Forex Daily Forecast, Analysis and Prediction

The US dollar weakened against the Mexican peso on Tuesday, with momentum targeting the 18.50 support level and potential downside toward 17.75 if the trend persists.

Platinum prices show signs of exhaustion with bearish RSI divergence, making the $1,400 support and $1,500 resistance critical inflection points for the next directional move.

The CAC 40 remains rangebound between 7,500 and 7,950, with dip-buying favored as traders await a breakout catalyst, potentially from EU-US trade developments.

The USD/CAD pair remains volatile as dollar weakness pressures support at 1.3550, with key levels at 1.38 and 1.3350 likely to dictate the next directional move.

Gold rallies again as bulls target a breakout above $3,500, with technicals pointing to $3,800 if momentum holds and support near $3,200 remains firm.

Natural gas prices fell again Tuesday, approaching the $3.00 support zone, with traders fading rallies amid volatility, shifting seasonality, and geopolitical supply dynamics.

The euro continues to climb against the US dollar, testing the 1.17 resistance as bullish momentum and a weakening greenback support a potential move toward 1.20.

The British pound remains supported above 1.3350 amid choppy trading, with a potential breakout above 1.3550 signaling a move toward the 1.38 resistance level.

Apple continues to test the 200-day EMA and $215 resistance as bullish momentum builds ahead of earnings, with breakout potential toward $222 and $239.

Gold prices remain in a strong uptrend above $3,400, supported by geopolitical tensions, falling bond yields, and USD weakness, with $3,500 now in clear focus.

EUR/USD climbs back toward 1.1700 as traders await Jerome Powell’s statement and assess ECB policy signals amid looming EU-US tariff uncertainty.

The S&P 500 continues its sharp ascent with strong speculative momentum, pushing toward 6,400 as traders remain wary of looming Fed and tariff uncertainties.

The Nasdaq 100 continues to climb to record highs above 23,000, as bullish momentum, speculative buying, and fear of missing out outweigh policy and tariff concerns.

The British pound bounced strongly from its long-term trendline, clearing the 50-day EMA and reinforcing bullish momentum amid ongoing speculation around US rate cuts.

The US dollar struggles against the Swiss franc as a bearish flag forms near the 0.79 level, with a breakdown likely to spark further selling unless SNB intervention tempers CHF strength.