Forex Daily Forecast, Analysis and Prediction

NZDUSD: Weakly bearish below 0.6390

AUDUSD: Evenly balanced

The NASDAQ 100 has initially fallen during the trading session on Wednesday but has found enough support underneath near the 8150 level to turn around and form a bit of a hammer.

The Euro initially tried to rally during the trading session on Wednesday but gave back the gains a turnaround and form a bit of an inverted hammer.

The British pound has fallen a bit during the trading session on Wednesday as we continue to see significant noise in the Forex markets.

The US dollar has fallen again during the trading session on Wednesday, reaching down below the 200 day EMA yet again

The S&P 500 initially fell during the trading session on Wednesday but turned around to form a nice-looking hammer in order to show underlying resiliency and strength.

Natural gas markets initially started out the day rather bullish on Wednesday but have pulled back a bit as we are getting a bit extended.

The Australian dollar continues to see a lot of noise in general, which makes quite a bit of sense considering just how noisy the situation has been in the Forex markets as of late.

The US dollar continues to find plenty of buyers overall, and recently has tested the crucial ¥109.50 level more than once

Gold markets rallied a bit during the trading session on Wednesday, as we continue to see mass chaos in the financial markets.

The crude oil markets initially tried to rally during the trading session on Wednesday, as we are generally grinding higher.

USDJPY: Trade deal boost for bulls?

After Bitcoin struggled to maintain its uptrend, Litecoin kept pushing higher which took this cryptocurrency into its resistance zone from where bearish forces prevailed and halted the advance.

With five week’s left until the UK election, which will take place on December 12th 2019, the British Pound is under selling pressure