Forex Daily Forecast, Analysis and Prediction

Apple continues its bullish breakout above $260, with traders eyeing potential pullbacks to $250 or $240 as buy-the-dip opportunities ahead of earnings.

The euro dipped further against the US dollar on Tuesday, with rising US bond demand pushing the greenback higher and exposing EUR/USD to potential declines toward the 1.14 level.

Bitcoin experienced high volatility on Tuesday, bouncing between major moving averages near $110,000 as traders weigh risk appetite and ETF inflows.

The US dollar remains strong against the yen, with bullish momentum targeting a breakout above 153 and a signal to buy with a stop at 151 and target at 154.

The Nasdaq 100 recovered from an early drop on Tuesday, holding support at 25,000 as bullish sentiment and tech stock strength continue to drive momentum.

The British Pound edged lower on Tuesday, struggling near the 1.34 level as resistance builds, with a break below 1.32 signaling broader USD strength.

Rangebound between $0.6440 and $06525,

Bitcoin remains rangebound near $111,300 as ETF outflows, a firmer U.S. dollar, and weakening technicals suggest fading momentum and possible downside.

GBP/USD dipped below 1.3400 as traders positioned cautiously ahead of UK inflation data, with stagflation fears and a stronger USD pressuring the pound.

The EUR/USD pair slipped to 1.1600 as ECB officials signaled caution on rate hikes and the US dollar gained strength ahead of key geopolitical and inflation events.

The EUR/USD pair is correcting near key support zones around 1.1600, with Fibonacci levels and technical indicators pointing to a potential bullish rebound if support holds.

Gold remains in a strong bullish trend near all-time highs, driven by safe-haven demand and global uncertainty, with traders eyeing a move toward $4,500.

The Nasdaq 100 remains highly volatile near record highs, with bullish momentum showing little concern for ongoing government shutdown risks.

The S&P 500 continues its upward momentum near record territory, shrugging off government shutdown fears as traders test resistance around 6,750.

Strong operational results and over 50% EPS growth at Amazon fuel a bullish pre-earnings setup. Is it time to go long before earnings data is released?