Forex Daily Forecast, Analysis and Prediction

The S&P 500 fell Friday after initially trying to break above the 4000 level.

The AUD/USD currency pair was all over the place Friday as we reached as high as the 50-day EMA before turning around and showing signs of exhaustion.

The USD/JPY pair initially tried to rally Friday but then fell rather significantly.

The NASDAQ 100 initially tried to rally on Friday but gave back gains as we began looking very negative by the end of the day.

Gold markets rallied again on Friday as we have seen a significant bounce from the crucial $1680 level.

Ethereum markets initially rallied a bit Friday but gave back gains as we continue to see a lot of noisy behavior.

Bitcoin markets rallied a bit on Friday but gave back gains rather quickly as we continue to go sideways.

The West Texas Intermediate Crude Oil market pulled back significantly Friday to show signs of negativity, but we are sitting at the 200-day EMA and have bounced from there significantly.

The EUR/USD fell significantly Friday only to turn around and show signs of life.

The British pound went back and forth Friday as we continue to hang right around the 1.20 level.

The GBP/USD price tilted lower after a weekend of chaos at Dover and as investors wait for the upcoming Fed interest rate decision.

The EUR/USD pair is struggling for direction as investors focus on the latest interest rate decision by the European Central Bank (ECB).

The BTC/USD price pulled back slightly from its highest point last week as investors reflected on news that Tesla had sold some of its coins in the second quarter.

The AUD/USD price formed a shooting star pattern as the market braces for important events from the United States and Australia.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 24, 2022 here.