Forex Daily Forecast, Analysis and Prediction

The AUD/USD moved sideways on Monday as traders prepared for another busy week in the financial market.

The GBP/USD finished last week’s trading around the 1.21725 ratio.

The EUR/USD closed the last week of trading near the 1.06640 mark, and the start of trading this past Monday began near the 1.06900 level.

The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.

The GBP/JPY has been struggling to maintain gains during Thursday's trading session, as the currency dips below the ¥160 level against the Japanese yen.

The gold market experienced a lot of back-and-forth movement during Thursday's trading session.

The West Texas Intermediate Crude Oil market displayed reluctance to move during Thursday's trading session.

The GBP/USD continues to face weakness as it tries to rally during Thursday's trading session but fails to maintain its gains.

The AUD/USD has experienced a slight rally against the US dollar during Thursday's trading session, attempting to recover from the recent selloff.

The USD/JPY has retreated slightly during Thursday's trading session, retesting the ¥132.50 level.

The S&P 500 index has experienced a lot of turbulence recently, with several factors contributing to its volatility.

The silver market is experiencing some resistance during the trading session on Thursday, despite attempting to rally and eking out gains.

The EUR/USD showed some bullish behavior during Thursday's trading session, rallying a bit to break back above the 1.06 level.

The CAD/CHF dropped a bit during the trading session on Thursday, but it looks as if it is still trying to drive toward resistance against the Swiss franc.