Forex Daily Forecast, Analysis and Prediction

EUR/JPY remains bullish after reclaiming 180. The current buy setup targets 183 with a stop at 179.40, while a break above 182 would strengthen the bullish outlook.

USD/CHF remains bullish while holding above 0.82 support. The wide US-Swiss rate differential favors further upside, while 0.81 is the next key support area.

Copper remains bullish while holding below key $6.90 resistance. A confirmed breakout could target $7, while $6.50 remains an important pullback support area.

AUD/JPY remains supported above 110 after rebounding from recent lows. Improving risk appetite and the Australia-Japan rate gap continue to favor buying on dips.

A rejection at a round number is common, but a rejection followed by a quick drop is more than hesitation. It shows sellers were waiting at the level and had enough force to push price well below it once the buying stalled.

This currency pair has experienced a rather tame trading range regarding price levels, but Tuesday’s close and yesterday’s gap upwards presents dynamics for speculators they might find appealing.

The euro is finding the current environment increasingly uncomfortable against the US dollar. The issue is not simply that the dollar has been strong, but that the factors supporting it have shown little sign of fading.

Global markets early this morning have turned cautious, the broad Forex market is showing USD centric strength. The USD/INR is within sight of it highest realms but has not found enough buying action to take it beyond its current threshold within a five day technical sense.

USD/CHF remains bullish after breaking above 0.82. The next key target is 0.83, with further upside toward 0.86 possible while 0.8150 support holds.

AUD/CAD has pulled back sharply from parity but retains a bullish longer-term bias. The current buy setup targets 1.0100 with a stop at 0.9820.

AUD/USD Forex Signal: Sell Setups Below 0.7154

AUD/NZD remains bullish despite near-term exhaustion. The 1.23 level is key support and a potential buy-on-dips area, while 1.25 remains the main resistance.

The main reason why now is a good time to be interested in the Forex market, and in this currency pair in particular, is that the US Dollar has finally started moving in a more steady way – upwards.

USD/JPY remains bullish as higher US yields and a wide interest-rate differential support the dollar. Pullbacks may continue to attract buyers while momentum holds.

BTC/USD loses momentum after its recent rally, but ETF inflows, rising futures open interest, a golden cross, and break-and-retest support keep rebound potential alive.