Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 23, 2017.

Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of July 23, 2017 here.

The EUR/JPY pair respected the support level at 128.50 for many sessions lately, which supports continuing the upward momentum, the pullback was only due to profit taking.

Friday is the third bearish session of the USD/JPY settling below 112.00 level, with the negative affect on the USD from Trump policies.

Like the case in the previous technical analysis, we still expect that any gains for the pound will be a new sell opportunity.

As expected earlier any gains of the GBP will be a selling opportunity, because the British economic sectors are producing unstable results and always affecting negatively, in addition to the renewed fears of a hard BREXIT.

Gold prices rose $3.39 an ounce on Thursday, benefitting from a drop in the U.S. dollar index.

The EUR/USD pair fell during the trading session on Wednesday, testing the 1.15 level. The British pound fell slightly during the day on Wednesday, testing the 1.30 level.

Get the NZD/USD Forex signal for July 20, 2017 here.

Get the AUD/USD Forex signal for July 20, 2017 here.

Get the USD/JPY Forex signal for July 20, 2017 here.

Get the USD/CAD Forex signal for July 20, 2017 here.

Get the USD/CHF Forex signal for July 20, 2017 here.

Get the GBP/USD Forex signal for July 20, 2017 here.

Get the EUR/USD Forex signal for July 20, 2017 here.