Forex Daily Forecast, Analysis and Prediction

The Euro has been experiencing some ups and downs in the trading session on Friday, leading to a lot of noisy behavior in the market.

The GBP/USD price moved sideways on Monday morning ahead of a relatively busy week in the US and UK.

The West Texas Intermediate Crude Oil has experienced some back and forth on Friday, as the market attempts to figure out where the economy is going.

The EUR/USD price retreated slightly on Monday morning as investors wait for an extremely busy week in the market.

The AUD/USD price is hovering near the lowest level since November last year as elevated global risks push traders to the safety of the US dollar.

Bitcoin has been selling off from multi-month highs in recent weeks, and it also sold off last week as risk sentiment in markets began to sink on a more hawkish US Federal Reserve and news of the failure of Silicon Valley Bank.

The EUR/USD touched a high of nearly 1.07010 on Friday, but finished went into the weekend around the 1.06385 ratio.

The GBP/USD went into the weekend around the 1.20300 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.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of March 12th, 2022 here.

The USD/ZAR has gone back and forth during the trading session on Thursday, as we continue to see a lot of bullish pressure overall against the South African Rand.

The S&P 500 market experienced some initial selling during Thursday's trading session, as futures traders sold off the contract.

The silver market has been rather uneventful lately, hovering just above the $20 level.

The GBP/USD has been struggling in recent weeks, with the currency unable to gain any significant momentum.