Forex Daily Forecast, Analysis and Prediction

The S&P 500 displayed continued upward momentum during Friday's trading session.

The euro's upward momentum encountered resistance on Friday, following a remarkable surge over the past few days.

The British pound experienced a mixed trading session on Friday, as it oscillated within a critical level against the Japanese yen at ¥180.

The US dollar experienced initial weakness during Friday's trading session, briefly breaking down before displaying signs of recovery around the critical ¥138.

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.