Forex Daily Forecast, Analysis and Prediction

Resistance nearby at $37,179 may slow further upwards movement.

The Australian dollar continued its sell-off during the US and Australian sessions.

The EUR/USD pair bounced back in the American session even after the relatively weak European economic data.

The GBP/USD exchange rate dropped for three straight days as the price of crude oil dipped and after a relatively hawkish statement by the Bank of England (BoE) governor.

The price of gold was exposed to selling operations that pushed it towards the support of $1,956 per ounce before settling around the level of $1,970.

The price of the USD/JPY currency pair has rebounded higher for the third consecutive day.

As we predicted, the GBP/USD pair sold off after its recent gains, which reached the resistance level of 1.2428, its highest level in nearly two months.

For the second day in a row, the price of the EUR/USD pair gave up the recent gains of the upward rebound, following weaker than expected US jobs numbers.

The price of the Turkish Lira stabilized against the US dollar near its lowest level ever during early trading on Wednesday morning.

The USD/JPY continues to exhibit an ability to achieve higher values and sustain momentum upwards, this as the Bank of Japan rattles the threat of intervention.

Having gained ground since the 1st of November the NZD/USD is within the higher elements of its one month range, but nervous sentiment remains abundant even for bullish traders.

The AUD/USD experienced a substantial decline during Tuesday's trading session, plummeting to the 0.64 level, where it coincided with the 50-Day EMA indicator.

The Crude oil markets experienced a sharp initial decline during Tuesday's trading session, yet there are hints of a potential rebound emerging.

The British pound finds itself locked in an ongoing battle, stubbornly hovering around the ¥185 level against the Japanese yen, a currency grappling with its own set of challenges.

The Euro's performance during the early hours of Tuesday exhibited a downward trend, with its trajectory approaching the 50-Day Exponential Moving Average (EMA).