Forex Daily Forecast, Analysis and Prediction

The GBP/USD had an eventful week as the UK published important economic numbers.

The AUD/USD exchange rate continued its bullish trend as the US dollar sell-off gained steam.

My previous EUR/USD signal on 9th January was not triggered, as the resistance level I had identified at $1.0692 did not hold strongly enough to produce a short trade signal.

The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Friday, as we are now above the $80 level.

The USD/CHF had a strong session on Friday as we continue to bounce from extreme lows.

The NZD/USD has rallied rather significantly during the day on Friday, testing the 0.65 level yet again.

Gold markets have done very little during the trading session on Friday, as we are hanging around the $1930 level.

The GBP/JPY rallied a bit during the trading session on Friday, as we are approaching the 50-Day EMA.

EUR/USD speculators likely ran into what can be described as turbulent short-term trading conditions last week with choppy results making the pursuit of the currency pair a difficult endeavor.

The bullish trend of the GBP/USD has remained intact and traders pursuing upwards momentum have likely had their observations confirmed.

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

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 22nd, 2022 here.

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.

The Nikkei 225 gapped lower to kick off the Thursday session, and then simply fell from there.

The NASDAQ 100 has fallen a bit during the trading session on Thursday, as we have broken below the 50-Day EMA.