Forex Daily Forecast, Analysis and Prediction

USD/CHF is facing short-term pullback pressure, but the broader bias remains bullish as yield differentials and Swiss National Bank policy support the dollar.

USD/JPY remains bullish despite Thursday’s pullback, with 158 acting as key support and 160.50 as the breakout level for a larger upside move.

Copper remains bullish after buyers defended $6.25, with tight supply and strong long-term demand supporting a move toward $6.50.

GBP/USD is stabilizing between the 200-day and 50-day EMAs, with 1.3350 acting as support and 1.35 as the next upside target if buyers gain momentum.

Gold remains under pressure from high US yields, with $4,600 and the 50-day EMA acting as key resistance until rates begin to ease.

EUR/USD remains pressured below the 200-day EMA as higher US yields, Fed tightness, and Europe’s energy risks favor selling rallies.

USD/CAD remains bullish as rising US rates and economic concerns in Canada support a move toward 1.39, with 1.37 acting as key support.

Bitcoin continues to hold near the 50-day EMA, with institutional ETF inflows and resilient price action supporting a potential move back toward the 200-day EMA and $84,000.

Silver is trying to bounce as interest rates ease, with a break above the 50-day EMA potentially opening a short-term move toward $79.75.

USD/MXN remains bearish as risk appetite supports the peso, with rallies toward 17.45 likely to attract sellers while 17.20 and 17.00 act as support.

USD/JPY remains bullish as dip buyers defend the 158 area, with rising yield differentials keeping the focus on a potential move toward 160.