Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair is poised for a bullish breakout toward 0.6600 as technical indicators align and market focus shifts to the Fed's upcoming minutes and trade progress.

The BTC/USD pair is poised for further gains as institutional demand surges, supply tightens, and bullish technical patterns signal a push toward and beyond 111,900.

The GBP/USD pair is expected to drop toward 1.3430 before resuming its upward trend, driven by positive US consumer confidence and bullish technical patterns.

Gold prices fell early Tuesday amid bond market uncertainty, but strong support at $3200 and a bullish trend suggest potential for a rebound toward $3500.

Silver continues trading in a volatile range between $32 and $34, with the $33 level and 50-day EMA offering support as markets await economic clarity.

The British pound pulled back from 1.36 resistance, but a breakout above 1.3650 could trigger a bullish run toward 1.3925, with key support at 1.34 in focus.

Crude oil prices pulled back after testing resistance at $62, remaining range-bound between $60 and $65 as traders weigh OPEC output, seasonal demand, and economic risks.

Due to the US holiday and the lack of sufficient liquidity to support price movements, the gold price index stabilized at the beginning of the week's trading

Recently, the EUR/USD pair has seen a significant rise from its recent lows, trading above a clearly defined uptrend line and moving towards critical Fibonacci

The GBP/USD exchang rate surged to the highest level since February 2022 as signs showed that the British economy was doing better than expected

The EUR/USD exchange rate continued rising this week after Donald Trump announced an extension to his tariffs from January 1 to July 9 as the two regions

Bitcoin price resumed its uptrend as demand for the coin continued rising. The BTC/USD pair rose to 110,000 from this week’s low of 106,610, with bulls targetin

During the trading session on Monday, we have seen a significant move higher by the Canadian dollar against the Japanese yen, which should not be a huge surprise considering that the last couple of candlesticks were both hammers, so that does lead to the idea that there are plenty of buyers underneath.

During the trading session on Monday, we saw the USD/CAD pair drop, but it has bounced enough to form a bit of a hammer. However, keep in mind that it was Memorial Day in the United States, so at least New York wasn’t involved at this point in time. The Canadian market itself isn’t big enough to really move things, so that explains why we had a fairly tight range for the session. The 1.37 level seems to be an area that is pushing back against some of the selling pressure.

On Monday, we have seen the New Zealand dollar rally quite nicely against the US dollar, as we have broken above the 0.60 level. The 0.60 level is the beginning of massive resistance, and I think at this point in time we should be watching for either more momentum to the upside, or signs of exhaustion that we can start shorting. Quite frankly, when I look around the forex world, I can see that a lot of pairs look like this at the moment, that the US dollar may get eviscerated, or its oversold and it’s going to turn things around.