Forex Daily Forecast, Analysis and Prediction

The future bullishness of the USD/JPY depends on the pair to hold above 110.00 resistance.

The AUD/USD is trying to keep its stability around and above the psychological support level at 0.7000 to avoid further downward pressure.

The New Zealand dollar has fallen nearly 1.0% since the start of trading this week.

The USD / CAD path is still bullish, and despite the rise in crude oil prices supporting the CAD, investors' flight from risk appetite has stopped the Canadian market from achieving strong gains.

According to the technical indicators of the EUR / USD on the daily chart, the price reached stable saturation areas below the 1.1200 support level.

On Thursday, May 9, 2019, the markets will be interested in announcing the economic calendar data, which usually results in changes in price movements.

The Euro initially tried to rally during trading on Wednesday, breaking above the 1.12 level at one point.

The US dollar initially pulled back against the Mexican peso during the trading session on Wednesday but has found enough support at the 19 pesos level to turn around and rally a bit.

The WTI Crude Oil market rallied a bit during the trading session on Wednesday, as we got a better than anticipated drawl down of US inventories.

The US dollar fell a bit during the trading session on Wednesday but found enough support near the ¥110 level II turn things around and form a bit of a hammer.

The S&P 500 went back and forth during the trading session on Wednesday as we continue to see a lot of volatility in US stock markets.

The Gold markets rallied a bit during the trading session on Wednesday but found resistance at the 50 day EMA as we have seen before,

Get the NZD/USD Forex signal for May 8, 2019 here.

Get the AUD/USD Forex signal for May 8, 2019 here.

Get the USD/JPY Forex signal for May 8, 2019 here.