Forex Daily Forecast, Analysis and Prediction

Dow Jones 30: Rallying after a pullback, the DJ30 is poised for a breakout to the upside, with a potential 1500-point gain from the breakout point

This pair will likely continue rising as bulls target the important resistance level at 0.6350

DAX: Still on a bullish run, hanging out above the 21,000 level, with plenty of buyers on the dips

The USD/BRL remains within higher price boundaries as 6.0000 has seemingly become an inflection point again for financial institutions and speculators.

The USD/SGD has seen sharp price action early today, essentially mirroring global Forex as financial institutions filter the power change in the U.S political sphere that is impacting outlooks.

Price action is suggesting that a near-term rise is likely, but it seems like its not going to go very far.

USD/MXN: The peso is in a holding pattern as we wait to see how aggressive Trumps Mexico policy will be

FTSE 100: Generally bullish, the index has more upward momentum but is currently slightly overextended creating a buy-on-the-dip opportunity

Ethereum: Looking bullish, short-term pullbacks continue to trigger buying, with a “value area” at the $3400 level

USD/CHF: Looking at a short-term drift lower, while a massive bottoming pattern forms, creating a potential buy-on-the-dip scenario

The EUR/USD exchange rate rose as the US dollar index dropped by over 1%. It rose to a high of 1.0430, its highest swing since January 7, and about 2.45% from its lowest level this month. So, what next for the euro after Donald Trump’s inauguration?

Bitcoin: Continuing to look bullish, with pressure building to break out of the $110,000 to $110,000 range

Bitcoin price surged to a record high of $109,217 and then pared back some of those gain after Donald Trump became the US president. The BTC/USD pair retreated to 103,350 as some investors started to take profits.

USD/CAD: Volatility as Trump threatens tariffs, and the political situation remains uncertain making Canada untenable for investment

Despite a bullish surge, long term the Aussie is looking bearish with its reliance on a struggling Chinese economy