Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 fell during the trading session on Wednesday as we have seen a lot of risk appetite get crushed during the day.

The S&P 500 fell rather hard during the trading session on Wednesday to reach down towards the uptrend line that has been so crucial in this market.

0.7778 may be today’s pivotal point.

The euro initially rallied during the trading session on Wednesday but found a significant amount of resistance to turn things back around.

Risk sentiment around the world fell rather hard at one point during the trading session on Wednesday as the market had a lot of risk assets falling in general.

Gold markets fluctuated during the trading session on Wednesday as we continue to see a lot of confusion.

The Australian dollar got hit hard during the trading session on Wednesday as the 0.78 level continues offer major resistance.

Most of the move during the trading session on Wednesday was due to massive amounts of liquidation of levered positions in the Bitcoin market, as some traders had gotten far ahead of themselves.

If the bulls cannot bounce back today, the price likely to sink further.

The GBP/USD pair declined in the overnight session after the Federal Reserve minutes of the past meeting.

The BTC/USD sell-off accelerated as worries of more regulations in China continued.

For five trading sessions in a row, the price of the euro currency pair moves against the US dollar, EUR / USD, in an upward correction range

A further abandonment of Britain's restrictions to contain the outbreak of the Coronavirus still supports the British pound against the rest of the major currencies.

The bears succeeded due to factors supporting them in pushing the US dollar against the Japanese yen towards the 108.83 support before settling around the 108.93 level

The strong recent losses of the US dollar were a major reason for the rise in the price of gold to the level of 1875 dollars an ounce, near its highest since the beginning of trading in 2021.