Forex Daily Forecast, Analysis and Prediction

The price remains within a wide descending price channel, although it is lower, so is not close to either trend line.

West Texas Intermediate (WTI) crude oil exhibited a significant rally during the Friday trading session, inching closer to the significant $72 level.

The GBP/USD displayed a strong rally, reaching the 1.2550 level during Friday's trading session, following the release of the US jobs data, which surpassed expectations by nearly threefold.

The EUR/USD experienced significant volatility on Friday, driven by the release of the Non-Farm Payroll figure, which exceeded expectations by nearly double.

The GBP/USD pair suffered a harsh reversal on Friday as it erased some of the gains made last week.

The AUD/USD strong comeback was halted last week by the mixed US non-farm payrolls (NFP) data.

The EUR/USD price retreated slightly after a series of mixed economic data from Europe and the United States.

The EUR/USD remains within the lowest realms of its one-month price range.

The GBP/USD went into this weekend near the 1.24470 ratios; the result higher for the entire week upon inspection is a solid result for the currency pair.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of June 4th, 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 West Texas Intermediate Crude Oil market and its counterpart, Brent, faced another day of uncertainty as they attempted to rally but succumbed to weakness.

The GBP/JPY displayed an initial pullback during Thursday's trading session but swiftly regained momentum, indicating signs of strength.

The AUD/USD experienced a slight rally during Thursday's session as it attempted to recover from recent losses.