Forex Daily Forecast, Analysis and Prediction

The EUR/USD price pulled back ahead of a relatively busy market week in the financial market.

The BTC/USD pair remained on edge after making a major bearish breakout on Friday.

The AUD/USD exchange rate bounced back above the key support level at 0.6696 ahead of the upcoming interest rate decision by the Relative Strength Index (RSI).

The EUR/USD produced a rather intriguing range last week as a low of nearly 1.05335 was seen on Monday, and a high near the 1.06920 ratio on Wednesday was demonstrated.

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 went into the weekend near the 1.20430 ratio after a rather choppy and nervous display of trading the entire week.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of march 5th, 2022 here.

During Thursday's trading session, the USD/JPY experienced a slight rally and is approaching the ¥137.50 level, a crucial area that has served as both resistance and support in the past

On Thursday, the gold market experienced some pullback but soon recovered and showed signs of life.

The EUR/USD took a significant fall during Thursday's trading session, almost wiping out the gains made on Wednesday against the greenback.

The DAX has shown itself to be rather resilient during the trading session on Thursday as we initially pulled back just a bit during the training session, but buyers came back in to support the German index.

The GBP/JPY experienced an initial drop against the Japanese yen during Thursday's trading session, as the market continues to display volatile behavior.

The USD/INR initially tried to rally during the trading session on Thursday but gave up some of its gains against the Indian rupee.

The S&P 500 experienced a dip during Thursday's trading session, falling below the previous downtrend line that had been established at the top of the channel for some time.