Forex Daily Forecast, Analysis and Prediction

Silver prices show resilience and may be ready for a bullish breakout above $40, with strong support at $37.50 and a measured target at $42.50.

The US dollar touched the 50-day EMA against the Canadian dollar on Monday, with traders bracing for sharp moves on Wednesday’s critical rate decisions from both central banks.

The German DAX plunged toward €23,950 on Monday, with technical traders watching the €23,800 and €23,000 levels for signs of support and potential long opportunities.

Gold prices declined on Monday to $3325 amid global market indecision and anticipation of central bank announcements, with strong support near $3200 and resistance at $3500 maintaining a sideways bias.

Gold (XAU/USD) fell toward the $3312 support level as a stronger US dollar and easing trade tensions weighed on sentiment, with traders watching the $3300 zone ahead of major US economic releases and the Fed's policy decision.

EUR/USD retreated to 1.1670 amid renewed dollar strength following the US-EU trade deal, with traders cautious ahead of key US economic data and the Fed decision.

The USD/MXN pair dropped to 18.5925 amid EU-US trade deal optimism, but remains highly volatile with key risk events like the Fed meeting and US jobless data ahead.

The USD/ZAR pair has rebounded above 17.7700 ahead of the Fed’s decision, with short-term technicals hinting at overbought conditions despite a cautious macro backdrop.

The British pound declined on Friday, testing critical technical levels near 1.3350 and the 50-day EMA, with a potential signal targeting 1.3133 if support fails.

The USD/JPY pair climbed on Friday, testing the key ¥148–¥149 resistance zone as bullish momentum builds on interest rate differentials and 200-day EMA support.

The euro edged lower on Friday, hinting at a possible double top near 1.18, while traders eye critical support between 1.15 and 1.16 for direction cues.

Bitcoin dipped below $120,000 on Friday but remains within a bullish flag formation, suggesting a potential breakout toward $130,000 if momentum returns.

Gold is testing key technical support levels around the 50-Day EMA and uptrend line, suggesting short-term stability within a broader summer consolidation range between $3200 and $3500.

The AI wave has driven global equity markets higher and offered protection against market correction. The trend may accelerate as AI hyper-scalers build data centers and require GPUs to run large language models. Given the massive rally in equity markets, with the NASDAQ 100 drawing comparisons to the 1999 Dot-Com Crash era, should you diversify away from AI or double down on it?

Following a correction driven by mixed earnings, Molina Healthcare (MOH) presents a compelling long trade setup supported by undervaluation, strong fundamentals, and new Medicaid wins.