Weekly Forex Forecast (March 27-31, 2023)

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Today’s weekly forex forecast covers the DXY, EURUSD, GBPUSD, USDCAD, and EURJPY. The US Dollar Index (DXY) carved out a massive bullish reclaim last week, while the EURUSD approaches channel support from October. We also have a potential 900-pip opportunity on USDCAD this year and a EURJPY reversal pattern worth your attention. Get the details on that and more in today’s forex forecast. The DXY gave us a significant reclaim with Thursday’s close above 102.60. I wrote about this area several times this month, including just before Thursday’s reclaim. As expected, DXY pushed higher on Friday following Thursday’s bullish pin bar.