Forex Daily Forecast, Analysis and Prediction

The British pound has pulled back a bit during the trading session on Wednesday but continues to find support near the uptrend line that has been important for some time.

The Euro has broken down below the 1.10 level during trading on Wednesday, which of course has been a major support level over the last several months.

The Australian dollar has rallied a bit during the trading session initially during Wednesday, but then broke down below the 0.6750 level.

AUD/USD: Lots of room to fall further

USD/JPY: Risk-off shocks boost Yen

The West Texas Intermediate Crude Oil market has initially gapped higher to kick off the trading session on Wednesday, only to turn around and reach towards the bottom of the overall consolidation range that it has been in for some time.

The natural gas markets have fallen during the trading session on Wednesday, as we continue to see this market dance around below the $1.90 level.

Gold markets rallied a bit during the trading session on Wednesday, bouncing from a pullback towards the $1565 level to show signs of life again.

Cut markets have pulled back slightly earlier in the trading session on Wednesday as we continue to dance around the $70 level.

Bitcoin markets continue to plow higher, and during the day on Wednesday even managed to break above the top of the shooting star from the previous session that signals such strength.

Ethereum has advanced in unison with the return of bullish sentiment across the cryptocurrency sector.

BTC/USD: Key support near $9,200 holding

GBP/USD: More bearish below 1.2975

This currency pair is exposed to central banks on a mission to devalue their respective currencies.

EUR/USD: Support level at 1.0993 looks pivotal