Forex Daily Forecast, Analysis and Prediction

WTI crude oil rallied into the $65 resistance zone, with traders watching for a breakout toward $70 if momentum holds above this critical level.

Bitcoin found strong support at $110K, rebounding with a bullish hammer as traders watch for a move toward $120K in its ongoing summer range.

USD/JPY rebounded from the 50-Day EMA, with traders eyeing 149 as key resistance and 146 as critical support in the coming sessions.

Gold prices remain range-bound, but strong support and Fed rate cut expectations keep the $3,500 breakout target in play.

Nvidia’s Wednesday earnings call is set to drive Nasdaq momentum, with traders watching $185 resistance and $170–$168 support for key moves.

Silver pulled back on Monday, facing resistance at $39 while support at $37.50 and industrial demand concerns keep volatility high.

The GBP/USD pair has pulled back after Friday’s rally, with resistance at 1.36 and support at 1.3250 keeping the market range-bound following Powell’s speech.

The NASDAQ 100 is consolidating near key support, with Nvidia’s upcoming earnings likely to determine whether the index pushes through the 24,000 resistance level.

EUR/USD is rebounding near 1.1720 after Powell’s dovish Jackson Hole speech, with bulls targeting 1.1830 and possibly 1.20 if momentum strengthens.

Gold prices climbed toward $3,400 after Powell’s dovish tone fueled rate cut bets, with technicals pointing bullish but risks tied to PCE and Fed policy ahead.

Ethereum hit $4,953, its highest price ever, backed by institutional inflows, strong DeFi growth, and Powell’s dovish Fed pivot, with targets up to $6,200.

Contracting profit margins, shareholder value destruction, and failed growth initiatives have pressured the share price. The unsustainable dividend yield and current market conditions add to bearish factors. What will follow the most recent breakdown?

With a concerning current ratio, fully valued shares, and weakening consumer sentiment, the headwinds for consumer retailers continue to expand. How strong is resistance, and should you sell the rally?

The US dollar tumbled against the yen after Powell’s dovish speech, with traders eyeing ¥146 support and ¥149 resistance as volatility stays high.

Bitcoin is falling strongly and steadily, threatening to break down to new medium-term low prices, and facing a test of support at $110,569.