Forex Daily Forecast, Analysis and Prediction

The silver market has broken down significantly during the trading session, slicing through the $28 level.

The bitcoin market got absently crushed as it touched the $12,000 level, as we have reached down towards the 11,300 level during the day.

The West Texas Intermediate Crude Oil market has fallen rather hard during the trading session on Wednesday, as the EIA report came out bullish.

EUR/USD: Euro is relatively weak

As recently expected, the bulls might target the 1.2000 psychological resistance for the EUR/USD pair

Despite the uprising of the dollar after its collapse to its lowest in two years, bears maintained the strongest control over the USD/JPY performance

The US dollar strength contributed to the price of an ounce of gold giving up its highest level in two weeks, when it had tested the resistance $1992 level

Ahead of anticipated comments from the Governor of the Bank of England later on Wednesday, the GBP/USD pair gave up its highest levels

AUD/USD: Price more likely to reach 0.7292 soon

USD/JPY: Yet bulls face obstacles below 106.41

BTC/USD: Support at $11,557 looks pivotal today

GBP/USD: Pound is still relatively strong

EUR/USD: New resistance levels below 1.2000

The USD/BRL has produced a bearish trend the past week of trading and yesterday’s rather consolidated trading without any sudden reversals higher

Volatile price action late last week and early this week in the USD/INR has caused hectic trading days for speculators.