Forex Daily Forecast, Analysis and Prediction

The USD/ZAR has maintained the upper limits of its price range for almost a solid week.

My previous GBP/USD signal on 16th March was triggered as none of the key support or resistance levels were reached that day.

The EUR/USD price drifted higher on Monday morning as the turmoil in the banking sector continued.

Bitcoin continued its remarkable comeback during the weekend as investors continued rushing to its safety amid rising volatility in the market.

The AUD/USD moved sideways on Monday as traders prepared for another busy week in the financial market.

The GBP/USD finished last week’s trading around the 1.21725 ratio.

The EUR/USD closed the last week of trading near the 1.06640 mark, and the start of trading this past Monday began near the 1.06900 level.

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/JPY has been struggling to maintain gains during Thursday's trading session, as the currency dips below the ¥160 level against the Japanese yen.

The gold market experienced a lot of back-and-forth movement during Thursday's trading session.

The West Texas Intermediate Crude Oil market displayed reluctance to move during Thursday's trading session.

The GBP/USD continues to face weakness as it tries to rally during Thursday's trading session but fails to maintain its gains.

The AUD/USD has experienced a slight rally against the US dollar during Thursday's trading session, attempting to recover from the recent selloff.

The USD/JPY has retreated slightly during Thursday's trading session, retesting the ¥132.50 level.