Forex Daily Forecast, Analysis and Prediction

The USD/ILS has maintained its long-term lows and as of this morning is traversing near the 2.90850 ratio depending on the bids and asks as a holiday looms in Israel.

Toncoin has regained short-term strength after bouncing from the $1.93 area and reclaiming the $2 level.

The key support level below $1.3400 held firm yesterday after multiple tests, producing an impulsive wave higher and threatening a breakout beyond $1.3462.

The EUR/USD pair wavered as crude oil prices and US bond yields pulled back amid hopes that the US and Iran will reach a deal in the coming weeks or months.

Bitcoin price was attempting to bounce back on Thursday morning as investors embraced a risk-on sentiment, and after it found a strong support at the 50-day moving average. The BTC/USD pair was trading at 77,520, up slightly from this week’s low of 76,000.

The AUD/USD pair rose slightly after the Federal Reserve published minutes of the last meeting and after Australia released weak jobs report. It rose to 0.7152, a few points above this week’s low of 0.7080.

GBP/CHF is strengthening as risk appetite returns, with the pair supported by a wide rate differential and a potential breakout above 1.0630.

Gold is attempting to rebound as US yields ease, but traders may remain cautious unless prices reclaim $4,600 and bond-market pressure fades.

USD/CAD is consolidating near the key 1.3750 zone, with a break above the 200-day EMA favoring bulls and a move below the 50-day EMA exposing 1.36.

Bitcoin is finding buyers near the 50-day EMA as easing yields support risk appetite, while the 200-day EMA remains the next major resistance level.

AUD/USD remains supported by softer US yields, RBA hawkishness, and commodity strength, with dips still favored while price holds above recent lows.

After all, most large money managers are perfectly content to put some of their money in a 10-year note that yields 4.655%. So, with that being said, I do think that we will continue to see trouble for silver, but I don't necessarily expect a major breakdown.

USD/MXN is bouncing toward resistance, but the broader bias still favors selling exhaustion near 17.50 as the peso carry trade remains attractive.

USD/CAD remains bullish as rising US rates support the dollar, with a break above the 200-day EMA opening a potential move toward 1.39–1.3950.

GBP/USD is pulling back toward the 200-day EMA as rising US yields support the dollar, leaving 1.33 and 1.35 as the key levels to watch.