Forex Daily Forecast, Analysis and Prediction

Bitcoin's rally stalled near $92,500 as fading momentum and institutional caution suggest further consolidation, with critical levels at $80,000 and $93,000 guiding near-term outlook.

Crude oil remains range-bound between $55 and $60 amid thin holiday trading, with resistance holding firm and short-term selling signals emerging near key levels.

USD/CAD traded sideways on Thursday in thin holiday conditions, holding near key support at 1.40 as markets balance weak oil prices against dovish Fed rate expectations.

The British pound recovered from a Thursday dip against the yen, reaffirming bullish momentum driven by interest rate advantages and supportive risk sentiment.

EUR/USD stayed rangebound on Thursday, testing resistance near the 50-day EMA with direction likely hinging on upcoming U.S. dollar moves amid holiday-thinned trading.

USD/INR remains firmly in an uptrend, with support around ₹89 and expectations building for a move toward ₹90 as technical momentum continues despite holiday-thinned trading.

The Tel Aviv 35 is rebounding off the 3,300 level, with continued strength in pharma and banking sectors supporting a broader uptrend and dips viewed as buying opportunities.

Gold continues to press against the $4,200 resistance zone, with a breakout above $4,250 signaling further upside while pullbacks above $3,950 remain attractive to buyers.

The DAX continues to consolidate between €23,000 and €24,500, with the 50-day EMA acting as a key pivot and pullbacks still offering potential buying opportunities.

USD/ZAR continues to trade choppily above key support at 17, with a likely range between 17.00 and 17.50 persisting until clearer signals emerge from the Federal Reserve.

EUR/USD continues its rebound near 1.1615 in a neutral trend, with thin holiday trading and weak Eurozone data keeping the pair capped below key resistance at 1.1720.

Gold prices remain bullish near $4145, with the market eyeing a breakout above $4220 as Fed rate cut expectations and strong global demand continue to support XAU/USD.

USD/SGD remains under pressure after forming a bearish flag and double-top, with weak US economic data and strong Singapore growth pointing to a potential drop toward 1.2900.

NZD/USD jumped after the RBNZ’s hawkish rate cut, but the pair now faces key resistance and may resume its broader downtrend amid rising US rate cut expectations.

USD/CAD plunged on Wednesday amid rising Fed rate cut expectations, but strong support at 1.40 suggests the broader uptrend could resume after holiday-related volatility subsides.