Forex Daily Forecast, Analysis and Prediction

EUR/USD is starting to tilt bearish as rising risk aversion and renewed dollar demand pressure the pair toward the 1.1700–1.1660 support zone.

The USD/SGD exchange rate has remained under pressure in the past few weeks as the US dollar has softened recently. It was trading at 1.

The USD/BRL exchange rate continued its strong downward trend this month, reaching its lowest level since March 24, making the Brazilian real one of the...

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.