Forex Daily Forecast, Analysis and Prediction

Short-term pullbacks are buying opportunities as we wait for value to appear in this pair.

Bitcoin continues to rise, even trading to the upside of an ascending price channel which has been holding the price action for the past five days.

The WTI crude oil price is showing signs of bottoming after hitting a key support level at $55.40. It has plunged by over 25% from its highest level in 2025 and is hovering near its lowest level in years.

The EUR/USD pair ended the week in the red last week as many investors remained in a holiday mood. It was trading at 1.1720, down slightly from last year’s high of 1.1910 ahead of key events this week.

The AUD/USD exchange rate was flat on Monday as traders waited for important macro data from the US and Australia. It was trading at 0.6695, a few pips below last week's high of 0.6725.

The GBP/USD pair remained on edge at a crucial support level as traders waited for important macro data. It was trading at 1.3460 on Monday morning, down slightly from last week’s high of 1.3535. It remains much higher than the November low of 1.3000.

The EUR/USD pulled back as volume started rising after last week’s New Year celebrations. It retreated to a low of 1.1720, a few pips below last week’s high of 1.1817. It will likely start its volatility after the recent events in Venezuela and as traders wait for key macro data from the United States and Europe.

This weekly market forecast analyzes forex, commodities, crypto, and indices, highlighting key price levels and market outlooks.

The US dollar continues to grind higher against the yen in a choppy range, with support near the 50-day EMA around 155 and resistance at 158, as the wide US–Japan rate differential and BOJ’s limited tightening scope keep a buy-the-dip bias intact toward the 160 area.

The US dollar continues to edge up against the Swiss franc in a well-defined 0.79–0.8150 range, with traders favoring buy-the-dip setups amid thin holiday liquidity, SNB discomfort with franc strength, and a positive swap supporting long USD/CHF positions.

The S&P 500 has eased slightly as traders head into New Year celebrations, yet the broader uptrend remains intact, with buyers likely to step in on dips above the 6,500–6,800 support zone while aiming for a move toward the 7,000 level and beyond.

The euro remains under pressure below the 1.18–1.1875 resistance zone, with EUR/USD likely to stay choppy and range-bound as traders juggle Fed cut expectations against lingering demand for the US dollar as a safe haven.

WTI crude remains under pressure as repeated selling on rallies, record US output and ample global supply cap prices below key resistance, leaving the market biased to sell short-term bounces above the $55 support zone.

Silver remains highly volatile, with repeated selloffs testing the $70 support level and raising the risk of a deeper slide toward $65, making caution essential for traders.