Forex in May: will US dollar break trend? Forecast for EURUSD, GBPCHF, AUDJPY and USDSEK as of 29.04.2021

If in March greenback dominated Forex, in April it is certainly the underdog of the international currency market. The seasonal factor suggests that in May the situation may change dramatically again. Let's discuss the market outlook and make up a trading plan for EURUSD, GBPCHF, AUDJPY, and USDSEK

Monthly G10 currencies fundamental forecast

It seems like magic how statistical analysis with fundamental components regularly generates profits. In April, it has been profitable to sell oil-exporting countries' currencies: USDNOK sales yielded 4.2%, USDCAD – 2.7%. The Swedish krona also yielded 4.5% against the US dollar. The pound's results were mixed, 1.6% yield on GBPUSD purchases was… Read full author’s opinion and review in blog of #LiteForex