Forex Daily Forecast, Analysis and Prediction

ETH/USD is still within sight of its lowest short-term depths, but the cryptocurrency has been able to display speculative reversals higher which have created choppy conditions.

There are signs of a potential temporary bottom near $20k.

Bitcoin pulled back just a bit on Wednesday but found a bit of support all the way down at the $20,000 level. Congratulations.

The Canadian dollar fell a bit against the Japanese yen on Wednesday, as the oil markets have also started to correct a bit.

The West Texas Intermediate Crude Oil market fell on Wednesday as the Federal Reserve announced a 75 basis point interest rate hike.

Helium fell a bit on Wednesday as we continue to see it bounce around the $9.00 level.

Elrond had a slightly negative trading session on Wednesday as we continue to see the crypto markets fall apart.

The DAX rallied a bit on Wednesday as we bounced from the €13,250 level.

The S&P 500 rallied a bit on Wednesday as the Federal Reserve's meeting came into focus.

The Australian dollar rallied a bit on Wednesday to form a double-bottom pattern.

The euro went back and forth on Wednesday as the 1.04 level has offered a little bit of support.

Gold markets bounced a bit on Wednesday as the Federal Reserve announcement has come and gone.

The AUD/USD pair rose slightly as investors reflected on multiple events and data points.

The EUR/USD pair rose in the overnight session as the European energy crisis escalated and after the Fed made its rate decision.

The GBP/USD pair drifted upwards after the hawkish Fed decision.