Forex Daily Forecast, Analysis and Prediction

Silver continues its bullish grind toward the $40 level despite short-term volatility and weakening volume during the summer lull.

Gold continues to consolidate below the $3,500 ceiling, with bullish momentum building toward a potential breakout targeting the $3,800 level.

Bitcoin continues to attract dip buyers, with the $120K level acting as a key resistance barrier, while the $110K zone offers crucial technical support.

The euro remains indecisive around the 1.16 level, with summer volatility and central bank divergence keeping EUR/USD in a precarious technical position.

Gold (XAU/USD) is testing the key $3400 resistance level today, backed by weak US economic data, geopolitical tensions, and expectations of a Fed rate cut in September.

The EUR/USD pair is recovering from last week's lows, trading near 1.1680 as traders eye a potential breakout toward 1.20 amid rising expectations of Fed rate cuts.

Solana is attempting a breakout above $175 after rebounding from key support, supported by bullish technical signals and rising network activity.

The USD/MYR pair has fallen back toward support near 4.2250 after a brief rally, driven by weaker US jobs data and growing bets on a Federal Reserve rate cut.

The NZD/USD continues its bullish correction, rising toward the 0.59600 resistance as sentiment shifts on potential US interest rate cuts and broad USD softness.

The US dollar is pulling back against the Canadian dollar as USD/CAD tests the 50-Day EMA, with Friday’s Canadian jobs data expected to drive the next big move.

The German DAX continues to consolidate around its 50-Day EMA as low summer volume limits momentum, keeping the index range-bound between €23,000 and €24,600.

The US dollar remains elevated against the Indian rupee as Trump’s new 25% tariffs pressure India’s economy, with a breakout above ₹88.20 potentially triggering a rally toward ₹90.

The Australian dollar is climbing against the Japanese yen, with risk-on sentiment pushing the pair higher toward ¥97.50, despite ongoing market volatility.

Meta stock continues to consolidate near $770 after strong earnings, signaling bullish momentum with a potential breakout above the $800 level on the horizon.

Declining profit margins, high valuations, and a share price that overshot its average consensus were the prelude to a post-earnings sell-off. Is the recent price action move a dead cat bounce?