Forex Daily Forecast, Analysis and Prediction

The GBP/USD was flat on Wednesday as investors reacted to the strong US consumer confidence and housing numbers.

The EUR/USD pair continued rising after the relatively hawkish statement by Christine Lagarde, the European Central Bank (ECB) chair.

Bitcoin and other cryptocurrencies remained in a tight range ahead of the coming options expiry.

My previous signal on 20th June produced a profitable long trade from the bullish pin bar / doji which rejected the support level identified at $0.6756.

Stability and tight trading is what characterizes the performance of the EUR/USD currency pair since the start of trading this week, amid a bearish momentum

It seems that the recent stability of the performance of the USD/JPY currency pair turned its strongest gains towards the resistance level 143.88 on an important date today

GBP/USD fell late last week after testing a major technical resistance just above 1.2850 on the charts.

At the beginning of trading this week the rally in gold futures faded as the political turmoil in Russia ostensibly abated.

The past four weeks of trading in the USD/CAD have found a solid trend downwards.

The USD/SGD is near the 1.34925 ratios as of this writing after reversing lower.

The USD/JPY experienced a pullback in Monday's trading session, but the ¥142.50 level could serve as a potential support area.

The EUR/USD rallied slightly in Monday's trading session as upward pressure remains a prominent theme.

During Monday's session, the GBP/USD displayed a period of stagnation, finding itself positioned above a significant level of interest.

The GBP/JPY initially attempted a rally against the Japanese yen in Monday's trading session but quickly surrendered its gains.

The AUD/USD has experienced a period of stabilization in recent trading sessions after weeks of declining value.