Forex Daily Forecast, Analysis and Prediction

The British pound slipped on Monday, with 1.3350 emerging as a key technical level amid head-and-shoulders risk and rising USD strength ahead of the Fed decision.

Bitcoin continues to consolidate below the $120K resistance, with low summer volume from Wall Street ETF traders keeping momentum muted.

The Australian dollar remains range-bound, with AUD/USD bouncing between key moving averages as uncertainty over China and the global economy persists.

The euro dropped sharply after the US-EU trade deal, with EUR/USD testing critical support near 1.15 and facing heavy resistance at 1.18.

The USD/JPY pair surged past the ¥148 level and the 200-day EMA, with potential for further gains if ¥149 is cleared amid a volatile week of central bank decisions.

Silver prices show resilience and may be ready for a bullish breakout above $40, with strong support at $37.50 and a measured target at $42.50.

The US dollar touched the 50-day EMA against the Canadian dollar on Monday, with traders bracing for sharp moves on Wednesday’s critical rate decisions from both central banks.

The German DAX plunged toward €23,950 on Monday, with technical traders watching the €23,800 and €23,000 levels for signs of support and potential long opportunities.

Gold prices declined on Monday to $3325 amid global market indecision and anticipation of central bank announcements, with strong support near $3200 and resistance at $3500 maintaining a sideways bias.

Gold (XAU/USD) fell toward the $3312 support level as a stronger US dollar and easing trade tensions weighed on sentiment, with traders watching the $3300 zone ahead of major US economic releases and the Fed's policy decision.

EUR/USD retreated to 1.1670 amid renewed dollar strength following the US-EU trade deal, with traders cautious ahead of key US economic data and the Fed decision.

The USD/MXN pair dropped to 18.5925 amid EU-US trade deal optimism, but remains highly volatile with key risk events like the Fed meeting and US jobless data ahead.

The USD/ZAR pair has rebounded above 17.7700 ahead of the Fed’s decision, with short-term technicals hinting at overbought conditions despite a cautious macro backdrop.

The British pound declined on Friday, testing critical technical levels near 1.3350 and the 50-day EMA, with a potential signal targeting 1.3133 if support fails.

The USD/JPY pair climbed on Friday, testing the key ¥148–¥149 resistance zone as bullish momentum builds on interest rate differentials and 200-day EMA support.