Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 recovered on Friday, bouncing from key technical support and setting up for a potential breakout above 25,000 with bullish momentum building.

Gold sold off on Friday after hitting $4400, with technicals suggesting a healthy pullback may be underway in an otherwise bullish long-term trend.

Silver faced sharp selling on Friday after touching $54, with overbought conditions and growing retail interest signaling caution as volatility returns.

The US dollar is finding support against the yen near the 150 level, suggesting a potential bullish reversal as interest rate differentials favor continued upside.

The British pound remains range-bound on Friday, trading between key moving averages as broader US dollar strength keeps upward momentum in check.

Crude oil prices continued to drop on Friday, with heavy selling pressure threatening the critical $55 support as oversupply concerns dominate the market.

The euro reversed early gains on Friday, reinforcing bearish momentum as the pair faces pressure below 1.17 and eyes key support near 1.16.

Natural gas is attempting a reversal after filling the rollover gap, with bullish momentum building ahead of the December contract and winter demand.

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The GBP/USD went into this weekend near the 1.34238, which a rather solid bullish improvement compared to the low seen on Tuesday the 14th of October when the currency pair was near the 1.32500 vicinity.

Last week saw the continuation of existing bullish trends until the end of the week, when several precious metals came crashing down, although Gold and the US stock market held up and remain relatively bullish.

WTI Crude Oil has gone into this weekend below the price seen the previous weekend, this as the commodity stands around the 57.240 mark before trading opens early tomorrow morning.

Get the latest weekly forecast on key markets—currencies, gold, silver, oil, and NASDAQ 100, analyzing trends and trading opportunities.

The NASDAQ 100 continues to face strong resistance at the 25,000 level, with market momentum hinging on the performance of the Magnificent 7 tech stocks.