Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair is stabilizing higher around the 148.33 resistance level at the time of writing.

You can see that we initially did try to rally a bit during the trading session on Friday but gave back the gains as we continue to hang around the 50 day EMA.

As of this morning the USD/MXN is trading near the 17.15250 ratio.

The US dollar fell a bit during the trading session on Friday, but we continue to hover around the 50-day EMA.

Bitcoin experienced a significant rally during the trading session on Friday.

The USD/ZAR is near the 18.76100 mark as of this morning’s writing.

The euro experienced a notable rebound during Friday's trading session.

The FTSE 100 has been very bullish during the training session on Friday, as we broke above the 7600 level.

Silver pulled back slightly during the trading session on Friday, as we continue to see a lot of noisy behavior.

The US dollar rallied a bit during the trading session on Friday as the ¥147.33 level continues to offer a significant amount of support.

The AUD/USD price exchange rate moved sideways on Monday.

Bitcoin price staged a strong comeback as the recent selling pressure faded.

The EUR/USD exchange rate reacted mildly to last week’s ECB decision.

Unlikely to find direction until after Bank of England and Fed meetings.

Get the weekly Forex forecast for major currency pairs for the week of January 29- February 02, 2024 here.