Forex Daily Forecast, Analysis and Prediction

The Nasdaq 100 is holding near 23,443 with 23,000 acting as key support and 24,000 as the upside target as traders await Friday’s NFP data and Fed signals.

EUR/USD rallied midweek but remains stuck between 1.16 support and 1.18 resistance as traders await direction from Friday’s NFP report.

Bitcoin continues its recovery rally, with a break above the 50-day EMA needed to confirm bullish momentum while $107K remains critical support.

Gold’s bullish breakout from an ascending triangle points toward $3,800, with pullbacks to $3,500 or $3,400 viewed as strong buying opportunities.

Silver continues its bullish run toward the top of its channel, but traders expect a pullback toward $40 before momentum resumes higher.

Natural gas rallied to test the 50-day EMA, but weak seasonal demand and strong resistance suggest the broader downtrend remains intact.

Super profit margins and an excellent return on invested capital provide a fundamental floor under existing selling pressure. Will support levels hold?

An excellent return on assets and equity, with solid profit margins for its industry, should provide sufficient tailwinds. Is a breakout brewing?

After economic worries and concerns over the autumn budget had plunged this currency pair by over 200 pips, price action reversed. How much upside is left?

Volatility interrupted the downtrend in this currency pair, but a bearish price channel formed again. Will it hold and force more downside?

A breakout sequence, aided by weak US labor market data, renewed bullish momentum. Will the bullish price channel guide price action higher?

EUR/GBP remains range-bound between 0.86 and 0.8750, with traders watching for a breakout while treating pullbacks near the 50-day EMA as potential buy zones.

USD/MXN remains rangebound as traders await the US jobs report, with 18.50 acting as support and 18.75 as resistance, amid a peso-favoring rate differential.

Ethereum outperformed Bitcoin during recent volatility, holding above $4,200 support, with bulls eyeing a breakout above $4,500 to target $4,875.

Copper pulled back after testing the 200-day EMA, but improving Chinese data and potential rate cuts suggest bullish momentum could resume toward the $5 level.