Forex Daily Forecast, Analysis and Prediction

The British pound continues to trade within a well-defined range, facing resistance at 1.3550 and finding support near the 50-day EMA at 1.3372.

AUD/USD continues to hover around 0.67 as traders eye RBA rate hike prospects and Chinese economic signals, with a breakout potentially targeting 0.69.

Despite Monday’s NZD/USD rally, the 0.58 resistance zone may trigger selling pressure as technical and macro factors point to potential dollar recovery.

USD/CHF pulled back on DOJ-driven dollar weakness, but SNB resistance to a strong franc and long-term bullish structure keep the upside outlook intact.

Gold continues its bullish surge amid DOJ fears and rate cut expectations, with technicals pointing to a breakout move toward the $5,000 level.

AUD/USD is gaining bullish momentum as a cup-and-handle pattern points to a potential breakout toward 0.6765 amid rising Fed uncertainty and strong Aussie data.

BTC/USD is forming bullish continuation patterns, signaling potential upside toward $95,000 as crypto traders await key US data and crypto regulation news.

EUR/USD is forming a bearish head and shoulders pattern, with price likely to retest 1.1600 as traders focus on inflation data and Fed uncertainty.

The price has risen over recent days, but new strength in the US Dollar is leaving this pair looking likely to remain range-bound, although US CPI data later today could change that.

Gold remains firmly bullish near record highs, with rising global demand and geopolitical risks supporting a potential breakout toward the $5,000 level.

The EUR/USD pair remains under bearish pressure near 1.1600, with traders awaiting US inflation data to determine the next directional breakout.

Bitcoin continues consolidating below $91K, but weakening momentum and failed breakouts suggest a bearish breakdown may be approaching.

USD/JPY surged to test 158 on Friday, signaling a potential breakout fueled by yield differentials and persistent yen weakness despite soft US job data.