Forex Daily Forecast, Analysis and Prediction

The S&P 500 was closed on Friday, but looking at the action over the past week, there are a few things that we can gather from the charts.

Silver prices have been in the spotlight lately as they continue to fluctuate in the market.

The AUD/USD pair drifted downwards and is trading at the lowest level since March.

Bitcoin pulled back as the US dollar index continued falling.

The GBP/USD pair drifted downwards after the US jobs numbers.

The EUR/USD pair rose to a high of 1.0973 on Wednesday and then pulled back to a low of 1.0877 on Friday

The EUR/USD will begin trading near the 1.08985 level tomorrow, after attaining a high around the 1.09745 mark on Tuesday.

The GBP/USD went into this holiday weekend near the 1.24110 level, after coming off a high around the 1.25275 mark which was demonstrated on the 4th of April.

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 April 9th, 2022 here.

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

The silver market experienced a minor setback during the trading session on Thursday, as it tested the support level of $25.

The West Texas Intermediate (WTI) Crude Oil market has been exhibiting a great deal of volatility, going back and forth during Thursday's trading session.

The GBP/JPY experienced some dips in Thursday's trading session, but buyers soon entered the market, turning the situation around.

The GBP/USD has been relatively stagnant during Thursday's trading session, sitting just below the crucial 1.25 level while remaining above the critical 1.24 level.