Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 2, 2022 here.

The USD/INR ended the month of April holding onto bullish gains made in choppy conditions, and as May begins traders of the Indian Rupee will face challenging tests.

Start the week of May 2, 2022 with our Forex forecast focusing on major currency pairs here.

Ethereum: Test of Lows Likely to Attract Speculative Wagers

Cardano: April Slump Now Testing Mid-Term Troublesome Lows

Ripple: Strong Trend Lower Hitting Vital New Mid-Term Depths

Bitcoin: Return of Bearish Trend and Suspicion of Next Move

The Euro has had a very rough month of April, and the way we are closing out the month suggests that we may have further negativity ahead.

The S&P 500 has had a very rough month of April, as have all stock markets around the world.

The NASDAQ 100 has had a very rough month, as traders are starting to focus on the fact that the Fed is not willing to save Wall Street on every dip now.

The WTI Crude Oil market has been very tight during the month of April, and it now looks as if we are trying to build up enough momentum to make a bigger move.

The British pound has had a very rough month for April, just as almost all currencies have.

The US dollar initially pulled back during the trading session on Thursday but found enough buyers underneath to send it above the 16 Rand level.

Solana has done very little during the trading session on Thursday, as has been the case for the last couple of weeks.

Litecoin has bounced a bit during the session on Thursday, as we continue to see the $100 level offer a bit of support.