Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 had an interesting session on Wednesday, as it initially fell but then turned around to spike well above the 7500 level.

The Australian dollar initially tried to rally during the trading session on Wednesday, but as you can see struggled above the 0.60 level II pullback and form a bit of a shooting star.

Silver markets did have a bullish trading session during the Wednesday hours, but as you can see the $15.00 level has offered quite a bit of resistance

Bitcoin has gone back and forth during Wednesday trading, as we find ourselves testing the $7000 level.

Gold markets of course have been very volatile during the trading session on Wednesday, as we approached the $1700 level.

The West Texas Intermediate Crude Oil market initially fell during the trading session on Wednesday but turned around as inventory numbers were a bit better than anticipated.

Despite the gains of other major currencies against the US dollar during yesterday's trading session, the price of the USD/JPY pair is still moving inside a bullish channel.

The strength of the US dollar has stopped, and confidence has returned, even if temporarily, to the global financial markets.

As was the performance with other major currencies, the pound succeeded in making some gains, taking advantage of the weakening dollar.

In light of a temporary pause in the recent US dollar gains, the EUR/USD pair got a momentum towards the 1.0888 resistance.

AUD/USD: Pivotal point at 0.6094

USD/JPY: Yen getting weaker over time

BTC/USD: Strong resistance likely at $7,228

The US dollar initially fell during the trading session on Tuesday, but yet again had seen buyers near the ¥110 level to turn things around and form a massive hammer.

The Euro rallied a bit during the trading session on Tuesday but gave back a significant amount of the gains in order to form a bit of an inverted hammer.