Forex Daily Forecast, Analysis and Prediction

The US dollar rallied a bit against the Japanese yen during the trading session on Wednesday, as we have broken above the ¥106 level.

The Euro has broken down significantly during the trading session on Wednesday, as we have reached below the 1.1850 level.

The British pound fell hard during the trading session on Wednesday but turned around to show signs of survival and resiliency as we bounced above the 1.33 level yet again.

The 3600 level is a large, round, psychologically significant figure that is clearly in the crosshairs of S&P 500 buyers.

The NASDAQ 100 initially fell during the trading session on Wednesday as one would expect, due to the fact that we had broken above the top of the up-trending channel, and therefore are starting to get parabolic.

Gold markets broke down significantly during the trading session on Wednesday, as the US dollar has shot much higher during the trading session.

BTC/USD: Plenty of room for price to fall

GBP/USD: Support at 1.3253 looks strong

The silver market has broken down significantly during the trading session, slicing through the $28 level.

The bitcoin market got absently crushed as it touched the $12,000 level, as we have reached down towards the 11,300 level during the day.

The West Texas Intermediate Crude Oil market has fallen rather hard during the trading session on Wednesday, as the EIA report came out bullish.

EUR/USD: Euro is relatively weak

As recently expected, the bulls might target the 1.2000 psychological resistance for the EUR/USD pair

Despite the uprising of the dollar after its collapse to its lowest in two years, bears maintained the strongest control over the USD/JPY performance

The US dollar strength contributed to the price of an ounce of gold giving up its highest level in two weeks, when it had tested the resistance $1992 level