Forex Daily Forecast, Analysis and Prediction

Bitcoin had a great performance in the first half of the year.

The AUD/USD price moved sideways on Monday as traders waited for the upcoming interest rate decision by the Reserve Bank of Australia (RBA).

My previous GBP/USD signal on 27th June produced a short trade from the bearish rejection of the resistance level which I had identified at $1.2748, but this only gave about 20 pips of profit so would have been a loss.

GBP/USD speculators continue to be dealt with a rather challenging trading landscape as July begins.

The EUR/USD went into the weekend near the 1.09100 ratios, finishing the week of trading near values it began close to at the start of last week.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of July 2nd, 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.

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

The USD/JPY has experienced a minor retreat in recent trading sessions, only to regain its strength and resume its upward trajectory.

The USD/MXN pair has been very negative for quite some time, as we now find the market testing the 17 pesos level.

The NASDAQ 100 rallied rather significantly during the month of June, and therefore it looks as if we are testing a major breakout.

In recent trading sessions, the British pound initially attempted to rally, only to relinquish its gains swiftly due to prevailing volatility.

The pound has shown signs of stabilization in Thursday's trading session, reaffirming its overall uptrend.

Silver experienced an initial plunge during Thursday's trading session, approaching the $22.50 level.

The trading session for crude oil markets on Thursday exhibited a relatively subdued tone as participants await the next major move.