Forex Daily Forecast, Analysis and Prediction

The FTSE 100 initially tried to rally during the trading session on Wednesday but gave back the gains to show signs of slight exhaustion.

The S&P 500 went back and forth during the trading session on Wednesday as it continues to reach towards the all-time highs.

The NASDAQ 100 rallied just a bit during the trading session on Wednesday as we continue to make new highs.

The support level at 1.1910 is starting to look pivotal.

Perhaps more pain is ahead for the gold bulls.

The Australian dollar rallied a bit during the trading session on Wednesday to reach towards the 0.76 level.

The market did very little during the trading session on Wednesday, which suggests that it is simply too weak to continue going higher for much longer.

The euro fluctuated during the trading session on Wednesday as we continue to hang around the 200-day EMA.

The British pound rallied a bit during the trading session on Wednesday to reach towards the 1.40 handle above and the 50-day EMA as well.

The GBP/USD is rising for the fourth straight day as investors wait for the latest Bank of England (BOE) interest rate decision.

The BTC/USD retreated after staging a relief rally on Wednesday.

Since the start of this week's trading, the price of the EUR/USD has been trying to correct upward and compensate for its sharp losses recently, to reach the 1.1848 support level.

For three trading sessions in a row, the price of the GBP/USD currency pair is trying to correct upwards.

There are factors that strongly contributed to pushing the price of the US dollar against the Japanese yen currency pair to correct higher with gains

Despite the halt of the recent sharp gains of the US dollar, the price of gold lacks sufficient momentum to rebound higher.