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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 23, 2020 here.

Get the weekly Forex forecast for major currency pairs for the week of March 23, 2020 here.

<p>Bets on major currency futures were trimmed on last week, as major central banks announced emergency measures to contain risks of global recession. US dollar soared last week despite Fed’s two rate cuts in 2 weeks, bringing the Fed funds rate -150 bps lower. Besides announcing to expand QE by +120B euro, ECB accelerated measures [&he

<p>GBP/USD&#8217;s decline accelerated to as low as 1.1409 last week, then formed a temporary low there and recovered. Initial bias remains neutral this week for consolidations first. But recovery should be limited by 1.2129 minor resistance to bring fall resumption. On the downside, break of 1.1409 will resume larger down trend. In the b

<p>USD/CHF’s rebound from 0.9181 extended to as high as 0.9901 last week. The break of 0.9484 resistance should indicate completion of fall from 1.0237. Initial bias remains is now on the upside this week for 1.0023 resistance. Break will target 1.0237 high. On the downside, below 0.9649 minor support will turn intraday bias neutral and

<p>AUD/USD’s decline accelerated to as low as 0.5506 last week and recovered after hitting 0.5507 long term projection level. Initial bias remains neutral this week for consolidations first. In case of another recovery, upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside,

<p>USD/CAD’s rally accelerated to as high as 1.4667 last week, but missed 1.4689 key resistance and pulled back. A short term top is formed and initial bias is neutral this week for consolidations first. Downside should be contained above 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, sustained break [&

<p>GBP/JPY dropped to as low as 123.94 last week, then formed a short term bottom there and recovered. Initial bias is neutral this week for some consolidations first. In case of stronger rise, upside should be limited by 61.8% retracement of 144.95 to 123.94 at 136.92 to bring fall resumption. Break of 123.94 will resume […]

<p>EUR/JPY continued to stay in range above 116.12 last week and outlook is unchanged. Initial bias remains neutral this week first. Consolidation from 115.86 could extend with another rise. On the upside, break of 121.39 will target 122.87 resistance. On the downside, sustained break of 115.86 will indicate larger down trend resumption. In t

<p>EUR/GBP surged to as high as 0.9499 last week, then formed a short term top there and retreated. Initial bias is neutral this week for some more consolidations first. In case of deeper pull back, downside should be contained by 61.8% retracement of 0.8282 to 0.9499 at 0.8747 to bring rally resumption. On the upside, […]