Forex Daily Forecast, Analysis and Prediction

Bitcoin continues to struggle as selling pressure keeps BTC/USD below its 50-day EMA and Supertrend indicator.

GBP/USD has climbed to its highest level since mid-September, but weakening trend momentum suggests the rally may be losing strength.

EUR/USD Forecast: Rebound Meets Key Resistance at 1.1226

This pair saw increased selling pressure following today’s Reserve Bank of Australia (RBA) widely expected rate hike, suggesting market participants had already factored in the 25-basis point (BPS) hike.

The October 29 attack on Binance, the world’s largest crypto exchange by trading volume, involved approximately $6.3 billion in unauthorized transactions and forced the platform to temporarily suspend withdrawals.

Gold Below $4,000: What Could Bring Buyers Back?

Bitcoin Forecast: $78,677 Resistance Keeps Bears in Control

Silver has suffered a sharp selloff, breaking below the historically significant $50 support level as elevated US real yields continue to pressure precious metals.

GBP/USD has pulled back after failing to sustain gains near 1.3450, with the pair remaining within its broader trading range.

Gold has broken below the psychologically important $4,000 support level, with rising real yields and a stronger US dollar adding to selling pressure.

AUD/USD has recovered from its October low of 0.6895 but remains in consolidation near 0.7030 ahead of the Reserve Bank of Australia's interest rate decision

GBP/USD has recovered from its October low of 1.3137, supported by improving technical momentum and a bullish morning star candlestick pattern.

EUR/USD remains near the important 1.1111 support level after weeks of sideways trading, with a developing double-bottom pattern and improving MACD momentum suggesting a potential bullish reversal.

Rising US real yields are competing with concerns about Europe’s energy supply and unresolved debt problems. Together, these influences leave the Euro facing a difficult test of confidence, even as buyers continue to defend a familiar area of support.

However, at the same exact time rumors are swirling about a possible negotiation taking shape between the U.S and Iran, there is also talk from the White House about the need for military action and counter threats from Iran...