Forex Daily Forecast, Analysis and Prediction

The US dollar has fallen a bit during the trading session on Friday but did find support at the moving averages to show signs of life again.

The S&P 500 rallied over the last several weeks as you know, but the Tuesday session was a completely different scenario.

Gold markets rallied a bit during the trading session on Tuesday, breaking above the top of the highs from Monday.

The Euro initially tried to rally during the trading session on Tuesday but ran into a buzz saw of resistance near the 1.13 level, and of course there was a lot of negativity when it came to risk appetite in general, and that of course sent traders looking for the US dollar.

The bitcoin market pulled back slightly during the trading session on Tuesday but did find buyers at the bottom of the range, showing signs of resiliency considering that the range was so tight.

Get the USD/JPY Forex signal for April 9, 2019 here.

Get the GBP/USD Forex signal for April 9, 2019 here.

Get the EUR/USD Forex signal for April 9, 2019 here.

The WTI Crude Oil market had a very bullish move during the trading session on Monday, reaching towards the $64.55 level towards the end of the day. At this point, the $65 level is well within grasp, but I think this is an area that you need to be careful with.

The US dollar initially tried to rally against the Mexican peso during the trading session on Monday, as we initially had seen greenback strength.

The US dollar fell a bit during the trading session on Monday, as traders came back to the weekend.

The S&P 500 initially fell during the trading session on Monday, as we started to reach towards the 2900 level.

Gold markets rallied during the trading session on Monday to break through the 50 day EMA and of course the crucial $1300 level.

The Euro rallied significantly during the trading session on Monday, breaking above the short term resistance that has been rather stringent over the last several days.

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