Forex Daily Forecast, Analysis and Prediction

WTI crude oil bounced Thursday but faces resistance at $65 and remains vulnerable to downside toward $62 amid oversupply and global demand concerns.

Silver bounced from the $37.50 support level, with bullish momentum intact while traders await Jackson Hole for cues on dollar-driven direction.

Natural gas bounced on Thursday, but rallies face resistance near $3.20 while bearish pressure points to potential declines toward $2.50.

EUR/USD consolidates near 1.1625 with a bearish bias, as traders await Eurozone PMI data and Powell’s Jackson Hole remarks for direction.

Gold (XAU/USD) slips to $3,335 support as the dollar strengthens, with traders eyeing Jackson Hole for Fed policy signals and key levels at $3,310–$3,410.

NZD/USD trades near 0.5819 as bearish pressure builds. Support sits at 0.5817, resistance at 0.5823, with Jackson Hole in focus.

Another dismal earnings report showed a negative return on assets and a negative return on equity. Recent outside investments are unlikely to stem the loss in market share and compensate for the AI miss. What will follow the recent breakdown?

A super return on assets and on invested capital from a conglomerate in the early stages of splitting into three publicly traded companies will unlock shareholder value and provide a strong platform for future growth. Is it time to buy the dip?

USD/ILS hovers near 3.4160 after sustaining a break above 3.40, with Jackson Hole remarks expected to drive volatility as support sits at 3.4130 and resistance at 3.4180.

AUD/USD trades near 0.6422 support, with a double bottom pattern signaling a potential rebound toward 0.6500 while 0.6350 remains key downside risk.

Bitcoin trades near $113K as Ichimoku and a double-top pattern signal bearish momentum, with downside targeting $110K unless $118K resistance breaks.

GBP/USD remains under pressure amid risk-off sentiment, with a bearish setup targeting 1.3350 while 1.3585 stands as critical resistance.

EUR/USD is consolidating near 1.1670, with a bullish breakout setup targeting 1.1750 while 1.1550 remains the key bearish trigger level.

USD/CAD consolidates near the 200-Day EMA, with a bullish signal targeting 1.3990 while 1.38 serves as key support for risk control.

The New Zealand dollar slid against the US dollar after a rate cut, with NZD/USD breaking 0.5850 and testing 0.58 as sellers target 0.56.