Forex Daily Forecast, Analysis and Prediction

The silver markets have rallied again during the trading session on Wednesday but continue to struggle with the $28 handle.

USD/JPY: Time to get interested in the Japanese Yen

BTC/USD: Room to rise to $11,460 remains

The NASDAQ 100 has initially tried to rally during the trading session on Wednesday but then broke down rather significantly throughout the day as technology stocks continue to suffer.

The S&P 500 has rallied a bit during the trading session on Wednesday but gave up the gains just above the 3400 level.

GBP/USD: Price rejected big round number at 1.3000

EUR/USD: Price bouncing back from the low edge of month’s range

The US dollar has broken down significantly during the trading session on Wednesday, slicing through the ¥105 level, but is closing right around that level.

The Australian dollar continues to struggle at the 0.73 level, an area that has been resistant more than once.

The British pound rallied again during the trading session on Wednesday.

The Euro continues to look very heavy above, as the 1.19 level has offered a significant amount of resistance.

The West Texas Intermediate Crude Oil market has bounced rather hard during the trading session on Wednesday.

The Bitcoin market has been bullish during the trading session on Wednesday, as the Federal Reserve continues to keep its monetary policy very loose.

Since the beginning of this week’s trading, the EUR/USD has been in an upward correctional range, which pushed it towards the 1.1900 resistance.

For five trading sessions in a row, gold prices witnessed an upward movement with gains that pushed to $1973 an ounce, its highest level in two weeks.