Forex Daily Forecast, Analysis and Prediction

Meta stock is finding support at $745, with bullish technicals pointing to a potential rebound and momentum above the $800 resistance level.

The US dollar strengthens against the Canadian dollar, with traders watching a breakout above the 200-day EMA for a move toward 1.40.

The NASDAQ 100 tumbles from extreme highs, with traders eyeing 23,250 support as Fed policy and thin summer liquidity shape the next move.

The British pound retreats against the US dollar, with resistance at 1.36 and Jackson Hole speeches likely to decide the next breakout direction.

The Australian dollar weakens toward the 200-day EMA, with resistance at 0.6550 and Fed signals likely to determine the next move.

The US dollar holds steady against the yen near major moving averages, with traders eyeing 148 resistance and 146 support ahead of Jackson Hole.

The euro trades with an upward bias above 1.1660, with peace talks and Powell’s Jackson Hole speech likely to shape direction toward the 1.1800 level.

Gold prices weaken as easing geopolitical concerns reduce safe-haven demand, with traders watching $3300 support and $3400 resistance for direction.

The S&P 500 pulls back to 6,445 after record highs, with support at 6,440–6,430 eyed as traders balance profit-taking with Fed outlooks.

The US dollar steadies against the Swiss franc above 0.80, with traders eyeing a breakout toward 0.83 or a reversal to 0.79 as Fed cuts loom.

The US dollar remains choppy against the Canadian dollar near 1.38, with weak Canadian fundamentals and key EMA levels guiding short-term direction.

The New Zealand dollar rises against the yen but remains trapped in a tight ¥87.5–¥89 range, with risk sentiment driving short-term moves.

The British pound faces resistance at 1.3550, with risks of a pullback toward 1.3250 unless a breakout above 1.36 revives bullish momentum.

The US dollar gains against the Mexican peso near the 50-day EMA, but the downtrend persists with sellers targeting support around 18.50.

High valuations compared to its peers in the sector, a low return on average invested capital, long-term value destruction, and balance sheet issues plague this stock. The uncertainty of BNPL creates another headwind. Should you sell in twin bearish chart patterns?