Forex Daily Forecast, Analysis and Prediction

The FTSE 100 has rallied a bit during the trading session on Wednesday as we continue to see the 50 day EMA offers support.

The WTI market rallied quite significantly during the trading session on Wednesday to wipe out the losses from Tuesday.

The NASDAQ 100 has given back the gains as the NASDAQ was closing towards the bottom of the range for the trading session.

The Euro drifted a little bit during the trading session on Wednesday to reach down towards the 1.18 handle before bouncing ever so slightly.

The British pound has broken a bit to the downside on Wednesday to pierce the initial support at 1.3750.

The Australian dollar has fallen a bit during the trading session to reach down below the 0.76 level before turning around and showing signs of support.

Bitcoin initially pulled back just a bit to test the support level underneath, and then turned around to show signs of strength yet again.

Gold markets have rallied a bit during the trading session on Wednesday to show a continuation of the overall consolidation that we have been in.

We find ourselves at a highly peculiar juncture in economic history.

The USD/MXN is traversing within the middle ground of its one-month charts and short-term traders need to be careful.

The USD/ZAR has produced a reversal higher since hitting lower values on the 17th of March, and short-term resistance levels are being challenged.

The USD/INR has produced a reversal higher in the past twelve hours after hitting important support levels below.

The USD/SGD continues to produce choppy results for short-term speculators and the Forex pair’s recent run higher raises questions.

$53K area remains key to bullish hopes.

The price is trading at a 6-week low on the dollar's strength.