Forex Daily Forecast, Analysis and Prediction

The USD/JPY has settled around the 110.00 psychological resistance as USD pairs anxiously await the US jobs numbers tomorrow.

The GBP/USD tried to correct upwards by breaking through the 1.3800 resistance, but fell back to settle around 1.3770 as of this writing.

With renewed popularity for the euro and the US dollar’s ​​cautious anticipation of US job numbers, the EUR/USD corrected upwards to the 1.1857 resistance level before settling around 1.1840 as of this writing.

ETH/USD has broken higher and is challenging values it has not traversed since the middle of May, and speculators may be dreaming about larger values.

The DAX Index initially tried to rally on Wednesday but continues to struggle at the €16,000 level.

The West Texas Intermediate Crude Oil market initially pulled back just a bit on Wednesday to show signs of hesitation, before turning back around to form a significant hammer.

The US dollar has been fluctuating against the Canadian dollar over the last couple of days, as we are simply hanging around the 200-day EMA.

The NASDAQ 100 rallied ever so slightly on Wednesday but gave back the early gains to turn things around and show signs of hesitation.

The S&P 500 initially tried to rally a bit on Wednesday but gave back the gains as sit on the sidelines and wait for the jobs figure on Friday.

There is steady momentum in the Forex market against the US dollar.

The euro rallied again on Wednesday as we continue to see a lot of upward pressure.

The British pound was somewhat bullish on Wednesday as the US dollar fell a bit.

The Bitcoin market rallied yet again on Wednesday as we continue to undulate back and forth in the same consolidation area just below the $50K level.

The US dollar initially tried to rally on Wednesday but then turned around to show signs of weakness yet again.

Gold markets fluctuated on Wednesday as we hang about just below the significant resistance zone that extends from $1825 to the level of $1835.