Forex Daily Forecast, Analysis and Prediction

The US dollar continues to see a lot of noisy behavior as the war in Iran causes massive volatility in various assets. At this point, oil is another thing to think about in this particular market.

We are closer towards the top of the consolidation area at the moment, as we are looking to see whether or not the market can move further, or if we are still stuck in the same region.

The 1.16 level is an area that I am watching, as the markets are trying to turn things around, as the markets are moving on risk appetite more than anything else.

The Australian dollar continued rising this week, reaching its highest level since June 2022. It remains in a bull market after soaring by 21% from its lowest point in 2025 as focus shifts to the upcoming US inflation report.

The price has been rising quite strongly so far this week, suggesting that the move might overcome the resistance level at $0.7134 which guards the long-term high price just above.

The Euro fell early on Monday, as the markets continued to see a lot of volatility. With this, the market is likely to remain noisy, but at the end of the day, we are also rangebound.

The British pound initially fell a bit against the US dollar as the markets tried to price in a massive escalation of the war in Iran.

The gold market initially fell during the trading session on Monday, but found plenty of buyers near the $5,000 level.

The light sweet crude oil market was all over the place on Monday, as retail traders most certainly got blown up.

Silver initially plunged on Monday to kick off the week but found plenty of support near the $80 level yet again.

Bitcoin has been very noisy during the trading session to kick off the week, as we continue to see Bitcoin fight back against massive selling pressures out there.

The British pound initially fell on Monday to break below the 1.04 level against the Franc, as risk appetite has been damaged early. However, we have turned around quite impressively.

The Canadian dollar jumped against the Japanese yen as oil spiked in the early hours of Monday.

The German DAX fell initially on Monday but has seen a lot of buying later in the day, as risk appetite has picked back up again in Germany.

The Nasdaq 100 has fallen significantly at the open in Asian and European trading, but as we have seen for some time, the Americans turn things around when New York opens.