Forex Daily Forecast, Analysis and Prediction

The British pound showed limited movement on Friday, as upward momentum persisted.

The Crude Oil markets have recently experienced periods of volatility, primarily triggered by their retracement from the 200-Day Exponential Moving Average.

During Friday's trading session, the Australian dollar attempted to break above the 0.69 level but encountered resistance, leading to a slight pullback.

Bitcoin remained above the support level of $30,000 even after several important events that happened last week.

The GBP/USD price exchange continued rising as the US dollar index (DXY) dropped below the important support of $100.

The EUR/USD exchange rate continued its relentless bull run as bets of an upcoming Fed and ECB divergence continued.

Likely to be a quiet day in this Forex currency pair after the Asian session ends.

EUR/USD: Speculative Forces and Significant Movement Upwards

GBP/USD: Jump Higher Brings Old Fashioned Values into Vogue

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

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 July 17, 2023 here.

The US dollar has shown signs of stabilization against the Japanese yen following a significant selloff.

The silver market appears poised for a breakout, although it's important to note that the candlestick for Thursday's session displayed subdued activity.

The natural gas market witnessed a slight pullback in Wednesday's trading session, as it maintained consolidation within a familiar range.