Forex Daily Forecast, Analysis and Prediction

BTC/USD faces bearish pressure with a double-top pattern pointing to a drop toward 89,000 as inflation concerns and weak demand weigh on Bitcoin.

GBP/USD stays bearish, trading below the Ichimoku cloud, with key levels at 1.2300 support and 1.2500 resistance amid Fed inflation concerns and BoE rate cuts.

The Euro is one of the stronger major currencies right now, with the US Dollar moving little.

US Dollar strengthens as President Trump decrees new 25% tariffs on steel and aluminium.

EUR/USD declines amid US tariff concerns and inflation data pressure, with a bearish outlook targeting 1.02 support and parity as a potential long-term goal.

Gold continues its bullish run, reaching $2,912 as trade tensions and global uncertainty drive demand, with $3,000 now a realistic target.

The USD/BRL closed around the 5.7875 ratio yesterday and the currency pair continued to produce a rather tight range showing that financial institutions may be comfortable for the moment.

GBP/USD remains under pressure from BOE rate cuts, with a potential sell signal below 1.2350 targeting 1.2150 amid ongoing USD strength.

The euro gaps lower, facing resistance at 1.05, as trade tensions and weak fundamentals keep EUR/USD in a downtrend, with parity as a likely target.

The USD/JPY pair hovers near the 200-Day EMA, with support at ¥150 and resistance at ¥155, as bond yields and BOJ inflation worries drive market uncertainty.

Gold powers higher past $2900, with bullish momentum targeting $3000 as global concerns and strong demand continue to support the uptrend.

USD/CAD remains range-bound as tariff uncertainties stall movement, with support at 1.42 and resistance at 1.45 shaping a choppy, headline-driven market.

The Canadian dollar struggles against the yen, facing resistance near 106, as BoC rate cuts, BoJ tightening, and oil market dynamics influence the pair.

The Aussie dollar rallies after a gap lower but faces strong resistance near 0.63, with downside risks tied to China's weak economic performance.

The British pound remains under pressure against the Japanese yen amid BOE rate cuts and BOJ tightening speculation, with resistance at 190 and support at 185.