Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market pulled back on Wednesday as we continue to trade in a significant channel.

The US dollar rallied just a bit on Wednesday to show signs of life as the 1.28 level has offered support.

The S&P 500 pulled back rather drastically on Wednesday as the negative pressure continues to be drastic.

The Parisian CAC pulled back rather significantly on Wednesday as we had approached the 50-day EMA, and then pulled back rather drastically.

The pair remains vulnerable to a bearish breakdown due to the long-term trend.

The market in Stellar initially tried to rally but then rolled over to show signs of weakness.

The Bitcoin market fell rather hard on Wednesday as the $30,000 level has caused a bit of resistance.

The euro fell a bit on Wednesday as we continue to see more of a “risk-off” type of move in the market.

The British pound fell during the trading session on Wednesday as we continue to see a lot of noisy behavior.

Litecoin initially tried to rally on Wednesday but gave back the gains to show less than bullish behavior.

The GBP/USD pair pulled back on the back of a stronger US dollar as global risks rose.

The BTC/USD pair correlation with American stocks continued in the overnight session.

The AUD/USD pair rose slightly during the Australian session as investors reacted to the stronger US dollar and the latest Australian jobs data.

During the recent trading sessions, we noticed a rebound in the price of the euro currency pair against the dollar, EUR/USD, with gains to the resistance level of 1.0556.

As the performance of last week, the USD/JPY currency pair has been moving since the start of this week’s trading in a narrow range with an upward bias.