Forex Daily Forecast, Analysis and Prediction

Crude oil rallied strongly after hot NFP data, breaking toward the $65 neckline of a bullish inverted head-and-shoulders pattern, with targets near $67.50.

The AUD/USD pair is trending upward within an ascending channel as strong technical indicators and improving sentiment point to gains toward 0.6600.

The GBP/USD pair is showing signs of a small double-top pattern as traders await US inflation and UK economic data, with potential for near-term pullback or breakout.

The EUR/USD pair is consolidating into a potential double-top pattern following an ECB rate cut and strong US jobs data, with key movement expected after US inflation figures.

Risk sentiment continued to improve this week, with early signs of a bullish reversal in the US Dollar dominating Forex markets, while stocks traded a bit higher, and commodities markets were dominated by the strong bullish move to a new 13-year high in Silver.

After a run higher from Wednesday into Thursday that saw the 1.15000 level coming into sight, cautious EUR/USD trading hampered bullish perspectives and the currency pair traversed lower going into the weekend.

After spending most of last week within a well defined and known price range, Friday’s trading saw a run higher and WTI Crude Oil coming within sight of the 64.000 USD ratio.

Volatile week ahead for gold, oil, and FX pairs. Jobs data and key levels could drive short-term moves across major markets.

The US dollar rebounded against the yen on Thursday, holding key support at 142, with traders watching resistance near 145 ahead of Friday’s NFP data.

The US dollar is gradually weakening against the Mexican peso, supported by Mexico's favorable interest rate differential and stabilized trade relations with the US.

The Euro is pushing toward the critical ¥165 level against the Yen, with a potential breakout hinging on broader yen weakness and Bank of Japan policy limits.

Bitcoin extended its gradual decline on Thursday, testing key support near $100,000 as traders digest gains and institutional interest keeps the outlook bullish.

The Nasdaq 100 paused its rally on Thursday as traders awaited U.S. non-farm payroll data, with overbought conditions and tariff concerns weighing on sentiment.

Natural gas markets hesitated near the top of a long-term range on Thursday, with seasonal demand shifts and upcoming U.S. jobs data urging trader caution.

Silver broke above the $35.48 resistance but pulled back as focus shifted to the NFP report, with bullish momentum targeting $37.50 if Thursday’s high is breached.