Forex Daily Forecast, Analysis and Prediction

The EUR/USD dove on Friday; this after the currency pair had already experienced plenty of selling on Thursday.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of May 14th, 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 GBP/USD experienced a minor retreat during Thursday's trading session but managed to find support just above the 1.2550 level, a significant area that has held importance for an extended period.

The S&P 500 exhibited back-and-forth movement during Thursday's trading session, reflecting a general trend of sideways action.

The natural gas market experienced a lackluster trading session on Thursday, marked by minimal price movements.

The market is expected to remain highly volatile, necessitating a focus on short-term charts.

The EUR/USD faced a modest decline in Thursday's trading session, reflecting the prevailing noisy behavior observed in the market.

The USD/JPY showcased a back-and-forth movement during Thursday's trading session as market participants continue to search for a solid footing.

Silver experienced a significant decline during Thursday's trading session, dropping below the $25 level, a notable psychological level.

The WTI Crude Oil (US Oil) market experienced an initial attempt to rally during Thursday's session, but quickly retraced its gains, indicating signs of hesitation and exhaustion.

The GBP/JPY experienced a slight pullback against the Japanese yen during Thursday's trading session, despite the Bank of England's decision to raise interest rates by 25 basis points.

The AUD/USD experienced a decline during Thursday's trading session, encountering significant resistance from the 200-Day Exponential Moving Average (EMA).

EUR/USD rose in the middle of the week's trading after official figures revealed another low mark in the annual measure of price growth but also a more meaningful glimpse of the Fed's victory in its efforts to contain the inflation demon.