Forex Daily Forecast, Analysis and Prediction

AUD/USD Forex Signal: Sell Setups Below 0.7154

BTC/USD remains under pressure ahead of the Federal Reserve decision as ETF outflows, rising oil prices and higher bond yields weigh on sentiment

GBP/USD is trading near the lower boundary of its ascending channel ahead of key Federal Reserve and Bank of England decisions.

EUR/USD is under pressure after forming a rising wedge and slipping below the 50-period EMA. Bearish momentum indicators reinforce the downside risk, with 1.1500 emerging as the key target ahead of Wednesday’s Federal Reserve interest rate decision.

Although longer-term charts look consolidative, we can see zooming in to the hourly chart below that the price has clearly made another short-term trend change, this time from bullish to bearish, as evidenced by a third and descending linear regression analysis study which effect

The price of WTI Crude Oil has sprung back into a nervous higher realm and speculators wagering in the energy sector will find themselves within the midst of sentiment shifts which will continue to be reactive.

The week's breadth readings produced two flips, and the post-close 27/73 continues on the negative side. DOT and NEAR are still positive on the rolling week, Bitcoin is below its 20-period average, and the majority of the cleaned field is negative.

The Federal Reserve's policy decision on Wednesday is the near-term catalyst that will determine whether consolidation friction finally breaks into a committed directional move. Rate divergence between the Fed and ECB remains the primary driver of EUR/USD positioning.

Gold, silver, currencies and the Nasdaq show mixed behavior as markets digest rates, employment data and key technical levels.

After spending much of the recent period moving sideways, gold is now sitting at a point where traders are reluctant to commit heavily in either direction.

GBP/JPY is consolidating near 208 after a sharp September decline as Bank of Japan tightening expectations continue to strengthen the yen.

EUR/CHF remains supported by the interest rate differential between the ECB and SNB, keeping the carry trade attractive.

AUD/NZD is easing after a strong breakout, with the pullback looking more like profit-taking than a change in trend.

The Australian dollar could come under further pressure later today when market participants get a read on consumer inflation, which is expected to show core inflation climbing 0.2% last month, taking the annual rate to 3.4%.

USD/JPY is recovering as rising US Treasury yields restore support for the dollar. The pair is testing ¥154.50, while ¥152 remains an important support level ahead of US inflation data and next week’s Fed and Bank of Japan decisions.