Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 remains range-bound, with resistance at 22,000 and support at 21,000, as traders cautiously buy dips near 21,300 amid mixed Fed signals.

The Canada 60 consolidates as strong employment growth raises questions about BoC policy, with key levels at C$1550 resistance and C$1500 and C$1450 support.

USD/JPY experienced Friday volatility as mixed US job data and BoJ tightening hints shape market sentiment, with focus on ¥153 resistance and ¥150 support levels.

The New Zealand dollar struggles against the US dollar, facing resistance at 0.57 and support at 0.5550, with a downside bias amid Fed hawkishness and economic headwinds.

The USD/MXN pair rallied Friday as hawkish US data and Mexico's rate cuts fueled dollar strength, with the pair favoring upside amid economic and geopolitical concerns.

The German DAX struggled Friday after an initial rally, with hawkish Fed concerns and export challenges weighing on momentum, testing €21,500 support.

The price action has been consolidating since the price broke out of its descending price channel about three weeks ago, ending a trend with sideways movement.

BTC/USD faces downside pressure due to macro risks, Fed hawkishness, and a double-top pattern, with bearish and bullish targets at 89,000 and 101,000, respectively.

The GBP/USD pair retreats as the BoE cuts rates amid a slowing UK economy, while Fed policy diverges, with bearish and bullish targets set at 1.2300 and 1.2550.

The EUR/USD pair remains pressured by mixed US jobs data as traders await inflation numbers, with key targets set at 1.0250 (bearish) and 1.0400 (bullish).

After touching a ratio near the 1.25530 ratio on Wednesday of this past week, the GBP/USD produced a close around the 1.23905 mark as the week ended.

Markets are dominated by a fundamentally strong US Dollar caused by rate divergence and President Trump’s new and threatened tariffs on imports, and a very strong Japanese Yen on Japanese wages growth.

Higher prices have been attained in Coffee Arabica again, this time the 400.00 USD ratio has been proven vulnerable and the price of the commodity remained near record values going into this weekend.

After starting last Monday with some upwards price action buyers essentially ran into a brick wall, and the price of WTI Crude Oil started to track lower going into this weekend with a price of nearly 70.970.

Gold maintains its uptrend with a potential floor at $2800, while EUR/USD and GBP/USD face pressure from US dollar strength. Find the weekly market analysis for key currencies and indices.