Forex Daily Forecast, Analysis and Prediction

WTI Crude Oil has gone into this weekend within lower values once again and closed Friday’s trading via futures around the 59.495 ratio.

Weekly market overview: key forex pairs, gold, oil, Bitcoin, and natural gas show mixed trends and volatility.

The Nasdaq 100 declined on Thursday toward the key 25,000 level amid rising volatility and AI profitability concerns, though the broader uptrend remains intact.

USD/CAD hovered around 1.41 on Thursday, showing signs of short-term exhaustion with a likely pullback to 1.40 before potential bullish reentry amid trade volatility.

The British pound rallied on Thursday after the Bank of England paused rate hikes, but the broader downtrend persists with key resistance at 1.32 and support at 1.30.

Ethereum continues to drift near $3,300 with weak momentum, as it remains dependent on Bitcoin’s direction, with downside risk toward $2,500 if $3,000 fails.

The U.S. dollar failed to hold gains against the Mexican peso, resuming its broader downtrend as traders eye 18.20 as a potential target in the coming weeks.

The euro rallied to the 1.1550 level on Thursday, but continued resistance and broader dollar strength suggest the downtrend remains intact with 1.14 support in focus.

Bitcoin plunged on Thursday to test the $100,000 support level, with downside risks toward $92,000 or $80,000 if it breaks, while resistance looms at $108,000.

Amazon stock dropped sharply on Thursday, approaching key $240 support, and while near-term weakness may continue, the broader uptrend presents a potential buying opportunity.

The U.S. dollar dropped to critical support near ¥153 against the yen, but with a strong uptrend intact and rate differentials favoring the dollar, dip-buying remains the favored strategy.

The U.S. dollar pulled back slightly against the Swiss franc near 0.81 on Thursday, but a developing bottoming pattern favors buying dips over shorts.

EUR/USD continues trading in a bearish structure, with a short-term pullback likely facing strong resistance near 1.1600, aligned with key Fibonacci levels.

Gold prices (XAU/USD) hover around the $4000 mark amid neutral momentum, with strong support near $3920 and key resistance around $4040 as traders assess Fed policy outlook.

USD/SGD hovers above 1.305 as traders assess Fed-driven USD strength and global risk sentiment, with key support at 1.30400 and resistance near 1.30860.