Forex Daily Forecast, Analysis and Prediction

GBP stalls at 1.34 vs USD. A break above 1.35 signals bullish shift; below 1.32, bears gain control.

The upward momentum in the EUR/USD pair is gaining strength, with gains reaching the 1.1280 resistance level. The closest point to breaching the 1.1300

Gold bulls successfully approached the $3300 per ounce resistance again, recovering from losses that pushed it towards the $3121 per ounce support level

The strong British Pound and the weaker US Dollar have pushed the price strongly higher to a new multi-year high price, although the resistance level at $1.3458

The EUR/USD exchange rate rose for the second day as concerns about the US economy continued.

The BTC/USD pair consolidated a few points below the all-time high as traders waited for the next catalyst.

The AUD/USD exchange rate reacted mildly to the latest Reserve Bank of Australia (RBA) interest rate decision

The Reserve Bank of Australia (RBA) lowered the cash rate by a quarter-point to 3.85% at today’s meeting.

USD/JPY stabilizes at 145. A break above the 50-day EMA may lead to 148.40. Buyers remain in control.

USD/CAD finds support at 1.39. Choppy trading likely, but bulls eye 1.42 if resistance at EMAs is cleared.

NASDAQ 100 holds 21,000 as buyers step in. 20,000 remains key support with EMAs nearing a golden cross.

USD/MXN falls under 19.50. Traders target 19.00 as Mexico gains on trade hopes and favorable interest rate spread.

BTC holds strong near $104K. Breakout above $110K could trigger rally toward $125K. Dips to $100K seen as buy zones.

Bitcoin’s (BTC) price trades 39% above its multi-month low of $74,400 reached on April 7. This rally brought BTC within 2% of its all-time high of $109,000 when it hit a five-month high at $107,100 on May 19.

The US dollar initially dipped a bit against the Swiss franc, only to turn around and show signs of life.