Forex Daily Forecast, Analysis and Prediction

Bitcoin’s weak bounce hints at further declines, with $74K as a key support level, as market panic and Fed rate uncertainty drive risk-off sentiment.

The S&P 500 hovers near 6,000, with a breakout targeting 6,125, while support at 5,900 holds amid earnings season and ongoing market uncertainty.

USD/CAD rallies sharply despite Trump's tariff extension, with 1.45 as key resistance and 1.43 potentially acting as support on any short-term pullback.

The Euro drops sharply below key support, targeting 1.04, as US GDP data reinforces USD strength, keeping EUR/USD within its established trading range.

Avalanche (AVAX) has been on a downward trend this week, with its price at around $22 today, down 5.86% this week. This comes after a wider crypto market decline and an uptick in whale activity.

The Turkish Lira continues its decline as US monetary policy divergence, economic slowdown, and inflation concerns drive USD/TRY toward new highs.

EUR/USD remains stable near 1.0528 as market focus shifts to the ECB’s upcoming policy decision, German economic uncertainty, and US dollar resilience.

Gold prices decline from record highs, but support near $2,864 could spark renewed buying as economic uncertainty and inflation concerns drive safe-haven demand.

The British pound surges to 1.2715 against the US dollar amid rising expectations of Fed rate cuts, with traders eyeing key US economic data for further moves.

USD/JPY remains near 149.30, with the yen stabilizing amid strong inflation data, while traders watch upcoming US economic releases for market direction.

The USD/MYR pair sees modest gains, maintaining a stable trading range near 4.4405, as investors assess U.S. economic data and ongoing tariff concerns.

The USD/ILS pair continues to trade within its mid-term range, with resistance near 3.57000 and support around 3.55000, as traders monitor economic stability and geopolitical factors.

The USD/CAD pair rallies as trade tensions between the US and Canada escalate, with a potential breakout above 1.44 paving the way for a move toward 1.45.

The British pound is testing key resistance at the 200-day EMA and 1.2750, with a breakout signaling bullish momentum, while a drop below 1.26 could spark renewed US dollar strength.

The USD/CHF pair remains between key technical levels, with the 200-day EMA providing support and resistance at 0.92, as traders assess US interest rate trends and Swiss National Bank policy.