Forex Daily Forecast, Analysis and Prediction

The Bitcoin market fell rather hard during trading on Wednesday, reaching down below the 50 day EMA during that day.

The Australian dollar initially tried to rally during the trading session on Wednesday, reaching towards the 0.68 handle.

Ahead of the release of the minutes of the last Fed meeting, the EUR/USD stabilizes below the 1.1100 support level.

For five trading sessions in a row, the GBP/USD pair is trying to correct higher, but the gains did not exceed the 1.2180 resistance level recorded during Tuesday's trading session.

Despite the decline in the price of gold to the $1493 support level during Tuesday's trading session and because the incentives for its gains still stands.

On the daily chart, it appears that the USD/JPY is stabilizing in tight ranges for several sessions between the 105.70 support level and the 106.68 resistance level before settling around 106.40 at the time of writing, and before the release of the last Fed minutes of the meeting.

NZDUSD: Slow bearish price channel

AUDUSD: Ranging and technically unpredictable

USDJPY: Price cannot get above 106.73

Bitcoin: Bearish trend line pushed price down

USDCAD: Still bullish above 1.3286

USDCHF Analysis: Still bullish above 0.9774

GBPUSD: Messy and unpredictable on Brexit renegotiation attempt

EURUSD: Bearish below 1.1088

The West Texas Intermediate crude oil market initially fell during the trading session on Tuesday, as we continued to see a lot of volatility when it comes to the energy markets.