The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
The WTI Crude Oil market fell rather hard during the trading session on Thursday, especially once we started talking about tariffs coming from the United States and applied towards the Canadians, Mexicans, and Europeans.
Bitcoin rallied again during the day on Friday, after initially pulling back on Thursday.
The S&P 500 broke down significantly during trading on Thursday as it was announced that the Americans would be slapping tariffs on the Canadians, the Mexicans, and the Europeans.
The EUR/USD pair has broken down significantly during the month, losing over 500 pips.
The Australian dollar has been very noisy over the last several months, but as you can see we ended up forming a hammer right above the 0.75 level for the month of May.
The British pound has broken down significantly during the month of May, breaking below a major uptrend line.
The US dollar has gone back and forth during the trading sessions that make up the month of May, bouncing around in a relatively tight range.
The US dollar had a slightly positive month against the Canadian dollar but has turned around rapidly on the 30th as the Bank of Canada has suggested that interest rate hikes are coming after all.
Get the NZD/USD Forex signal for May 31, 2018 here.
Get the AUD/USD Forex signal for May 31, 2018 here.
Get the USD/JPY Forex signal for May 31, 2018 here.
Get the BTC/USD Forex signal for May 31, 2018 here.
The EUR/USD pair has rallied significantly during the trading session on Wednesday in perhaps reaction to the slight progress made in forming a government in Italy.
The S&P 500 has rallied significantly during the trading session on Wednesday, in response to the idea that the Italians might not need new elections.
WTI Crude Oil markets initially fell during the trading session on Wednesday, but then exploded to the upside as value hunters came back into the marketplace, based upon the uptrend line that has been so supportive in the past.