Forex Daily Forecast, Analysis and Prediction

NZDUSD: Bearish price channel still holding

AUDUSD: Confused situation below 0.6750

USDJPY: Higher support at 105.86

The S&P 500 has found quite a bit of volatility during the trading session on Wednesday, initially dropping down towards the 200 day EMA before rallying again.

The NASDAQ 100 has continued to go back and forth during the trading session on Wednesday, as we have seen on Tuesday.

The US dollar has rallied slightly during the trading session on Wednesday, as we continue to consolidate against the Japanese yen.

The British pound has broken down a bit during the trading session on Wednesday, as we continue to see a lot of noise in this market.

The Euro should continue to drift a bit lower due to the fact that the market has been focusing on US Treasuries as of late, and of course the differential between the German and American economies.

The West Texas Intermediate Crude market gapped higher to kick off the trading session on Wednesday, and then shot even higher after the inventory figures showed 10 million barrels drawn away.

Bitcoin: Strong bearish break from consolidating triangle

USDCAD: Short from above 1.3325?

USDCHF Analysis: Consolidation between 0.9800 and 0.9830

GBPUSD: Less bullish as no deal Brexit becoming more likely

EURUSD: Weakly bearish in a slow trend

The US dollar has rallied quite significantly against the Mexican peso during trading on Wednesday, as we continue to see a rush into safety currencies.