Forex Daily Forecast, Analysis and Prediction

The euro reversed gains near 1.12 as rising US interest rates and long-term resistance triggered a pullback, with traders eyeing 1.0950 support and 1.13 resistance.

The British pound gave up early gains near the key 1.34 level, with technical resistance, US rate hikes, and repeated rejection patterns signaling potential downside.

The Australian dollar gave back gains on Wednesday, failing at 0.65 as rising US interest rates and Chinese economic uncertainty kept the pair in a sideways range.

The US dollar is showing renewed strength against the Swiss franc as climbing US interest rates and minimal Swiss returns attract buyers near key technical levels.

The USD/BRL pair is testing key support at 5.6000 as improving U.S.-China trade sentiment strengthens the Brazilian real, though political and fiscal risks remain a wildcard for near-term direction.

Gold remains under bearish pressure as traders test the $3200 support level, but soft US CPI data, ongoing ETF inflows, and safe-haven demand are helping stabilize prices near $3235.

EUR/USD is attempting a rebound from 1.1061, testing the 38.2% Fibonacci level at 1.1189, with short-term bullish signals emerging despite a broader bearish trend and mixed moving average momentum.

The British pound rose sharply on Tuesday, but triple weekly shooting stars and resistance near 1.34 warn of a potential reversal unless a breakout above 1.35 confirms bullish continuation.

Crude oil surged toward the $65 resistance and 50-day EMA on Tuesday, as global demand uncertainty gives way to trade optimism and a potential trend reversal takes shape.

The euro rebounded from the 50-day EMA and key 1.11 support, though failure to reclaim the 1.12–1.13 zone suggests rising downside risk amid broader USD strength.

The DAX hovered above €23,500 on Tuesday as the index consolidates recent gains, with strong technical support at €22,500 and euro softness supporting further upside potential.

Gold bounces off $3200 as 50-day EMA converges with support; bullish momentum builds on USD weakness and central bank demand.

The US dollar slipped against the Swiss franc on Tuesday, testing key support at 0.84 after failing at the 50-day EMA, with traders watching 0.8550 resistance amid shifting risk sentiment.

USD/CAD reversed Tuesday after testing the 200-day EMA, with 1.3750 offering near-term support as the pair consolidates in a range amid lingering US-Canada trade uncertainty.

The US dollar eased against the yen on Tuesday but remains supported above 145, with a strong triple bottom at 140 and a bullish outlook toward the 150 resistance zone.