Forex Daily Forecast, Analysis and Prediction

The British pound is likely to look for support underneath, as it has reached towards the 50 day EMA during the Wednesday session.

Gold markets have broken down rather significantly during the trading session on Wednesday, as we have formed a horrifically bearish candlestick.

Bitcoin markets broke down a bit during the trading session again on Wednesday, as we continue to see a lot of weakness in the cryptocurrency markets.

The West Texas Crude oil market gap lower to kick off the trading session on Wednesday, but then reached down to fill the gap that started with the drone attack on the Saudi oil fields.

The S&P 500 initially fell during the trading session but found enough support near the 2950 level to turn around and form a rather bullish candle stick.

Natural gas markets initially pulled back during the trading session on Wednesday, breaking below the $2.50 level.

Bearish pressures on the British Pound are increasing following political uncertainty as a result of the Supreme Court verdict that Prime Minister Johnson’s prorogation of Parliament was unlawful.

A rise in optimism in regards to a US-China trade deal was enough to pause the sell-off in the EUR/CHF.

US President Trump suggested that a trade deal with China could be reached sooner than most people expect.

Since the beginning of this week, the EUR/USD has been under stable downside pressure below the 1.1000 psychological support level

Britain's Supreme Court unanimously found that the British government had violated its authority by closing the parliament

Despite recent US dollar gains, the price of gold continues its gains, which tested the $1,535 resistance

Investors' appetite for safe havens increased, supporting stronger USD/JPY losses

NZDUSD: Bearish but support at 0.6288

AUDUSD: Heading to 0.6753