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We’ve combined Forex technical analysis and fundamental analysis into one comprehensive weekly Forex forecast so that traders can get a thorough understanding of the market without taking too much time away from their trading. Take a look at one of our featured currencies, or read our full weekly Forex forecast to get a picture of the market that you won’t find elsewhere.
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The EUR/USD went into the weekend near the 1.08725 ratio as it created a one month low and finds its value floating near what could be considered crucial mid-term support.
The GBP/USD finished the last week of trading with gains, but they were not achieved easily as financial institutions and traders’ battled mixed U.K. economic data.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of August 20th, 2023 here.
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The EUR/USD finished near a value of 1.09445 going into the weekend.
The start of trading last week in the GBP/USD produced rather calm trading waters, but on Thursday volatile waves caused choppiness as U.S and U.K data hit speculators.
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 August 13th, 2023 here.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Markets became increasingly bearish this week after Fitch’s downgrade of its US rating, posting an “everything selloff” which saw almost every trend rally hit quite hard.
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Day traders have continued to have their tolerance tested in the GBP/USD as another week of volatile results rocked the currency pair downwards.
After testing lower values late in the week that had not been seen since the first week of July, the EUR/USD recovered before going into the weekend.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of August 6th, 2023 here.
The EUR/USD will begin tomorrow’s trading near the 1.10130 ratio.
The GBP/USD will start the coming week near the 1.28470 ratio after a week of rather choppy results being displayed.