Forex Daily Forecast, Analysis and Prediction

Bitcoin continues to struggle with resistance at $120,000, forming multiple shooting stars, but remains bullish with support at $110,000 and upside potential to $130,000.

The Nasdaq 100 pulled back slightly on Friday after hitting a new all-time high, with options expiration adding volatility, but the uptrend remains intact.

Gold remains rangebound between $3,200 and $3,500, with technical buyers watching for a breakout that could push prices toward the $3,800 level.

BTC/USD consolidates near record highs in a bullish pennant, supported by surging ETF inflows, falling exchange supply, and pro-crypto US policy shifts.

GBP/USD remains under pressure near 1.3371 support, and a break below this level could trigger a bearish move toward 1.3300 amid US dollar strength and UK inflation concerns.

EUR/USD has formed a bullish flag above key support at 1.1570, signaling a potential rebound toward 1.1725 as traders await the ECB’s interest rate decision.

Most analysts forecast muted economic growth over the coming months, while a few believe a mild recession is possible. Equity markets climbed a wall of worry during the second quarter, but will the third quarter bring a correction or an extension of record highs?

The EUR/USD has produced a rather chaotic technical chart as it has moved lower and gone into this weekend near the 1.16250 ratio.

WTI Crude Oil once again provided traders an opportunity to test their technical perspectives as near-term highs were tested, followed by lower reversals to what has become rather durable support levels.

US stock markets rose to reach new record highs, while some metals also traded at or near new long-term bullish breakouts, as US economic data supports a stronger case for rate hikes even as the Federal Reserve seems to be dragging its feet.

Key forex pairs in focus for July 13–19, 2025. View charts and insights to track trends and make informed trading decisions.

The US dollar gained ground against the Canadian dollar on Thursday, breaching the 50-Day EMA and threatening a breakout above the key 1.38 resistance level.

The US dollar continues to consolidate against the South African rand, with a breakout above the 200-Day EMA at 18.16 potentially opening the door to 18.50.

Silver rebounded strongly on Thursday after retesting the $37.50 breakout zone, reaffirming bullish momentum with a near-term upside target of $39.50.

The British pound rallied against the yen on Thursday, targeting a breakout above the ¥200 psychological barrier as improving risk appetite fuels upside momentum.