The Forex market is complicated, but your market analysis doesn’t need to be.
We’ve combined Forex technical analysis and fundamental analysis into one comprehensive weekly Forex forecast so that traders can get a thorough understanding of the market without taking too much time away from their trading. Take a look at one of our featured currencies, or read our full weekly Forex forecast to get a picture of the market that you won’t find elsewhere.
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This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The growing consensus that the Fed is done with rate hikes due to US economic data beginning to show a more convincing economic cooling, risk assets are enjoying a rise, while relative strength in the US Dollar persists.
The EUR/USD went into this weekend once again testing new lows, and bullish traders who have been pursuing upwards momentum continue to be treated with tough conditions.
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The GBP/USD went into the weekend within sight of its low for the week, as nervous trading remained abundant, setting up the potential of an intriguing week ahead.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The GBP/USD touched the 1.28000 mark early this week, but went into the weekend below the 1.26000 ratio in a rather volatile handful of days for speculators.
The EUR/USD went lower again last week which may have sounded alarm bells among surprised traders, but perspective is needed.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of August 27th, 2023 here.
The EUR/USD went into the weekend near the 1.08725 ratio as it created a one month low and finds its value floating near what could be considered crucial mid-term support.
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The GBP/USD finished the last week of trading with gains, but they were not achieved easily as financial institutions and traders’ battled mixed U.K. economic data.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of August 20th, 2023 here.
The EUR/USD finished near a value of 1.09445 going into the weekend.
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Sign up to get the latest market updates and free signals directly to your inbox.The start of trading last week in the GBP/USD produced rather calm trading waters, but on Thursday volatile waves caused choppiness as U.S and U.K data hit speculators.
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 August 13th, 2023 here.