Forex Daily Forecast, Analysis and Prediction

crude oil stalls as US-Iran war fears fade, with traders watching the $67 floor, $78 resistance area, 200-day EMA, and summer range trading.

GBP/USD hesitates near resistance and the 200-day EMA as Middle East uncertainty, US Dollar direction, and range-bound trading shape the outlook.

USD/CAD whipsaws around the 1.42 pivot as traders watch 1.4150 support, 1.4250 resistance, US Dollar strength, and Canadian weakness.

AUD/USD holds near the 200-day EMA as traders watch US Dollar strength, Middle East headlines, commodity pressure, and breakout levels at 0.70 and 0.68.

NZD/USD rallies after New Zealand rate hikes, but traders watch 0.58 resistance, the 50-day EMA, US Dollar strength, and risk appetite pressure.

USD/MXN slips around the 17.50 pivot as traders watch 17.65 resistance, carry appeal, Mexican peso strength, and a potential move toward 17.30.

USD/CHF drifts near 0.81 as a golden cross, US rate advantage, and 0.80 support keep the bullish outlook focused on 0.85.

Mantle (MNT) trades above $0.42 as buyers test the $0.428–$0.430 resistance zone, eyeing $0.44–$0.45 if support at $0.423 holds in the short term.

The USD/MYR is trading near the 4.0740 level as of this writing, this after touching a low of almost 4.0600 on Friday of last week, but considering the price action and global circumstances nervous highs in the currency pair remain in relatively bearish terrain.

The USD/ILS is trading near the 3.02950 mark as of this morning with a rather wide spread being shown, this comes after the Bank of Israel lowered its main interest rate on the 6th of July by another 0.25%.

Gold's overall trend: Bearish in the medium term with a short-term upward correction.

Overall Trend: Bearish in the medium term, with temporary corrective recovery attempts.

This currency pair has started to surprise again just after it had started to behave like its trend was coming to the bend at the end, as all trends are wont.

The EUR/USD exchange rate was flat on Thursday as traders reacted mildly to the latest Federal Reserve minutes. It was trading at 1.1423, inside its recent range, as traders waited for the upcoming European Central Bank (ECB) minutes and statements from some key Fed officials.

Bitcoin price retreated for the second consecutive day, as geopolitical risks continued rising. The BTC/USD pair dropped to 62,100, a few points below this week’s high of over 64,000.