Forex Daily Forecast, Analysis and Prediction

The AUD/USD has displayed notable strength, recovering from an initial decline on Friday.

The EUR/USD pair moved sideways on Monday ahead of the busiest week of the month.

The BTC/USD price remained under intense pressure during the weekend as regulatory concerns remained among traders and investors.

The Australian dollar rally gained steam as it jumped to the highest level since May 11th this year.

My previous GBP/USD signal on 1st June was not triggered as none of the key support or resistance levels were reached that day.

The EUR/USD finished the week having made rather strong gains.

One month ago on the 10th of May the GBP/USD was trading near the 1.26780 vicinity, this before the Forex markets shook and the currency pair started to incrementally track lower.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of June 11th, 2022 here.

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.

The USD/ZAR has fallen rather significantly over the last couple of weeks against the South African Rand, for we are approaching several technical indicators underneath that could offer a significant amount of support.

The USD/JPY experienced a slight pullback in Thursday's trading session, contributing to the ongoing noise observed in the market.

The S&P 500 index continues to encounter considerable noise and resistance around the 4300 level, which holds significant psychological importance and has previously acted as a barrier to further gains.

The GBP/JPY exhibited back-and-forth movements in Thursday's trading session as it built up pressure below the ¥175 level.

The AUD/USD displayed further strength during Thursday's trading session, reaching the 0.67 level.