Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair continues its bullish run, reaching 1.1641 amid dollar weakness and improved sentiment following a Middle East ceasefire and German data.

The USD/BRL pair continues to drift lower, with bearish sentiment persisting as Brazil's Real aligns with global forex trends and USD weakness.

The USD/ILS continues its bearish slide toward 3.40000 as geopolitical easing and strong Shekel sentiment pressure the dollar.

Gold experienced a sharp sell-off during Tuesday’s session as the ceasefire between Israel and Iran removed some geopolitical risk premium from the market.

The EUR/USD continues its bullish momentum, targeting the 1.16 resistance level. A daily close above 1.1650 could signal a strong breakout as traders await Jerome Powell’s testimony.

The US dollar weakened against the Japanese yen on Tuesday, breaking key support at ¥146. Traders are watching ¥145 and ¥142 for a potential bottom as the pair seeks stability.

The S&P 500 rose sharply on Tuesday, driven by improved risk appetite following an Israel-Iran ceasefire and calming remarks from Fed Chair Jerome Powell. Pullbacks could attract buyers near 6000.

The US dollar edged lower against the Canadian dollar following Israel-Iran ceasefire news. Traders eye 1.3700 and the 50-day EMA as geopolitical and macroeconomic factors drive price action.

Euro weakens against the yen amid risk-off sentiment, but support near 165.00 may trigger renewed buying. Watch for upside toward 170.00 and 175.00 as carry trade appeal continues.

CHF/JPY rallies as the Swiss franc outperforms the yen. Traders watch for a breakout above 181.00 to confirm further upside, with support near 177.00 from the previous ascending triangle.

USD/MXN falls as the peso gains strength on robust risk appetite and attractive interest rate differentials. A breakdown below 18.80 could trigger further selling toward 18.60 and 17.65.

Despite a small pullback, Apple (AAPL) remains in consolidation, with potential upside if it breaks above the 50-day EMA. Watch for key levels and earnings catalyst.

With strong candlestick patterns and bullish sentiment, the NASDAQ 100 is poised for a breakout. Traders eye $22,500 as the next major resistance.

AUD/USD rises 2% from weekly lows as investors embrace risk-on sentiment. A bullish hammer and golden cross signal potential upside toward 0.6600.

The pound strengthens against the dollar amid recession fears in the US and dovish rate cut signals. Explore GBP/USD technicals and trade setups now.