Forex Daily Forecast, Analysis and Prediction

The US dollar has rallied again during the trading session on Wednesday, as the Japanese yen has finally given away to the ¥158 level and the pressures being brought upon it.

During my daily analysis of the commodity markets, gold is looking rather interesting as we are starting to see the market try to break out above a minor resistance barrier.

Ethereum stabilizes at $3300 support, with bullish potential toward $3600 and $3700 if momentum builds above the 50-Day EMA.

This currency pair is looking very weak as Australian data disappoints and the greenback sweeps everything away.

It's worth noting that the British pound has pierced the 1.2350 level. Breaking down below there is a very negative turn of events, but we have held on to that order to show signs of resiliency.

Bitcoin finds support near $90,000 after testing a key trend line, with long-term traders eyeing potential gains toward $100,000 amid easing yields.

Apple finds support near the 50-day EMA and Fibonacci levels, with $245 as critical resistance and a bullish outlook ahead of its earnings call.

During the trading session on Wednesday, we had seen the US dollar spike a bit against the Mexican peso as interest rates climbed again in the early hours.

The Australian dollar finds temporary support above 0.62 but remains under pressure due to US dollar strength and China's economic challenges.

The GBP/USD pair continues its downtrend, pressured by Fed hawkishness and rate divergence, as sellers target 1.2200 ahead of US NFP data.

EUR/USD falls for 5 weeks, hits lowest since Nov 2022, down nearly 10% from August peak.

Bitcoin stabilizes above crucial support, signaling potential upside toward $100,000, while bearish risks remain below the 50-day moving average.

The euro continues to weaken against the US dollar, driven by diverging economic fundamentals, with parity likely and rallies seen as shorting opportunities.

The British pound tests resistance at 200 yen, with bullish momentum supported by the 50-day EMA, eyeing a breakout toward 207 yen if the barrier is breached.

The US dollar gains strength against the Japanese yen, fueled by rising US yields and BOJ policy limits, with potential to break above 158.50 and beyond.