Forex Daily Forecast, Analysis and Prediction

EUR/USD continues to struggle near 1.16 amid fading rallies and uncertainty ahead of the FOMC, with technical resistance and fundamental divergence favoring a mildly bearish outlook.

USD/CAD remains range-bound between 1.39 and 1.4150, with support from key moving averages and U.S. economic strength giving the pair a slight bullish bias.

GBP/USD faces bearish pressure below the 1.32 level amid technical resistance and expectations that U.S. economic strength will outpace the U.K., keeping the dollar favored.

USD/CHF is supported by a wide US–Swiss interest rate differential and Swiss National Bank concerns over franc strength, with pullbacks seen as buying opportunities above the 0.8000 level.

BTC/USD rebounds sharply above $92,000, forming a bullish engulfing pattern amid policy optimism and ETF demand, with a potential upside target of $96,000.

GBP/USD retreats to 1.3200 as bearish technical signals align with growing expectations of rate cuts from the BoE and Fed, pointing to a possible drop toward 1.3100.

EUR/USD remains flat near 1.1600 as bullish momentum fades, with traders eyeing Lagarde’s speech and key economic data for direction amid rising rate cut expectations.

Gold prices surged to $4265 as XAU/USD continues its bullish breakout trend, supported by Fed rate cut expectations and central bank gold purchases.

EUR/USD trades near 1.1600 in a neutral triangle pattern, with a breakout likely as traders await Eurozone inflation data and Fed policy clues, amid growing divergence between ECB and Fed outlooks.

USD/BRL continues to consolidate near 5.3571 within a well-defined range, with traders watching for potential breakout catalysts from the upcoming U.S. Federal Reserve interest rate decision.

The USD/ZAR has reaffirmed its bearish trend the past handful of days and is lingering within the lower realms of its value once again, as of this morning the currency pair is near 17.11850 with fast action.

USD/CAD remains rangebound, stalling at 1.40 resistance and the 50-day EMA, with the pair consolidating between 1.39 and 1.41 amid cross-border trade noise and dollar volatility.

Bitcoin plunged more than 6% on Monday, testing the crucial $80,000 level as fears of institutional exit raise the risk of a deeper selloff toward $75,000 or even $55,000.

EUR/JPY dipped early Monday but continues to hold above key support as the weak yen supports a broader uptrend, unless the 175 level breaks decisively.

The British pound stalled near key moving averages on Monday as traders remain cautious ahead of central bank decisions, with GBP/USD biased lower unless 1.3350 is broken.