Forex Daily Forecast, Analysis and Prediction

USD/CAD: Volatility as Trump threatens tariffs, and the political situation remains uncertain making Canada untenable for investment

Despite a bullish surge, long term the Aussie is looking bearish with its reliance on a struggling Chinese economy

USD/JPY: The ¥155 level now offers a significant amount of support, while the interest rate differential between the two currencies will continue to favor the greenback

EUR/USD: Euro presents the opportunity for a rally to fade and enjoy a brief selling opportunity

GBP/USD: Right now USD is overbought and GBP oversold though it is just a matter of time before the pair drops with the 1.21 level as the area to watch

AUD/USD: Despite a bullish surge, long term the Aussie is looking bearish with its reliance on a struggling Chinese economy

U.S financial institutions will be mostly closed today because of the Martin Luther King Jr. holiday, but USD/MXN has seen buying escalate early this morning as President Trump prepares to take office.

The West Texas Intermediate or Light Sweet Crude market has been somewhat noisy during the trading session on Friday as we continue to bounce around.

Silver has fallen pretty significantly during the trading session on Friday, but it is trying to hang on to the 50 day EMA.

The Parisian index has gapped higher again on Friday, as we have seen quite a bit of bullish pressure in France, and we were up another full percent for the session.

The USD/ZAR has traded lower early this morning and is near the 18.68550 ratio with a wide spread been demonstrated, this as U.S financial institutions prepare for the entrance of President Trump.

A major jump may be coming if it breaks above the 0.92 level significantly as this could lead to an 800-pip move

I wrote in my previous BTC/USD forecast almost one week ago that the technical picture had more bearish, with the price printing a series of lower highs and heading towards an area of very key support above $91,000.

The GBP/USD exchange rate resumed its downward trend after the recent UK and US economic numbers. The pair dropped to a low of 1.2170 and is nearing its lowest level since October 2023. It has fallen by almost 10% from its highest level in 2024.

The EUR/USD exchange rate was unchanged on Monday morning ahead of a data-lite week and key macro events like Donald Trump swearing in and the World Economic Forum event in Davos, Switzerland. The pair was trading at 1.0270, a few pips above this month’s low of 1.0178.