Forex Daily Forecast, Analysis and Prediction

The Nasdaq 100 is slightly weaker in early Tuesday trading, though markets remain focused on Wednesday’s FOMC decision and press conference.

GBP/CHF extended its climb on Monday, testing key resistance at 1.0750 as SNB intervention fears weigh on the franc, with support seen at 1.07 and 1.0650 in a broader bullish trend.

AUD/USD showed indecision on Monday ahead of the FOMC decision, with traders watching the 0.67 level as a key breakout or rejection point amid broader US dollar uncertainty.

The S&P 500 dipped slightly on Monday as traders await clarity from the Fed, with key support near 6,800 and the broader bullish trend still intact.

Bitcoin stabilizes near key support at $80,000 as extreme pessimism and institutional activity hint at a possible bottom, with a bullish breakout confirmed on a daily close above $93,000.

USD/CHF pushes higher as SNB intervention talk and solid support at 0.79 attract dip-buying ahead of the Fed decision, with the broader bias remaining bullish.

Silver extends its strong upward move, breaking above $60 as traders anticipate the Federal Reserve’s upcoming rate decision and press conference.

GBP/USD retreats from recent highs as resistance near 1.34 holds and traders shift focus to the upcoming Fed decision, with fundamentals still favoring U.S. dollar strength.

GBP/JPY pushes higher as the yen remains under pressure from ultra-loose BOJ policy and wide rate differentials, with shallow pullbacks offering bullish opportunities in a stable global risk environment.

EUR/USD remains range-bound ahead of Wednesday’s FOMC decision, with traders awaiting clues on the Fed’s tone while technical levels between 1.14 and 1.18 define the current consolidation zone.

Gold (XAU/USD) remains firmly bullish, holding above $4220 with momentum indicators supportive of further gains; while rate-cut expectations drive investor sentiment, traders eye Fed guidance for the next catalyst.

EUR/USD is holding steady near 1.1640 as bullish momentum persists, but narrow trading is expected ahead of the US Fed decision; strong Eurozone data supports the euro, while traders await major US policy signals.

Bitcoin (BTC) clawed its way back above the $90,000 mark on Monday, marking a pivotal moment in what could be a defining moment for the next leg up.

USD/MXN continues its downward trend below 18.20000, with traders eyeing Fed guidance this week for further direction. Momentum favors the downside, but short-term volatility remains a risk.

USD/ZAR remains under 17.00000 as bearish momentum holds, but strong support and upcoming Fed guidance may limit further downside in the near term.