Forex Daily Forecast, Analysis and Prediction

The US dollar has rallied quite nicely against the Swiss franc.

In my daily analysis of the US dollar against the Canadian dollar, it's obvious that we have seen a certain amount of stability over the last couple of trading sessions and this makes a certain amount of sense considering we are hanging around the 50 day EMA.

The Swiss franc has shown itself to be very noisy over the last couple of days against the Japanese yen and I find that very interesting considering that the market is likely to continue seeing a lot of noise.

The GBP/USD exchange rate was in a tight range on Tuesday morning ahead of a series of important economic data from the UK and the US.

The euro wavered against the US dollar as traders focused on the upcoming US and European economic numbers.

Bitcoin retreated slightly as traders waited for important economic numbers from the United States.

Last week’s strongly bullish move has continued to push the price higher, helped by improved risk sentiment and a stronger Aussie, but the move may now have run out of steam as it transitions into a bullish consolidation.

USD/TRY Forecast: Bullish at 33.50, target 33.75; Bearish at 33.75, target 33.50. Lira mixed as Turkish central bank intervenes amid financial volatility.

As of this writing, the GBP/USD currency pair was trading at $1.2756. Last Friday, it attempted to rebound upwards, but its gains did not exceed the resistance level of 1.2773.

The USD/JPY currency pair has stabilized modestly in recent days as some traders continued to buy the dip.

The EUR/USD pair failed to sustain its gains at the beginning of the week, reaching the resistance level of 1.1008, the highest for the pair since the beginning of 2024.

Gold prices stabilized at the end of last week after a sharp rise in the previous session, as new US economic data eased recession fears, making the safe-haven metal less attractive to investors.

The British pound has risen slightly against the US dollar during Friday trading as we continue to see a lot of noisy behavior.

The US dollar has stabilized a bit during the trading session on Friday against the Mexican peso near the 18.83 level.

The British pound has gone back and forth during the course of the trading session on Friday, showing a little bit of hesitation