Forex Daily Forecast, Analysis and Prediction

Bitcoin’s recent weak recovery looks in jeopardy, as the record highs of May recede into the distance behind us.

AUD/USD remains stable within a tight range as strong US jobs data and steady Australian growth fuel anticipation of a potential bullish breakout toward 0.6600.

GBP/USD trades near its yearly peak as technical indicators support a bullish continuation, with traders watching UK PMI data and Fed commentary for further direction.

EUR/USD remains in an upward trend ahead of the ECB decision, with bulls eyeing 1.1570 as support holds and market reacts to falling Eurozone inflation and US jobs data.

The New Zealand dollar pulled back after testing the key 0.60 breakout level, with traders eyeing bullish continuation amid strong support and a recent golden cross.

The US dollar rebounded from extreme lows against the Swedish krona on Tuesday, with the 9.5 SEK level acting as a potential turning point for a swing trade setup.

The US dollar saw a volatile but directionless session against the South African Rand on Tuesday, as traders await a breakout from the 17.75–18.00 ZAR range.

The US dollar rebounded strongly against the yen on Tuesday, buoyed by interest rate differentials and growing concerns over Japan’s bond market instability.

Crude oil continues to test major resistance near $65, with rising demand and bullish momentum suggesting a potential breakout despite ongoing OPEC supply concerns.

The euro struggled to maintain upward momentum on Tuesday, falling back into a well-defined range as traders eye potential breakdown risks below 1.12.

The US dollar surged against the Swiss franc on Tuesday, reclaiming lost ground but faces tough resistance near 0.84 as global trade tensions persist.

Natural gas continues to trade within a defined range as seasonal U.S. demand weakens and mixed signals from Europe add to market uncertainty.

The British pound showed minor weakness on Tuesday but remains well-positioned for a breakout above 1.3650 amid relative strength against the US dollar.

Despite intraday weakness, gold remains in a bullish trend with strong support from dip buyers aiming for a breakout toward the $3,500 level.

Gold prices surged on escalating trade and geopolitical tensions, with strong bullish momentum suggesting a potential breakout above $3400 in the near term.