Forex Daily Forecast, Analysis and Prediction

The GBP/USD went into the weekend near the 1.23390 ratio, after suffering a rather incremental decline in value last week.

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 May 21st, 2022 here.

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

The USD/JPY initially experienced a minor retreat during Thursday's trading session, only to rebound and exhibit renewed strength.

The S&P 500 faced resistance near the 4200 level on Thursday, hindering its attempts to rally further.

Gold markets experienced a decline during Thursday's trading session, breaking below the crucial 50-Day Exponential Moving Average (EMA).

The West Texas Intermediate (WTI) Crude Oil market witnessed a slight pullback during Thursday's trading session, reflecting the prevailing noise and volatility in the market.

The GBP/USD experienced a decline during the early hours of Thursday, displaying signs of hesitation as it continues to consolidate.

Silver experienced another decline during Thursday's trading session, reflecting ongoing concerns about global economic growth.

The natural gas market witnessed a substantial rally during Thursday's trading session, propelling prices above the 50-Day EMA.

Over the last couple of days, I have been talking about the 13,750 level as a potential target for the NASDAQ 100, and we have in fact touched that area.

The EUR/USD experienced a slight decline during Thursday's trading session as the US dollar continued to recover.

The AUD/USD experienced a slight decline during Thursday's trading session but found support around the 0.6620 level, which has proven significant in recent days.

Since the start of trading this week and the price of the currency pair the US dollar against the Japanese yen is on the path of rebounding upwards with gains reaching the resistance level of 137.70 which is stable around it at the time of writing the analysis.