Forex Daily Forecast, Analysis and Prediction

Buy the GBP/USD pair and set a take-profit at 1.3600.

Buy the BTC/USD pair and set a take-profit at 81,000.

Buy the AUD/USD pair and set a take-profit at 0.7250.

USD/CHF is attracting buyers near 0.78, with higher US rates and Swiss National Bank policy helping keep the pair biased toward a move to 0.80.

Silver came under heavy pressure as higher interest rates and geopolitical uncertainty weighed on the metal, with $70 now the key downside level to watch.

Gold came under pressure as higher US yields and stalled Iran-US talks boosted the dollar, with $4,600 now the key support level to watch.

EUR/USD remains trapped in a broad range, with 1.18–1.1850 limiting rallies while rising US yields raise the risk of a pullback toward 1.1670 or 1.16.

USD/CAD is attempting a rebound on higher US yields and geopolitical uncertainty, with 1.37–1.3750 as the key recovery zone to watch.

The Overall Gold Trend: Neutral with a bearish bias.

Overall Trend: Bullish, but vulnerable to a technical correction.

As the deadline for the expiry of the Iran / USA ceasefire approaches within the next day, markets are becoming more nervous which will tend to depress the price of this currency pair.

The GBP/USD pair rose above the important support level at 1.3500 as investors waited for the end of the UE-Iran ceasefire and the upcoming macro data from the United States and the UK. It was trading at 1.3540, a few points above this week’s low of 1.3475.

The EUR/USD exchange rate wavered on Tuesday as traders waited for the upcoming US retail sales and pending home sales data.

Bitcoin price was largely unchanged at a crucial resistance level as traders reflected on the recent market events, including the rising ETF inflows and market manipulation in the industry.

The Euro has been noisy on Monday against almost everything else. This is a pair that I am watching very closely at the moment.