Forex Daily Forecast, Analysis and Prediction

Start the week of May 30, 2022 with our Forex forecast focusing on major currency pairs here.

The Japanese index initially pulled back during the session on Thursday but then turned around to show signs of life.

The Australian dollar has gone back and forth during the trading session on Thursday, showing signs of hesitation.

The German index as a rally during the training session on Thursday to break above a major downtrend line.

The S&P 500 has rallied significantly during the day on Thursday as buyers continue to look for reasons to get long.

The Euro has rallied a bit during the trading session on Thursday to reach the 50 Day EMA again.

Solana markets have fallen a bit during the trading session on Thursday to reach as low as $42.

The West Texas Intermediate Crew Oil market rallied during the training session on Thursday to slam into the $115 level.

Bitcoin initially fell during the trading session on Thursday, reaching down toward the $28,000 level.

Gold markets have fallen initially during the trading session on Thursday but turned around to show signs of life again.

Litecoin markets have fallen a bit during the trading session on Thursday to reach the $60 level.

We expected that the gains in the EUR/USD price would be temporary, as the price jumped towards the 1.0748 resistance level, following new tightening comments by European Central Bank Governor Lagarde.

Fed officials agreed at their meeting this month that they need to raise US interest rates by half a point in their next two meetings

Despite the attempts of an upward correction in the price of the GBP/USD currency pair, analysts warn that the pound is set for a summer of weakness against the euro, the dollar, and other major currencies.

For the second day in a row, the price of gold is exposed to selling operations with losses to the support level of $1842 an ounce and bouncing back from the resistance level of $1870 an ounce.