Weekly Forex Forecast February 5th 2023. Can the US Dollar Rally Continue? / #DXY #SPX #GOLD

Uploaded by Mellisa Hicks on February 5, 2023 at 5:11 pm

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Blake Morrow of #ForexAnalytix talks about the week ahead in #FOREX following the huge week last week with the FOMC, ECB, BOE and Non-farm Payrolls.

Blake was bullish on the US Dollar, and we hit the 103.00 level resistance as expected last week. However, does he think the rally can continue? Based on what he sees with the EURUSD, GBPUSD, AUDUSD and USDJPY, he does think this rally can continue.

Blake also looked for the SPX to hit 4200 last week, and we are seeing this level act as key resistance now.

Blake also thinks that gold and silver could see further losses as well. The bond market is in focus still as weakness would give the USD further support higher.

#weeklyforexforecast #forexforecast #forexanalysis

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