Forex Daily Forecast, Analysis and Prediction

Bitcoin rallied during most of the trading session on Friday but gave back gains as we continue to see a bit of hesitation.

The Canadian dollar initially fell quite drastically against the Japanese yen as former Japanese Prime Minister Shinzo Abe was assassinated.

The German DAX Index initially dipped a bit in the futures market on Friday, but then turned around to show signs of strength.

Gold markets initially shot higher on Friday but gave up gains again.

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Friday, after initially falling in reaction to the jobs number.

The AUD/USD pair moved sideways as focus remains on the falling commodity prices and the strong American jobs data.

The BTC/USD pair rallied above 22,000 last week as risky assets made some recovery.

The EUR/USD pair moved back slightly after the latest American jobs data that were published on Friday.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of July 11, 2022.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 11, 2022 here.

Start the week of July 10, 2022 with our Forex forecast focusing on major currency pairs here.

The US dollar has pulled back a bit during the trading session on Thursday as the 1.31 level against the Canadian dollar continues to cause resistance.

The WTI Crude Oil market has rallied rather significantly during the trading session on Thursday to test the bottom of the previous trendline.

The Euro initially tried to recover on Thursday but then turned around to show signs of weakness.

The British pound has reversed quite massively during the trading session on Thursday, recapturing the 1.20 level.