Forex Daily Forecast, Analysis and Prediction

The AUD/USD bounced a bit during the trading session on Friday, as the 0.66 level has continued on for support.

The GBP/USD pair rose slightly as the market watched the deliberations on the debt ceiling and the upcoming Federal Reserve minutes.

The BTC/USD exchange rate moved sideways as the focus remained on the debt ceiling issue in the United States.

The AUD/USD pair was flat on Monday as last Friday’s rebound stalled.

Speculative bullish traders of the EUR/USD may have had their Forex accounts battered last week.

The GBP/USD went into the weekend near the 1.23390 ratio, after suffering a rather incremental decline in value last week.

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.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of May 21st, 2022 here.

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

The USD/JPY initially experienced a minor retreat during Thursday's trading session, only to rebound and exhibit renewed strength.

The S&P 500 faced resistance near the 4200 level on Thursday, hindering its attempts to rally further.

Gold markets experienced a decline during Thursday's trading session, breaking below the crucial 50-Day Exponential Moving Average (EMA).

The West Texas Intermediate (WTI) Crude Oil market witnessed a slight pullback during Thursday's trading session, reflecting the prevailing noise and volatility in the market.

The GBP/USD experienced a decline during the early hours of Thursday, displaying signs of hesitation as it continues to consolidate.

Silver experienced another decline during Thursday's trading session, reflecting ongoing concerns about global economic growth.