Forex Daily Forecast, Analysis and Prediction

USD/JPY: A very choppy market as the Bank of Japan continues to be the focus of traders, as Friday is its next interest rate decision.

USD/CAD: The US dollar is likely to strengthen against the CAD, with the 1.45 level above as a significant barrier, creating a buy-on-the-dip scenario

EUR/USD: Trump tariff tweets continue to cause volatility and this is a market in which to buy cheap US dollars

The USD/MYR has seen a sudden glimpse of selling the past two days and has moved from the 4.4900 level to a value around 4.440 as of this writing.

The NZD/USD has been able to produce some upwards mobility early this week which essentially saw the 0.56000 level tested and is now producing ratios next to the 0.56560 mark as of this morning.

GBP/USD: High volatility and a bearish outlook for the British pound with the potential bounce presenting an opportunity to short

BTC/USD: Bitcoin continues to look bullish, though seems to have hit a bit of a brick wall near the $110,000 level

USD/MXN: Choppy markets, as Trump turns up the heat with tariff threats on Mexico. This is a market that will continue to look at the region between 20 MXN and 21 MXN as a major barrier

USD/CHF: Long-term, the US dollar is bullish against the Swiss Franc, right now this is a potential “buy on the dips” market just waiting to happen

This market has seen a rebound, rising to a high of 1.2338, up from this month’s low of 1.2100.

EUR/JPY: Lots of volatility as the market awaits the Bank of Japan interest rate decision on Friday with the probability traders are looking at a period of consolidation

Dow Jones 30: Rallying after a pullback, the DJ30 is poised for a breakout to the upside, with a potential 1500-point gain from the breakout point

This pair will likely continue rising as bulls target the important resistance level at 0.6350

DAX: Still on a bullish run, hanging out above the 21,000 level, with plenty of buyers on the dips