If you need free forex signals or any assistance regarding forex, contact Tg:Joanne0fx

As we enter a new week in the forex market, it is important to review the previous week and make predictions for the upcoming week. Here is a look at some of the major currency pairs and what to expect in the days ahead.

EUR/USD

The EUR/USD pair saw a significant decline last week, breaking below key support levels. This downtrend is likely to continue this week, with the pair facing further downside pressure. Traders should keep an eye on any economic data releases from the eurozone and the United States, as they could have a significant impact on the pair.

GBP/USD

The GBP/USD pair also experienced a bearish week, as the British pound weakened against the US dollar. This week, traders should monitor any Brexit-related news, as it could have a major impact on the pair. The pound is likely to remain under pressure until there is more clarity on the future relationship between the UK and the EU.

USD/JPY

The USD/JPY pair has been in a bullish trend, with the US dollar gaining strength against the Japanese yen. This trend is expected to continue this week, as the dollar remains resilient. Traders should pay attention to any developments in the US economy, as they could impact the pair.

AUD/USD

The AUD/USD pair has been trading in a range, unable to break out in either direction. This week, traders should watch for any updates on the US-China trade negotiations, as they could impact the Australian dollar. The pair is likely to remain volatile, with the potential for a breakout in either direction.

USD/CAD

The USD/CAD pair saw some volatility last week, as the Canadian dollar weakened against the US dollar. This week, traders should monitor any developments in the oil markets, as they could impact the Canadian dollar. The pair is likely to continue trading within a range, with the potential for some short-term volatility.

Overall, the forex market is expected to remain volatile this week, with traders needing to stay alert to any major developments. It is important to have a clear trading plan in place and to carefully manage risk. By staying informed and making educated predictions, traders can navigate the forex market with confidence.