Forex Daily Forecast, Analysis and Prediction

USD/CAD continues to trade sideways between 1.3700 and 1.4000, with traders awaiting a breakout for clarity amid tariff risks and post-election uncertainty.

Silver continues to range between $32 and $34 as volatility persists, with traders watching the FOMC and tariff headlines for the next breakout catalyst.

The British pound stalled near the 1.35 resistance on Monday, with upcoming FOMC and BoE decisions expected to drive volatility and determine breakout potential.

Gold remained strong on Monday, consolidating between $3,200 and $3,500 ahead of the Fed decision, with the broader trend still favoring the upside.

The last two weeks have seen a quiet market in this currency pair, with the price established within a neutral, ranging consolidation.

AUD/USD surged past key resistance on trade optimism and political stability, with technicals signaling a likely move toward 0.6600 in the short term.

GBP/USD has pulled back from recent highs ahead of key Fed and BoE decisions, but a bullish cup-and-handle pattern suggests a potential rebound toward 1.3430.

EUR/USD continues to decline ahead of the FOMC decision, with a bearish setup targeting 1.1215 support amid easing USD sell-off and mixed trade signals.

Bitcoin (BTC) stands to continue its bull run as a key onchain metric reveals that the price is in the “start rally zone.”

The gold market gapped to the upside during the trading session on Friday, but we have since seen a lot of back and forth action. While it ends up being a very positive move for the day, the real story is that gold managed to hold its own after the Non-Farm Payroll announcement. The jobs number came out fairly neutral, as there was a little bit that everybody. All things being equal, this is a market that has been very bullish, and the fact that we are finding ourselves going back and forth just above the crucial $3200 level makes a certain amount of sense.

The silver market initially rallied during the trading session on Friday, testing the crucial $33 level. Over the last couple of weeks, we have seen this market go back and forth between the $34 level above, and the $32 level below.

The NASDAQ 100 was very bullish during the trading session on Friday, as we have seen a lot of momentum coming into this market. The fact that we broke above the top of the shooting star from the previous session is obviously very bullish sign, but you should also keep in mind that the jobs number coming out during the Friday morning session would also have a major influence. It appears that the stock market likes the numbers, as we basically just continue to go higher after what had been a very bullish overnight session.

The Euro rallied a bit during the trading session on Friday to reach toward the 1.14 level but gave back quite a bit of the gains to show signs of hesitation. All things being equal, this is a market that has been very bullish, but quite frankly I do think that the euro is getting a little bit tired, and the US economy seems to be stronger than the market may have thought, as the jobs number was a little bit cooler than anticipated but it is still seen quite a bit of hiring in the United States.

During the trading session on Friday, we have seen the Australian dollar rally again, but we are starting to see a little bit of hesitation. It looks as if we are trying to do everything we can to break out, but keep in mind that the market is struggling a bit to hang on to the gains outside of the previous consolidation area. The 200 Day EMA sits right in the middle of this consolidation area, so that of course is something that has been a major factor in this market over the last several sessions.

The U.S. dollar fell rather hard during the early part of the Friday session to reach below the 84 rupee level but has seen a massive bounce since then. And it looks like it's going to settle on forming a hammer for the day. This of course would be a significant turnaround considering just how ugly things have been over the last couple of sessions