Forex Daily Forecast, Analysis and Prediction

The EUR/USD touched the 1.15900 level on Thursday and Friday, but closed around the 1.15669 mark as the weekend began and plenty of complicated questions remain ahead for Forex traders.

Nasdaq, S&P 500, gold, silver and major currency pairs continue to trade within established structures as markets assess risk and momentum.

NZD/USD remains bearish after breaking below 0.58, with weak risk appetite, energy concerns, and US dollar strength keeping pressure on the Kiwi.

Copper is trying to define a new trading range, with the 50-day EMA near $6.20 offering support and long-term demand from AI and electrification keeping buyers interested.

USD/CAD remains bullish after pushing above the key 1.40 level, with strong US fundamentals and weaker Canadian data supporting further upside toward 1.41.

Silver is trying to stabilize above $60, but high rate sensitivity and volatile Middle East headlines keep the market vulnerable despite strong long-term demand.

USD/JPY continues to pressure a major long-term resistance area, with a move above 161 potentially opening the door to a significant bullish breakout.

Gold remains under pressure near $4,000, with weak price action suggesting sellers still control the market despite softer US yields.

EUR/USD remains bearish despite the ECB rate hike, as weak price action and resistance near the 200-day EMA keep sellers focused on 1.14.

AUD/USD is trading at a critical technical area near 0.6950, with the 200-day EMA and shifting rate expectations likely to determine the next major move.

USD/MXN remains rangebound after failing at 17.50, with Mexico’s interest rate advantage keeping sellers active on short-term rallies.

USD/JPY remains bullish as the dollar presses against a major long-term resistance zone, though potential BOJ intervention could create sharp short-term volatility.

EUR/CAD is trading sideways near 1.61 as the ECB decision, oil prices, and a negligible rate differential keep the pair trapped in a tight range.