Forex Daily Forecast, Analysis and Prediction

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?

Low valuations, a healthy return on assets, and expanding earnings per share have helped this stock mount a breakout. How will the economic slowdown and fresh tariffs impact its business model? What will follow the breakout?

The EUR/USD pair rallied early on Wednesday but remains vulnerable as bearish signals emerge near 1.18 resistance, with a potential breakdown below 1.15 triggering a deeper selloff.

The USD/JPY pair is stabilizing between key EMAs with strong interest rate differentials favoring the dollar, while 148 remains a critical resistance level to watch.

The British Pound rallied on Wednesday toward the 1.3350 resistance level, with traders watching closely for a breakout or potential pullback amid Fed uncertainty.