Forex Daily Forecast, Analysis and Prediction

The Euro is bouncing from key support near its 50-day EMA, with 1.18 resistance in focus, while a drop below 1.16 risks a deeper bearish turn.

Crude oil is testing the $66 resistance zone, with bulls eyeing a move toward $70 while risks of a breakdown could drag prices back to $62.

AUD/USD slides to its lowest since early September, with traders eyeing the RBA’s rate decision and key US jobs data for the next major move.

GBP/USD trades near 1.3400 after forming a double-top at 1.3725, with upcoming US jobs data and Fed policy outlook set to drive the next move.

EUR/USD trades near 1.1700 with a bullish bias as Wall Street analysts see more upside, while upcoming US labor data may determine the next breakout.

Bitcoin has performed poorly over recent weeks, but in recent hours has risen from the bottom to break up past resistance levels. Yet this minor bullish move may have already run out of momentum.

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Expectations have declined regarding the pace of US rate cuts, while fears of stagflation are again coming out, sending the US Dollar higher, but it is the stellar rise of precious metals to new record highs which really caught the eye last week.

The GBP/USD closed this past week of trading within lower depths around the 1.33985 mark as financial institutions have turned cautious again regarding their sentiment about USD political noise.

WTI Crude Oil went into this weekend with higher prices than it started last Monday’s opening, this as narrative seems to have caused some sentiment shifts for near-term conditions as traders wager.

Explore this week's key market trends: gold rallies, bitcoin falters, forex pairs stay choppy. Catch the big moves and levels to watch.

Tesla pulled back from $440 resistance, with support near $395 expected to offer a floor before the stock resumes its broader bullish trend.

USD/MXN rallies to 18.50 on strong US GDP data, with resistance in play as traders watch for exhaustion and potential pullbacks toward 18.20.

Bitcoin drops toward key $106K support as strong US GDP data strengthens the dollar, with traders watching for a bounce or a deeper slide toward $100K.

GBP/USD sinks below 1.34 as strong US GDP and labor data fuel dollar strength, with traders eyeing 1.32 support or a rebound toward 1.36.