Forex Daily Forecast, Analysis and Prediction

In my daily analysis of the Chinese yuan, I can see that the US dollar continues to hang around the 7.27 level, an area that obviously has been important multiple times.

The ASX 200 looks very exhausting at this point in time in my daily analysis, as I believe this asset remains positive, but at the same time it may have overstretched its momentum.

This is a pair that continues to pressure the upside, and I think it’s probably only a matter of time before we truly find a lot of momentum entering this market.

In my daily NZD/CHF analysis, it’s easy to see that we are at an overstretched condition to the downside, so it’ll be interesting to see how the Swiss franc behaves.

I can see that we are attempting a bit of a recovery, and it would make a certain amount of sense that the market will be very noisy and perhaps a bit of a stretch to the downside.

In my daily analysis of the British pound against the Japanese yen, it's easy to see that we have seen a massive turnaround.

The German DAX has fallen a bit during the early hours on Wednesday, but it does look like we are in the midst of trying to recover.

The British pound has plunged early in the trading session on Wednesday against the Swiss Franc, but we are approaching a major support level.

The Bitcoin market has struggled on Wednesday to maintain any type of momentum.

The Aussie dollar was all over the place during the early hours on Wednesday as we continue to see a lot of volatility.

The performance of the Turkish currency declined against the dollar during the overall trading of the current week.

Natural gas markets plunged during the early hours on Wednesday.

The trading week was broadly positive for the Euro against the US Dollar (EUR/USD).

GBP/USD broke through the psychological resistance level of 1.3000, extending gains to 1.3044 and remaining close to its highest level in a year.

The yen rose 1.5% to above 155.5 against the dollar today, its highest level in over a month.