Forex Daily Forecast, Analysis and Prediction

The Canadian dollar pulled back on Friday against the Japanese yen to reach the ¥101 level.

The West Texas Intermediate Crude Oil market fell a bit on Friday as we continue to see a lot of back-and-forth trading.

Gold markets fell rather hard on Friday to reach the 50-day EMA.

The Australian dollar initially tried to rally on Friday to reach above the 50-day EMA.

The Bitcoin market fell a bit on Friday to show signs of negativity.

The euro fell a bit on Friday after initially trying to rally but then broke down to reach below the 1.08 level again.

The US dollar rallied on Friday as we continue to reach fresh highs.

The S&P 500 got hammered on Friday to break down below the $4400 level and even broke down below the 4300 level.

The Ethereum market broke below the $3000 level on Friday and now looks as if it is going to threaten the Monday candlestick.

Solana did very little on Friday as we continue to see the $101 level as an area that continues to offer support.

The AUD/USD slipped to the lowest level since March 16th as the US dollar rally continued amid fears of a more hawkish Federal Reserve.

The BTC/USD pair moved sideways during the weekend as sentiment in the financial market waned.

The GBP/USD sunk to the lowest level since September 2020 as investors predicted that the Bank of England (BOE) will be more cautious in the coming months.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of April 25, 2022 here.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of April 25, 2022.