Forex Daily Forecast, Analysis and Prediction

The AUD/USD is hovering near its lowest level since March 16 ahead of two important economic numbers from Australia.

The EUR/USD hit a high of nearly 1.09300 on Thursday of last week as the currency pair mounted an upwards attack, which essentially was ignited on Monday when the 1.06340 vicinities was briefly seen and speculators started to become buyers.

The GBP/USD hit a high of nearly 1.23430 on Thursday of last week after the Bank of England essentially copied the U.S Federal Reserve and increased its Official Bank Rate by 0.25% to 4.25%.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of March 26th, 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/CHF has fallen a bit during the trading session on Thursday, as we continue to see US dollar weakness in general.

The S&P 500 index has been consolidating in a choppy range, with the 4100 level serving as significant resistance.

Gold markets have gapped higher to kick off the trading session on Thursday, but it's worth noting that we gave up quite a bit of the early gains.

On Thursday's trading session, the EUR/USD initially rallied, but has since encountered a selling area from which it plunged previously.

The BTC/USD market continues to consolidate, and after the recent surge toward the $30,000 level, there seems to be a little bit of hesitation.

During Thursday's trading session, the USD/JPY initially fell, but it looks like the ¥130 level is starting to show signs of support.

Silver markets are traditionally very noisy, and the last couple of weeks have been no exception.

On Thursday, the West Texas Intermediate Crude Oil market rallied, breaking above the $70 level.

The GBP/USD rallied early on Thursday, breaking above the 1.23 level.