Forex Daily Forecast, Analysis and Prediction

Bitcoin is holding above $110K and the 50-day EMA, with bullish momentum targeting $117K–$120K while $108K remains key downside support.

USD/CAD remains rangebound below the 200-day EMA, with support at 1.3750 and resistance near 1.40 as Fed policy and Canada’s weak outlook drive sentiment.

USD/ZAR is testing support near 17.50, with a breakdown below 17.40 opening downside risk toward 17.00 as global risk appetite drives Rand strength.

Nvidia shares surged 4% toward $185 on bullish AI momentum and strong cash outlook, with pullbacks viewed as potential buying opportunities.

EUR/USD remains rangebound between 1.16 and 1.18 as traders await Thursday’s ECB decision for direction.

USD/JPY remains rangebound near 146.50 with bullish bias intact, supported by interest rate differentials and anticipation of Thursday’s US CPI release.

USD/INR consolidates near 88.00 with potential for a breakout above 88.50 or a short-term dip, as trade tensions and global growth concerns drive sentiment.

GBP/JPY remains bullish above 198.00 support as it tests the major 200.00 resistance, with interest rate differentials and global risk sentiment in focus.

BTC/USD is trading near $113,200 within a rising wedge pattern, indicating a potential bearish reversal as markets price in aggressive Fed rate cuts.

GBP/USD is consolidating above support with a bullish inverse head and shoulders pattern as markets await Fed and BoE rate decisions.

EUR/USD trades with a bullish bias ahead of the ECB decision and US CPI data, supported by a technical breakout setup targeting 1.1830.

The Australian Dollar has been losing ground against the greenback since it made a significant new high yesterday.

EUR/USD is holding above 1.1700 inside an ascending channel, with U.S. CPI and ECB policy updates set to determine whether bulls can push toward 1.1810 and beyond.

Gold hovers near $3,640 after setting a record high at $3,674, with Fed rate cut expectations and geopolitical risks fueling bullish momentum toward $3,700.

The USD/ILS steadied near 3.3360 after briefly spiking on Israel’s Qatar strike, with traders now awaiting U.S. inflation data to guide the next move.