Forex Daily Forecast, Analysis and Prediction

Bullish momentum started to accelerate after this currency pair reached its support zone which halted the corrective phase in the AUD/NZD

Further upside potential in the EUR/CAD remains exhausted as this currency pair advanced into its resistance zone

Volatility in the USD/MXN has increased, but a bullish trend started to form.

Ethereum is under fundamental bearish pressures as developers are leaving for better projects, and the world’s second-biggest cryptocurrency by market value is under threat from multiple fronts.

NZDUSD: Bullish flag pattern

AUDUSD: Bearish breakdown from consolidating triangle pattern

USDJPY: Slow bearish price channel

The S&P 500 has sold off initially during the trading session on Wednesday, reaching down below the 3100 level before snapping back to the upside.

The Euro initially fell during the trading session on Wednesday, but then turned around to show signs of life again.

The British pound initially fell during the trading session on Wednesday, filling the gap from the beginning of the week, and we have then turned around to form a bit of a hammer.

The NASDAQ 100 sold off during the trading session on Wednesday, reaching down towards the 8200 level before bouncing significantly.

The US dollar went back and forth during the trading session on Wednesday, as we continue to bounce around between the 50 day EMA underneath and the 200 day EMA above

Natural gas markets rallied during the trading session on Wednesday, breaking above the 200 day EMA during the session.

The Australian dollar pulled back a bit during the trading session on Wednesday, breaking down below the 50 day EMA as we get more of a “risk off” type of situation

The West Texas Intermediate Crude Oil market rallied rather significantly after initially hitting the $55 level underneath.