Forex Daily Forecast, Analysis and Prediction

The Euro drifted a little bit during the trading session on Wednesday to reach down towards the 1.18 handle before bouncing ever so slightly.

The British pound has broken a bit to the downside on Wednesday to pierce the initial support at 1.3750.

The Australian dollar has fallen a bit during the trading session to reach down below the 0.76 level before turning around and showing signs of support.

Bitcoin initially pulled back just a bit to test the support level underneath, and then turned around to show signs of strength yet again.

Gold markets have rallied a bit during the trading session on Wednesday to show a continuation of the overall consolidation that we have been in.

We find ourselves at a highly peculiar juncture in economic history.

The USD/MXN is traversing within the middle ground of its one-month charts and short-term traders need to be careful.

The USD/ZAR has produced a reversal higher since hitting lower values on the 17th of March, and short-term resistance levels are being challenged.

The USD/INR has produced a reversal higher in the past twelve hours after hitting important support levels below.

The USD/SGD continues to produce choppy results for short-term speculators and the Forex pair’s recent run higher raises questions.

$53K area remains key to bullish hopes.

The price is trading at a 6-week low on the dollar's strength.

Usually, the price of gold moves higher in times of uncertainty and risk-aversion, but this time the price of gold collided with the strength of the US dollar.

After the GBP/USD pair abandoned the 1.4000 psychological resistance level, the bears gained control and succeeded in pushing the pair towards the 1.3740 support.

Renewed fears and risk-averse sentiment were positive for the Japanese yen against the rest of the other major currencies.