Forex Daily Forecast, Analysis and Prediction

The US dollar gained ground against the Swiss franc on Thursday, with rate differentials and US tariffs supporting a potential USD/CHF bottoming setup.

Apple stock surged above the 200-day EMA on Thursday, defying broader market weakness and setting up a potential breakout toward the $250 level.

The New Zealand dollar retreats after testing key resistance at the 50-day EMA, reflecting broader risk-off sentiment and Asia-Pacific market concerns.

The British pound rallies against the US dollar, challenging key resistance at 1.35 while traders weigh a possible head-and-shoulders retest and low-volume indecision.

Silver continues its bullish grind toward the $40 level despite short-term volatility and weakening volume during the summer lull.

Gold continues to consolidate below the $3,500 ceiling, with bullish momentum building toward a potential breakout targeting the $3,800 level.

Bitcoin continues to attract dip buyers, with the $120K level acting as a key resistance barrier, while the $110K zone offers crucial technical support.

The euro remains indecisive around the 1.16 level, with summer volatility and central bank divergence keeping EUR/USD in a precarious technical position.

Gold (XAU/USD) is testing the key $3400 resistance level today, backed by weak US economic data, geopolitical tensions, and expectations of a Fed rate cut in September.

The EUR/USD pair is recovering from last week's lows, trading near 1.1680 as traders eye a potential breakout toward 1.20 amid rising expectations of Fed rate cuts.

Solana is attempting a breakout above $175 after rebounding from key support, supported by bullish technical signals and rising network activity.

The USD/MYR pair has fallen back toward support near 4.2250 after a brief rally, driven by weaker US jobs data and growing bets on a Federal Reserve rate cut.

The NZD/USD continues its bullish correction, rising toward the 0.59600 resistance as sentiment shifts on potential US interest rate cuts and broad USD softness.

The US dollar is pulling back against the Canadian dollar as USD/CAD tests the 50-Day EMA, with Friday’s Canadian jobs data expected to drive the next big move.

The German DAX continues to consolidate around its 50-Day EMA as low summer volume limits momentum, keeping the index range-bound between €23,000 and €24,600.