Forex Daily Forecast, Analysis and Prediction

Bullish above the support level at $1.1958.

The West Texas Intermediate Crude Oil market gapped lower to kick off Wednesday but then turned around to recapture the $100 level.

The USD/JPY currency pair did very little Wednesday as we continue to levitate at high levels.

The GBP/USD currency pair initially tried to rally Wednesday but gave back gains as we continue to see the 1.20 level offers a significant amount of noise.

The AUD/USD currency pair initially tried to rally Wednesday but gave up any type of momentum and ended up forming a bit of a shooting star.

The S&P 500 Index rose again Wednesday as we continue to see this market recover.

The NASDAQ 100 Index rallied significantly on Wednesday to break above the resistance barrier that has been so difficult to deal with over the last several weeks.

XAU/USD had a rough session on Wednesday as we are now below the $1700 level.

The EUR/USD currency pair initially rallied Wednesday but gave back gains rather quickly as the area above the 1.02 level offered too much resistance.

Ethereum did very little Wednesday, but it is impressive that we could hang about this area for as long as we have.

BTC/USD has powered quite handily above the 50-Day EMA, and now it looks like we are going to see an attempt to break out even further.

The EUR/USD currency pair pulled back as the strong euro recovery took a breather ahead of the upcoming ECB interest rate decision.

The BTC/USD price continued rising as the bullish momentum continued.

The AUD/USD currency pair retreated slightly after the Australian government launched a review of the RBA.

The lira stabilized against the dollar during early European trading today, as it traded near its lowest levels ever against the dollar.