 1524 level at the time of writing, with financial markets and investors absorbing the content

The USD / JPY pair did not celebrate much with its recent gains, reaching the 106.97 resistance level, as the decline returned to 105.64 support before settling around 105.95

NZDUSD: Bearish below 0.6448

AUDUSD: 0.6746 area still pivotal

USDJPY: Volatile without clear direction

Bitcoin: Strong bearish breakdown

The Australian dollar has initially tried to break above the 0.68 level during the trading session on Wednesday but then broke down significantly again.

The British pound initially tried to rally during the trading session on Wednesday but then turned around to show signs of exhaustion.

The Euro has rallied a bit initially during the trading session on Wednesday and then sold off rather drastically.

The S&P 500 has gotten hammered during the trading session on Wednesday, reaching down towards the 2850 handle.

The WTI Crude Oil market broke down significantly during the trading session on Wednesday as we continue to see a lack of demand globally.

The NASDAQ 100 has broken down significantly during the trading session on Wednesday as we approached the 7500 level.

Natural gas markets rallied a bit during the trading session on Monday, but then turned around to fall rather hard from the crucial $2.20 level.

The Bitcoin markets broke down significantly during the trading session on Wednesday as we have reached down towards a pretty significant support level.