Forex Daily Forecast, Analysis and Prediction

The EUR/USD is testing fresh lows in early trading this morning as mid-term support ratios continue to remain in view.

ADA/USD continues to produce fluctuations which speculators will find attractive, but the lower price range remains difficult to navigate.

The new resistance level at 1.1856 looks pivotal.

Gold has managed to gain some traction in the past twelve hours, after struggling the past couple of days near important mid-term support.

The euro struggled again during the trading session on Wednesday as we have reached towards the 1.1850 level.

The British pound initially tried to rally during the trading session on Wednesday but gave back the gains rather quickly to fall towards the 1.38 handle.

The FTSE 100 fell a bit during the trading session on Wednesday to pierce the 50-day EMA and the uptrend line which is part of the ascending channel that we have been in for some time.

The S&P 500 initially drifted a bit lower during the trading session on Wednesday, but then turned around to show signs of strength.

The NASDAQ 100 rallied ever so slightly during the session on Wednesday as we continue to reach ever so higher heading towards the jobs number.

Ethereum did very little during the trading session on Wednesday, as we are hanging about the $2150 level.

This is a market that looks as if it is going to go sideways for a while.

Gold markets fell a bit to kick off the trading session but then turned around to show signs of resiliency as the $1750 level has offered support.

The Australian dollar initially tried to rally during the trading session on Wednesday, but then gave up all of those gains to reach below the 0.75 handle.

The Bitcoin market pulled back just a bit during the trading session on Wednesday, as the 200-day EMA has offered significant resistance.

The BTC/USD pair declined in early trading as traders started to position themselves for the new month.