Forex Daily Forecast, Analysis and Prediction

During yesterday's trading, we did not witness a significant move for the GBP/USD pair, as the movement was in the range of 1.2420 and 1.2483 levels and began today’s trading around the 1.2444 level.

Despite this morning dismal Indian services PMI report for April, showing the sector in deep depressive conditions, the Indian Rupee remained resilient.

The EUR/USD currency pair deepened its losses, reaching towards the 1.0825 support before settling around the 1.0840 level at the beginning of Wednesday’s trading.

AUD/USD: More bearish after new lower swing high

USD/JPY: New 6-week low price below 106.50

BTC/USD: Bears still holding price below $9,200

The British pound went back and forth during the trading session on Tuesday as we continue to dance around just below the 50 day EMA

The US dollar initially tried to rally during the trading session on Tuesday but as you can see broke down rather significantly,

GBP/USD: More bearish below 1.2378

EUR/USD: Support at 1.0814 breaking down

The Euro has fallen after initially trying to rally during the trading session on Tuesday.

The S&P 500 rallied a bit during the trading session on Tuesday but is still struggling to get to the top of the gap.

The NASDAQ 100 has broken to the upside during the trading session on Tuesday, filling the gap in order to show signs of significant bullish pressure yet again.

The Australian dollar rallied a bit during the trading session on Tuesday, reaching towards the 0.65 level above.

The US dollar has fallen again during the trading session on Tuesday against the Russian ruble, as we are breaking below the 74 level.