Forex Daily Forecast, Analysis and Prediction

Following a breakdown below its horizontal resistance zone, bulls have attempted a reversal. Will US economic data suffice to grant bears the upper hand?

Bitcoin has completed a triple breakout sequence, but can bullish momentum force a crucial fourth breakout that can challenge its all-time high?

EUR/USD trades with a bullish bias near resistance, as traders watch Eurozone inflation data and US PMI for signals on whether the pair can break above 1.1735 toward 1.1830.

A breakdown meets ascending support, but how will today’s US economic data impact price action after a disappointing UK print?

Silver rallied above $40 on Tuesday, with speculators fueling sharp momentum, though questions remain about sustainability at these elevated levels.

Gold surged toward $3,500 on Tuesday, breaking resistance as speculators fuel momentum while long-term investors continue to see it as a hedge against inflation.

The US dollar bounced against the yen on Labor Day, with USD/JPY consolidating between ¥146.50 and ¥148.50 as traders weigh Fed cuts against Japan’s bond market risks.

The euro pulled back after an early rally on Monday, with price action trapped between 1.16 and 1.18 as traders await clarity on Fed rate cuts and global risk appetite.

The US dollar bounced against the Canadian dollar on Labor Day, with technical support holding as Canada’s weak exports and reliance on US growth weighed on the loonie.

Bitcoin traded choppily on Monday, stuck below $110,000 resistance, with technicals signaling caution as traders weigh risk appetite and await stronger post-holiday volume.

The British pound gained slightly on Monday, but GBP/USD continues to trade sideways within a 200-pip range, with traders watching 1.34 support and 1.36 resistance for the next breakout.

This pair has been trading sideways within quite a narrow range for almost one month, and is showing no sign of breaking out yet.

Ripple sits at a decisive support level near $2.70, with traders watching for either a bearish breakdown or a bullish reversal above $3.

USD/MXN remained range-bound on Monday’s thin Labor Day trading, with support at 18.50 and resistance at 19.00 setting up the next decisive move.

GBP/JPY surged on Monday, but traders are watching the critical 200 resistance level, with upside targets at 202–205 if broken and key support at 198.