Forex Daily Forecast, Analysis and Prediction

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.

Bitcoin has been falling firmly for several hours now but is showing initial signs of possibly finding support.

Palantir sits at a crucial uptrend line, with $162 acting as the breakout level toward $175, while $150 remains the key downside risk.

Gold (XAU/USD) surges above $3,530 toward record highs as Fed rate cut expectations, safe-haven demand, and tariff concerns fuel bullish momentum.

EUR/USD remains under selling pressure near 1.1600 as rising European bond yields and risk-off sentiment strengthen the US dollar.

The USD/BRL continues to trade steadily within its 5.40–5.50 range, with volatility expected to rise ahead of Friday’s U.S. jobs report.

The USD/ILS remains capped below 3.40, trading within its durable 3.30–3.40 range as traders eye U.S. jobs data and upcoming Fed moves.

The US dollar gave back gains against the Mexican peso on Tuesday, with resistance at the 50-Day EMA keeping rallies capped and 18.50 eyed as key support.

Google (Alphabet) gapped sharply lower to start the week, testing key support near $206, with traders watching $215–$220 as the next upside targets.

The US dollar rallied against the Swiss franc on Tuesday, holding above 0.80 support as traders eye 0.81 resistance and potential signs of a bottoming pattern.

Gold broke above $3,600 with strong volume on Tuesday, confirming a bullish breakout from an ascending triangle and targeting the $3,800 level.