Forex Daily Forecast, Analysis and Prediction

The Nasdaq 100 plunged unexpectedly on Thursday, testing critical support at 25,000 and the 50-day EMA, but the broader uptrend remains intact.

The US dollar fell sharply against the Swiss franc on Thursday, testing major support at 0.79, where traders eye a potential bounce amid SNB sensitivity.

Gold pushed above $4,200 on Thursday but lost momentum on low volume, hinting at a possible failed breakout as traders assess key support near $4,000.

The US dollar bounced against the Mexican peso on Thursday amid shifting risk sentiment, but the broader downtrend remains intact unless key resistance levels break.

Gold prices surged past $4200 as safe-haven demand and Fed uncertainty drive bullish momentum, though indicators suggest a potential overbought condition is near.

EUR/USD continues to trade within a bearish trend below key resistance levels, with technical indicators suggesting a potential drop toward 1.1400 amid ongoing uncertainty.

Monero has climbed steadily over the past 24 hours, gaining about 2.33% to trade near $396.05 and inching toward the psychological $400 threshold.

The USD/SGD hovered near 1.30085 on Thursday as markets remained calm following the U.S. government’s reopening, with sentiment cautiously leaning bearish.

The U.S. dollar traded choppily but held firm above the key 1.40 level against the Canadian dollar on Wednesday, with bullish signals pointing toward a 1.4250 target.

The NASDAQ 100 opened lower on Wednesday amid early panic but held key support near 25,000, with bulls still targeting 26,000 and a potential year-end rally.

The Euro traded choppily on Wednesday as stronger U.S. yields offset Fed rate cuts, leaving EUR/USD stuck in a range with potential targets at 1.14 or 1.17.

The British Pound declined Wednesday as growing expectations of Bank of England rate cuts and persistent US dollar strength pressured GBP/USD toward key support at 1.30.

Gold continued its bullish run on Wednesday, pushing toward $4,200, but lighter volume and overhead resistance at $4,400 suggest caution amid breakout hopes.

The US dollar surged above 154.50 against the yen on Wednesday, supported by the wide interest rate gap, with bulls targeting a long-term move toward 159.

Silver surged 5% on Wednesday to retest the critical $54 resistance, but weakening volume casts doubt on breakout strength, with $50 remaining key support.