Forex Daily Forecast, Analysis and Prediction

Gold prices climbed toward $3,400 after Powell’s dovish tone fueled rate cut bets, with technicals pointing bullish but risks tied to PCE and Fed policy ahead.

Ethereum hit $4,953, its highest price ever, backed by institutional inflows, strong DeFi growth, and Powell’s dovish Fed pivot, with targets up to $6,200.

Contracting profit margins, shareholder value destruction, and failed growth initiatives have pressured the share price. The unsustainable dividend yield and current market conditions add to bearish factors. What will follow the most recent breakdown?

With a concerning current ratio, fully valued shares, and weakening consumer sentiment, the headwinds for consumer retailers continue to expand. How strong is resistance, and should you sell the rally?

The US dollar tumbled against the yen after Powell’s dovish speech, with traders eyeing ¥146 support and ¥149 resistance as volatility stays high.

Bitcoin is falling strongly and steadily, threatening to break down to new medium-term low prices, and facing a test of support at $110,569.

The US dollar tumbled against the loonie after Powell’s dovish remarks, but a breakout above Friday’s candlestick could send USD/CAD toward 1.40–1.42.

The S&P 500 rallied strongly after Powell’s dovish Jackson Hole speech, with buyers targeting the 6,500 resistance level while pullbacks attract demand.

WTI crude oil edged higher Friday but failed to hold gains, with resistance at $65 and oversupply risks keeping the bearish trend intact toward $60.

The German DAX is testing major resistance at €24,500, with a bullish breakout eyeing €25,500 while key support levels remain at €24,000 and €23,500.

The US dollar dropped against the peso after Powell’s dovish shift, with USD/MXN targeting 18.50 support and resistance holding near 19.00.

Silver rallied sharply on Friday, testing $39 resistance with bullish momentum eyeing $40–$42.50 while short-term support holds near $38.

The British pound dropped against the yen despite a risk-on backdrop, with GBP/JPY capped at 200 resistance and support near 198.40.

AUD/USD rebounded after forming a double-bottom at 0.6420, with bullish momentum targeting 0.6567 while 0.6422 acts as critical support.

GBP/USD formed an inverse head-and-shoulders pattern after Powell’s dovish remarks, with bullish momentum aiming for 1.3700 while 1.3400 acts as key support.