Forex Daily Forecast, Analysis and Prediction

The British pound has fallen during the trading session on Friday as we continue to see a lot of negativity in the pound overall.

The Euro has pulled back a bit during the trading session on Friday to wipe out most of the body of the bullish candlestick from the Thursday session.

The USD/BRL went into the weekend near the 5.3284 ratio.

After hitting an apex of nearly 18.58000 briefly in the middle of last week, the USD/ZAR is trading early this morning near the 18.26000 ratio.

Bitcoin initially tried to rally on Friday but gave back gains as soon as we touched by the 50-Day EMA.

The GBP/USD price held steady on Monday as investors focused on the measures that Lizz Truss has put to solve the recent challenges.

The EUR/USD price continued its bearish trend on Monday morning as the focus shifted to important US housing and UK inflation data.

The BTC/USD price remained in a tight range even after a surge in American consumer inflation data.

The AUD/USD price came under intense selling as commodity prices slumped and the US dollar edged higher after the latest American inflation data.

Gold markets have fallen hard during the trading session on Friday, showing that we are in fact ready to go even lower.

The US dollar has spiked again during the trading session on Friday as the Bank of Japan continues to work against interest rates.

The West Texas Intermediate Crude Oil market has fallen hard during the Friday session, as we continue to grind back and forth.

The price of WTI Crude Oil will enter this week of trading having seen its value decline from a high above 92.40 to around 84.55 USD.

The EUR/USD produced a fairly consolidated price action path at the start of last week, but on Thursday and Friday demonstrated dangerous velocity as it spiked in both directions.

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