Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair is pulling back toward the 1.1212 support after last week's rally, with traders awaiting key US consumer confidence and GDP data.

Cardano (ADA) has shown renewed strength in recent days, rallying above $0.70 and breaking out of a long-term downtrend.

Markets have seen a modest but meaningful recovery in stocks and other risky assets, with the US Dollar also recovering, as the US tariffs issue is set aside for now.

USD shows strength. Gold pulls back, Nasdaq surges. Key forex and index insights for this trading week.

The British pound found solid support against the Japanese yen on Thursday, continuing its bullish recovery as risk appetite returned to global markets.

The US dollar edged lower against the Mexican peso on Thursday, testing key support levels as traders monitor tariff developments and technical signals.

The NASDAQ 100 rallied sharply on Thursday, signaling growing bullish sentiment as traders target a breakout above 19,500 and possibly 20,000.

Crude oil rallied on Thursday from the $60 support zone, with short-term bullish momentum eyeing a breakout above $65 amid global growth speculation.

Gold surged on Thursday, but signs point to a developing $3200–$3500 trading range as bullish momentum meets resistance and profit-taking risk.

The EUR/USD pair continues to grind higher, but faces potential range-bound trading between 1.12 and 1.15 as markets digest economic and trade uncertainties.

The US dollar remains volatile against the Japanese yen, with 140 providing key support and a breakout above 143.50 potentially opening a move toward 146.

The British Pound continues to trade within a 1.32–1.34 consolidation zone as traders assess dollar stability and market sentiment.

The German DAX found support near the 50-day EMA on Thursday, with dip buyers stepping in as global equity sentiment continues to turn bullish.

The US dollar is attempting to find support near the key 1.3850 level against the Canadian dollar, with traders eyeing political shifts and tariff developments.

Dogecoin has broken above key resistance, mirroring Bitcoin’s rally, with bullish momentum, ETF optimism, and on-chain activity pointing to a potential 90-day bull run.