Forex Daily Forecast, Analysis and Prediction

As we expected from the beginning of this week, the EUR / USD will continue to move in a limited and narrow range, which occurred,

Ahead of the release of the first inflation indicators in the United States, the price of the USD / JPY is stabilizing bullishly around the 107.84 resistance level at the time of writing, its highest in five weeks.

Bitcoin, the largest and most influential cryptocurrency, is once again turning lower which has created the fourth lower high since June of this year.

Gold came under selling pressure after reaching a multi-year intra-day high of 1,556.74 which is marked by the red rectangle in the chart.

NZDUSD: Bullish consolidation above 0.6406

AUDUSD: Significant bullish break above 0.6850

USDJPY: Yet more bullish above 107.57

Bitcoin: Bearish below $10,140

The NASDAQ 100 has fallen during the trading session on Tuesday, reaching towards the 50 day EMA before turning around completely.

The West Texas Intermediate Crude market rallied significantly initially during the trading session on Tuesday, but has found the lot of resistance above the 200 day EMA.

The US dollar has pulled back a bit during the trading session on Tuesday, reaching down towards the 61.8% Fibonacci retracement level yet again.

The Bitcoin market has tried to rally again during the trading session on Tuesday but has also failed again.

The NZDUSD just completed a breakout above its support zone which is marked by the grey rectangle in the chart.

The S&P 500 fell immediately during the trading session on Wednesday, only to find buyers below at the top of the recent consolidation that we have just broken out of.

The Australian dollar went back and forth during the trading session on Tuesday, slicing around the 0.6850 level.