Forex Daily Forecast, Analysis and Prediction

The USD/CAD is near the 1.35935 price as of this writing and continues to show an ability to incrementally climb higher.

The S&P 500 was a bit choppy early during the trading session on Tuesday as we continue to look to the upside.

Bitcoin seemed a bit stagnant during the early hours on Tuesday after shooting straight up in the air on Monday.

The NZD/USD has continued to incrementally linger near lows and signal that bearish behavioral sentiment remains the dominant force within the currency pair.

The British pound has been slightly positive during the early hours on Tuesday against the Japanese Yen.

The Euro rallied slightly in the early hours on Tuesday as we have now reached the 50 day EMA.

A drop below $68,552 likely to signal a deeper pullback.

The German DAX had another strong session on Tuesday as we continue to plow higher.

The French CAC initially pulled back just a bit during the trading session on Tuesday but found buyers yet again.

The US dollar is stable at a very high level against the Japanese yen, so that of course is a very bullish sign.

The US dollar has fallen a bit against the Canadian dollar during the trading session on Tuesday.

The GBP/USD pair retreated on Wednesday morning.

The EUR/USD pair pulled back slightly after the weak US consumer confidence report.

The Australian dollar was flat against the US dollar on Wednesday morning.

As previously noted, the contrast between the hawkish stance of the US Federal Reserve and the Bank of Japan, which has abandoned negative interest rates cautiously, provides strong momentum for the bulls' control over the direction of the USD/JPY currency pair.