Forex Daily Forecast, Analysis and Prediction

Ethereum shows signs of short-term weakness after forming a bearish pattern, with $3000 acting as critical support as traders eye Bitcoin’s next move.

Crude oil prices bounced off $65 support, forming a hammer candlestick as trade deals lift demand hopes, though excess OPEC supply caps gains within a $65–$70 range.

Meta Platforms stock continues consolidating in a bullish channel near $700, with potential upside to $750 if $720 breaks ahead of next week's earnings call.

Silver continues to press against the key $40 resistance level, with a breakout pointing toward $42.50, while dips to $39 remain bullish opportunities.

Gold remains in a bullish consolidation pattern, with dips toward the 50-day EMA and $3200 likely to attract buyers amid long-term upward momentum.

Tesla stock remains neutral ahead of its earnings release, with traders eyeing a breakout from its $292.50–$365 range depending on the results.

The EUR/USD continues its gradual bullish climb, with solid support between 1.15–1.16 and upside targets at 1.18 and beyond, though momentum remains slow.

The S&P 500 continues its slow bullish climb toward the 6,400 level amid low-volume summer trading, with strong support near 6,300 and 6,200.

The EUR/USD pair shows strong bullish momentum, supported by technical indicators and market optimism ahead of the ECB decision and amid US dollar weakness.

Gold prices continue to rise toward the $3500 level as bullish sentiment strengthens, fueled by global trade tensions, a weaker US dollar, and supportive technical indicators.

The USD/BRL continues to consolidate within a narrow range around 5.5647 as financial institutions await clarity on US–Brazil trade negotiations, with volatility likely upon any breakthrough or breakdown.

The NZD/USD is gaining momentum above 0.60250 after bouncing from recent lows, with traders eyeing a test of 0.60500 if risk sentiment holds and U.S. data supports the move.

The AUD/USD pair continues its upward trend following hawkish RBA minutes and a cautious Fed tone, with bulls eyeing the 0.6650 level amid improving technical momentum.

Bitcoin’s price consolidated in a range between $116,000 and $121,000 over the past week after hitting a record high above $123,000 on July 14, while altcoin Solana is really starting to heat up.

Fully valued shares and a red flag in its balance sheet have punished the share price of ADSK. Bearish trading volumes, a red flag in its balance sheet, and high valuations raise concerns. Is the current share price move a reversal or a bearish bounce?