Forex Daily Forecast, Analysis and Prediction

The past week of gold trading was crucial in strengthening the bullish outlook for the gold price index.

The EUR/USD rebounded higher, attempting to break resistance at 1.1700, supported by U.S. inflation data and tensions between Trump and Federal Reserve officials.

Tesla consolidates above its breakout zone, with support from moving averages and bullish sentiment pointing toward a steady climb to $360.

Silver showed resilience after an initial drop, as dip buyers keep the bullish trend intact with $40 as the next major resistance target.

The euro slipped against the dollar, struggling under 1.18 resistance while 1.16 support and Fed rate cut speculation define the next move.

Crude oil remains choppy around $65, with the 50-day EMA acting as resistance and $63–$62 providing support as global oversupply caps major upside moves.

The S&P 500 stalled at the 6,500 barrier on Friday, raising questions about whether support at 6,450 will hold or a deeper pullback is ahead.

The DAX closed the week weakly, dropping under the 50-day EMA and pointing toward further downside while global recession fears and low summer volume weigh on sentiment.

The USD/CHF pair is consolidating near the 0.80 level, with limited downside and potential rebounds toward 0.81 creating a neutral yet scalper-friendly setup.

Bitcoin dropped below the $110,000 mark on Friday, with weak momentum and risk aversion raising the risk of a deeper move toward $104K or $100K before recovery.

The USD/ZAR is showing an ability to trade below the 17.60000 level early today, but speculators need to treat price action suspiciously because of the U.S Labor Day holiday.

The British pound regained ground after an initial drop, with GBP/USD trapped between strong support at 1.34 and resistance at 1.36 as traders await a breakout.

The USD/SGD is near the 1.28360 ratio as of this writing, the U.S is celebrating Labor Day and because of this Forex will see limited volumes throughout Monday, meaning Tuesday could be volatile.

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