The market has had an exciting run with a sharp increase in the price action of forex major companies and a sharp decline in the forextraders, which is the market’s benchmark.
The forex market has experienced a lot of volatility, which has pushed the price of the forexcurrency, the currency, higher.
However, the market is expected to see the next few weeks to the fore and has a long term outlook.
Forex market analysts are forecasting a very bullish run for the Forex markets as the currency will rise higher in the coming months.
Forextraderers are expecting a correction, which will be triggered by a sharp drop in the prices of the main currencies.
The major forex currencies, the US Dollar, Euro and Japanese Yen, have seen the biggest price falls.
ForeX currencies are expected to be lower in the next months.
The Forex futures market is also predicted to see a steep drop in trading volumes as forex futures contracts have been sold off by some major traders.
Forexcurrency futures contracts were trading for $US20.50 at the time of writing.
The market is now expected to drop to $US18.50, a decrease of almost 20%.
The Forextrade Forex exchange platform is expected fall to $18.20 by the end of this week.
The markets are expected on Wednesday to close with the forexfinance markets closing at $US19.80.