Forex Daily Forecast, Analysis and Prediction

The DAX remains rangebound in a small triangle pattern, with traders eyeing 24,600 on a breakout and 23,250–23,000 as key downside levels.

EUR/JPY extends its uptrend with bullish technicals, eyeing resistance at 175.50 and a breakout target near 177 while support holds at 172.

AUD/USD surges on Fed rate cut expectations and strong momentum, with bullish targets at 0.6800 and downside risk toward 0.6500.

GBP/USD holds steady ahead of key UK and US data, with bulls eyeing 1.3700 as the Fed and BoE rate decisions approach.

EUR/USD remains steady after the ECB and Fitch downgrade, with a bullish bias toward 1.1840 as traders await the Fed’s first rate cut of the year.

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The GBP/USD went into the weekend near the 1.35575 as financial institutions have braced for what will prove to be a significant handful of days ahead for the currency pair and the broad Forex market.

Weaker than expected US PPI data sent the major US stock market indices and the precious metals Gold and Silver to new record highs.

WTI Crude Oil has gone into the weekend near the 62.150, and this feels like a rather solid accomplishment considering the loud highlights which took place over the past handful of days.

Explore this week’s forex forecast: GBP/USD at 1.36, Bitcoin eyes $120K, Fed decision looms. Key levels, sentiment & setups to watch.

USD/INR faces strong resistance at ₹88.50, forming a rising wedge. Support at ₹87 and 50-day EMA, with upside potential toward ₹89 if bullish breakout continues.

USD/ZAR turned sharply bearish after breaking below 17.50, with downside targets at 17.25 and 17.00 as selling pressure builds.

EUR/USD stays rangebound between 1.16 and 1.18 after the ECB’s rate hold, with traders awaiting the Fed’s decision for the next breakout signal.

The DAX remains choppy below its 50-day EMA, with support at €23,250 and resistance at €24,600 as traders await clearer momentum after the ECB decision.

The S&P 500 surged above 6580 with momentum building toward 6700, while support holds at 6500–6480 within a broader bullish channel.