Forex Daily Forecast, Analysis and Prediction

USD/ZAR turned sharply bearish after breaking below 17.50, with downside targets at 17.25 and 17.00 as selling pressure builds.

EUR/USD stays rangebound between 1.16 and 1.18 after the ECB’s rate hold, with traders awaiting the Fed’s decision for the next breakout signal.

The DAX remains choppy below its 50-day EMA, with support at €23,250 and resistance at €24,600 as traders await clearer momentum after the ECB decision.

The S&P 500 surged above 6580 with momentum building toward 6700, while support holds at 6500–6480 within a broader bullish channel.

Nvidia stock is set to open higher after a 4% jump, with traders eyeing a breakout above $185 while dips remain attractive buying opportunities.

NZD/USD is attempting to rally toward the key 0.60 resistance, with 0.5850 acting as support as markets weigh Fed and RBNZ rate cuts.

Crude oil remains rangebound with $62 acting as key support and $67 as resistance, as oversupply and weakening demand limit upside potential.

Bitcoin remains steady above $110K and the 50-day EMA, with bulls eyeing $117K–$120K while $105K serves as critical long-term support.

Silver (XAG/USD) is consolidating after recent gains, with support at $40 and a bullish setup targeting $44.60–$45.

Gold (XAU/USD) remains strongly bullish near $3625, with bulls eyeing $3700 as Fed rate cut expectations and geopolitical tensions boost safe-haven demand.

EUR/USD remains neutral near 1.1690 as traders await the ECB decision and US CPI release, with 1.1580 support and 1.1800 resistance defining key levels.

USD/RUB climbs above 85.00 amid escalating Russia-West tensions, with traders eyeing resistance at 85.50 and potential upside toward 86.30.

NZD/USD is holding near 0.5930 with cautious upside momentum, as traders await US CPI and New Zealand manufacturing data for the next directional move.

Chainlink (LINK) is trading around $23.7, holding its ground after another attempt to push through the $24 region.

Despite September’s traditional status as a bad month for crypto, prices across the cryptocurrency ecosystem notched higher over the past week, with some tokens recording double-digit gains.