Forex Daily Forecast, Analysis and Prediction

Gold markets displayed an initial rally during Friday's trading session; however, hesitation emerged as the 50-day Exponential Moving Average (EMA) continued to exert its influence.

The West Texas Intermediate (WTI) Crude Oil market experienced an initial rally during Friday's trading session but quickly relinquished its gains.

Silver has continued its back-and-forth trading pattern, displaying similar choppy behavior witnessed in the preceding days.

Natural gas markets rallied slightly during Friday's session, indicating a potential push toward the $3 level.

The NASDAQ 100 initially tried to rally during the trading session on Friday but gave back gains as we may have gotten slightly extended.

The EUR/USD experienced a rebound during Friday's trading session, indicating a potential period of value hunting.

The AUD/USD bounced a bit during the trading session on Friday, as the 0.66 level has continued on for support.

The GBP/USD pair rose slightly as the market watched the deliberations on the debt ceiling and the upcoming Federal Reserve minutes.

The BTC/USD exchange rate moved sideways as the focus remained on the debt ceiling issue in the United States.

The AUD/USD pair was flat on Monday as last Friday’s rebound stalled.

Speculative bullish traders of the EUR/USD may have had their Forex accounts battered last week.

The GBP/USD went into the weekend near the 1.23390 ratio, after suffering a rather incremental decline in value last week.

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.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of May 21st, 2022 here.

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