Forex Daily Forecast, Analysis and Prediction

The gold markets have initially fallen during the trading session on Thursday as the $1900 level has been crucial.

Despite the dollar's recovery from its recent losses, gold prices continued to rise with sharp gains, reaching the resistance level of 1913 dollars per ounce.

With the start of the US dollar's recovery, the British pound against the dollar was the most prepared for selling operations

For the third day in a row, the price of the US dollar against the Japanese yen moves in an upward correction range that moved towards the resistance level 109.20

Strong successive gains pushed the EUR / USD currency pair towards the 1.2266 resistance level, the highest for the currency pair in more than four months.

The USD/MXN continues to demonstrate an ability to test support levels, as resistance has proven rather durable the past week.

The USD/ZAR has moved lower in early trading, and the velocity of bearish momentum has produced a technical breakout which is intriguing.

The USD/INR continues to demonstrate a solid bearish trend and, in early trading this morning, the Forex pair has experienced more selling.

The USD/SGD has entered a dangerous support range which has produced choppy conditions the past handful of months.

The West Texas Intermediate Crude Oil market fluctuated during the trading session on Wednesday, as we continue to press the top of a major ascending triangle.

The US dollar rallied significantly during the trading session on Wednesday as we continue to look at the 1.20 level underneath as significant support.

We did bounce just a bit from the lows of the day, so it is likely that we will continue to go much higher.

With this lack of momentum, the old adage “sell in May and go away” comes to mind.

The NASDAQ 100 rallied ever so slightly during the trading session on Wednesday, as we have essentially run out of momentum.

The markets are lacking clear direction right now.