Forex Daily Forecast, Analysis and Prediction

USD/INR remains firmly in an uptrend, with support around ₹89 and expectations building for a move toward ₹90 as technical momentum continues despite holiday-thinned trading.

The Tel Aviv 35 is rebounding off the 3,300 level, with continued strength in pharma and banking sectors supporting a broader uptrend and dips viewed as buying opportunities.

Gold continues to press against the $4,200 resistance zone, with a breakout above $4,250 signaling further upside while pullbacks above $3,950 remain attractive to buyers.

The DAX continues to consolidate between €23,000 and €24,500, with the 50-day EMA acting as a key pivot and pullbacks still offering potential buying opportunities.

USD/ZAR continues to trade choppily above key support at 17, with a likely range between 17.00 and 17.50 persisting until clearer signals emerge from the Federal Reserve.

EUR/USD continues its rebound near 1.1615 in a neutral trend, with thin holiday trading and weak Eurozone data keeping the pair capped below key resistance at 1.1720.

Gold prices remain bullish near $4145, with the market eyeing a breakout above $4220 as Fed rate cut expectations and strong global demand continue to support XAU/USD.

USD/SGD remains under pressure after forming a bearish flag and double-top, with weak US economic data and strong Singapore growth pointing to a potential drop toward 1.2900.

NZD/USD jumped after the RBNZ’s hawkish rate cut, but the pair now faces key resistance and may resume its broader downtrend amid rising US rate cut expectations.

USD/CAD plunged on Wednesday amid rising Fed rate cut expectations, but strong support at 1.40 suggests the broader uptrend could resume after holiday-related volatility subsides.

GBP/JPY surged on Wednesday as the UK budget boosted pound strength and persistent yen weakness supported a continued uptrend toward the 208.50 level.

Ethereum rallied back above $3,000 on Wednesday, showing signs of stabilization after a sharp decline, though long-term concerns remain amid a recent death cross.

The DAX continues to attract strong inflows, holding firmly within its established range as traders eye a potential breakout above 24,500 euros.

The euro fell against the pound following the UK budget, but strong support near 0.8750 suggests a potential bullish reversal as the broader uptrend remains intact.

A third-quarter revenue beat with soft fourth-quarter guidance, excessive valuations, and scepticism about its forward growth are red flags. More downside for Fortinet after its earnings miss?