Forex Daily Forecast, Analysis and Prediction

The US dollar rallied significantly against the South African Rand as you would expect, as the global markets sold off rather drastically.

The S&P 500 collapsed during trading on Monday, slicing all the way down to the 2800 region at the close.

The WTI Crude Oil market shot higher initially during trading on Monday, but then reversed drastically to form a rather negative candle stick.

The US dollar fell significantly during the trading session on Monday as traders freaked out about the Chinese extending the trade war.

Gold markets took off to the upside on Monday, slicing through the previous neckline that had people looking for a head and shoulders pattern.

Get the NZD/USD Forex signal for May 13, 2019 here.

Get the AUD/USD Forex signal for May 13, 2019 here.

Get the USD/JPY Forex signal for May 13, 2019 here.

Get the BTC/USD Forex signal for May 13, 2019 here.

The Euro rallied significantly during the trading session on Friday, reaching towards the 1.1250 level before pulling back a bit.

Bitcoin markets rallied significantly during the trading session again on Friday, as we have completely cleared the $6000 barrier.

The S&P 500 has been very volatile during trading on Friday as we continue to see a lot of momentum in both directions due to the concerns about the US/China trade talks.

The WTI Crude Oil market went back and forth during trading on Friday, as we continue to hug at the 50 day EMA in general.

The US dollar initially pulled back during the trading session on Friday, breaking down below the ¥109.70 level, but then turned around to recover just as the stock markets did.

Gold markets tried to rally during the day on Friday, reaching towards the 200 day EMA before showing signs of exhaustion again.