Forex Daily Forecast, Analysis and Prediction

The Euro pulled back a bit during the trading session on Friday, but then shot higher after the jobs report.

Bitcoin markets had a very strong session during trading on Friday, after the jobs number came out, and there was a general “risk on” feeling around the world.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 5, 2019.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 5, 2019 here.

Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of May 6, 2019 here.

The Euro initially tried to rally during the trading session on Thursday but gave back the gains as we continue to see a lot of selling pressure right around the 1.12 level.

The US dollar initially pulled back against the Mexican peso on Thursday, but then turned around to break higher and towards the downtrend line above.

The US dollar has rallied a bit during the trading session on Thursday but paired some of the gains towards the end of the day as we are simply hovering at the 50 day EMA.

The WTI Crude Oil market got absolutely hammered during the trading session on Thursday, as we reached down towards the 50 day EMA.

The S&P 500 went back and forth during the trading session on Thursday after initially gapping lower.

Gold markets broke down significantly during the day on Thursday, gapping lower to kick off the session.

Get the NZD/USD Forex signal for May 2, 2019 here.

Get the AUD/USD Forex signal for May 2, 2019 here.

Get the USD/JPY Forex signal for May 2, 2019 here.

Get the BTC/USD Forex signal for May 2, 2019 here.