Forex Daily Forecast, Analysis and Prediction

Gold consolidates near $2639, with bulls eyeing $2700 as seasonal demand and central bank buying offset pressure from a strong U.S. dollar.

The EUR/USD faces its strongest bearish trend ahead of key US jobs data and Federal Reserve meeting minutes this week.

After touching highs of nearly 20.90000 on New Year’s Eve, the USD/MXN has seen some selling take place as it braces for the return of full market value.

EUR/GBP struggles near 0.8250 support, with risks of a sharp drop as rate differentials and economic strength favor the British pound.

The Dow Jones 30 stabilizes after recent volatility, with a break above the 50-Day EMA signaling potential upside as traders await key payroll data.

The USD/ZAR has produced a bit of a downturn in early trading this morning but still remains in the higher elements of its mid-term range, opening the door for speculative opportunities.

USD/MYR challenges 4.50 resistance, with bullish momentum supported by U.S. dollar strength and technical setups targeting 4.65.

The US dollar rallied slightly during the trading session on Friday gaining about 24 basis points as I record this. The market pulled back toward the 20.60 level and stabilized a bit.

Silver struggles to sustain rallies near $30, facing technical resistance and sensitivity to rising yields, with potential downside if support at $28.75 breaks.

USD/JPY consolidates below 158 resistance, with buyers favoring dips as bullish momentum targets 160 and upcoming U.S. jobs data drives market direction.

Bitcoin initially pulled back just a bit during the trading session on Friday, but as you can see, we have turned around the show signs of life.

USD/CHF tests resistance near 0.91, with bullish momentum favoring a breakout to 0.92 and parity amid Swiss rate cuts and U.S. dollar resilience.

The British pound was rather quiet during the trading session on Friday against the Japanese yen, but quite frankly that might be exactly what it needed. All things being equal, this is a market that continues to be very interesting, mainly due to the fact that the Japanese yen is so hated at the moment.

USD/CAD tests 1.45 resistance as Canadian dollar weakness persists, with traders favoring bullish setups near key pullback levels at 1.4350 and 1.42.

The EUR/USD pair continued its strong downtrend, falling for five consecutive weeks, and reaching its lowest level since November 2022. It has dropped by almost 10% from its highest level in August 2024.