Forex Daily Forecast, Analysis and Prediction

ADA/USD continues to traverse the higher realms of its long term range. A record high was made in the middle of April and speculators may expect greater value.

The DAX Index will open May trading near an important price juncture and cause speculators to question their perspectives on direction nervously.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 3, 2021.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 3, 2021 here.

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The Bank of Canada has recently announced that they were going to taper from the bond purchase program, and that of course is a very bullish sign for the currency itself.

The German index broke down significantly during the course of the trading session on Thursday but then found support just above the 15,000 level

The NASDAQ 100 has gone back and forth during the trading session on Thursday as we continue to see a lot of volatility.

The West Texas Intermediate Crude Oil market has rallied a bit during the course of the trading session on Thursday to test the $65 level.

The Euro initially tried to rally during the trading session on Thursday but gave back the gains to form a bit of a shooting star

The S&P 500 had initially pulled back a bit during the course of the trading session but then turned around to break above the 4200 level.