Forex Daily Forecast, Analysis and Prediction

If we can break above the 90 dollars level, silver is likely to really take off to the upside.

If we could break above the 7000 level, the S&P 500 could take off to the upside for a 200 point move.

The United States dollar has rallied against the Canadian on Tuesday as we continue to see a massive “W pattern” form.

The US dollar has rallied significantly against the yen on Tuesday, as we see plenty of interest rate differential swap paid at the end of each day.

The British pound rallied on Tuesday to show strength yet again, in a pair that pays you to own it.

The USD/SGD exchange rate continued its downward trend as the US dollar weakness gained steam. It was trading at 1.2670, down sharply from last year’s high of 1.3750. It is hovering at its lowest level since September 2024.

The Brazilian real continued its strong upward trend this week, reaching its highest level since May 2024. The USD/BRL pair was trading at 5.1537 on Wednesday, much lower than last year's high of 6.3063.

The EUR/USD exchange rate remained in a tight range at the key support level at 1.1800 after the US released key macro data. It has slipped substantially from the year-to-date of 1.2095.

Bitcoin price remained under pressure this week, continuing a downtrend that started in October when it soared to a record high of $126,200. The BTC/USD pair was trading at 64,000 on Wednesday, a few points above this week’s low of 62,915.

The AUD/USD exchange rate remained in a tight range after the US and Australia published key macro data. It was trading at 0.7060 on Wednesday, a few points below this month’s high of 0.7155.

Bitcoin (BTC) is down by 4% over the last 24 hours, dropping to as low as $62,700 during the early Asian trading hours on Tuesday.

After falling for a few days, it seems that the price might be making a bullish square root pattern if the support at $1.3467 continues to hold.

Silver launched during the trading session on Monday, looking for the $90 level again, as we see the same range play out overall. Silver remains bullish in general, but also dangerous.

The German index rallied a bit in the early hours of Monday trading, as we are looking to continue to the uptrend. However, this is a market that continues to face problems with rallies.

The US dollar continues to see a lot of questions asked about it, but at this point in time, the Canadian dollar has been a touch soft. Oil is a wildcard, but at this point, it is still not a major factor.