Forex Daily Forecast, Analysis and Prediction

Uniswap’s UNI token has regained stability after a volatile week, climbing back above $7.20 and showing early signs of a momentum shift. Traders are watching closely to see whether UNI is forming a short-term bottom or simply pausing before another leg lower within its broader mid-term downtrend.

It’s been a rough month for the crypto market, as the hopes for a strong showing as the year winds down turned into a Red November, with the market experiencing one of its most brutal pullbacks in history.

The NZD/USD has fallen once again and as of this writing the 0.56065 ratio is seeing price action as nervousness is clearly influencing the currency pair and global Forex.

EUR/USD continues to face heavy selling pressure, reinforcing the broader downtrend that has dominated recent months. With rate-cut expectations softening and technical levels weakening, the pair appears vulnerable to a move toward 1.14 and potentially 1.11 unless it can reclaim higher resistance.

The GBP/USD exchange rate recoiled and slipped sharply overnight after the Federal Reserve published hawkish minutes of the last monetary policy meeting. It dropped to a low of 1.3053, down from the year-to-date high of 1.3800.

USD/CAD pushed higher as support near 1.40 held firm, with the broader uptrend reinforced by the 50-day EMA. Rate-cut expectations have softened, the interest-rate spread favors the U.S., and the pair appears positioned for a continued grind toward 1.42–1.4250.

The BTC/USD pair continued its recent sell-off after the Federal Reserve released minutes of the last monetary policy meeting and after Nvidia published upbeat financial results. Bitcoin was trading at $91,300 on Thursday morning, a few points above this week's low of $88,930.

The AUD/USD exchange rate continued to consolidate after the Federal Reserve published minutes of the recent monetary policy meeting and as traders waited for the upcoming US jobs data. It was trading at 0.6485, where it has remained in the past few days.

As of this writing the USD/SGD is near the 1.30765 ratio and showing an ability to challenge mid-term resistance levels, this as financial institutions appear to have acknowledged changing sentiment regarding U.S interest rates.

Gold (XAU/USD) is showing signs of a bullish reversal above $4090 ahead of the FOMC minutes, with traders watching $4120 resistance and $4050 support for the next move.

EUR/USD continues to consolidate around 1.1586 ahead of critical Eurozone inflation and U.S. Fed minutes, with markets poised for a breakout from its recent tight range.

USD/ILS has rebounded from long-term lows but remains trapped in a bearish range as traders navigate global risk aversion and await clarity from the U.S. Federal Reserve.

USD/BRL rebounded from recent lows on Wednesday as risk sentiment remains cautious ahead of the Fed minutes and U.S. jobs data, with traders watching the 5.3000 level for short-term direction.