Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 29, 2017.

The EUR/USD pair initially tried to rally during the session on Thursday, but found enough resistance near the 1.1250 level to turn things around and form a bit of a shooting star.

The USD/JPY pair rose slightly during the day on Thursday, as we continue to bounce around just below the 112 level. The Australian dollar initially tried to rally, but then rolled around and showed a very bearish price action.

The S&P 500 broke higher during the session on Thursday, breaking out above the recent highs that we had seen. The NASDAQ 100 broke higher again during the day on Thursday, reaching towards the 5800 level.

The WTI Crude Oil market initially tried to rally but after the OPEC announcement of an extension of the production cuts by 9 months, the market sold off.

Get the NZD/USD Forex signal for May 25, 2017 here.

Check out the AUD/USD Forex signal for May 25, 2017 here.

Get the USD/JPY Forex signal for May 25, 2017 here.

The EUR/USD pair rallied slightly during the day on Wednesday, as we continue to bounce around in the neighborhood of the 1.12 level.

The WTI Crude Oil market continues to grind sideways, as the market looks likely to continue to go sideways until we get the announcement coming out of OPEC as far as production cuts are concerned.

The US dollar initially rallied on Wednesday against the Japanese yen, you can see that there has been a significant amount of noise between the 112 and the 112.50 level.

The S&P 500 rallied during the day on Wednesday, as we are trying to test the top of the recent range. The NASDAQ 100 rose during the session on Wednesday as well, and even made a fresh, new high.

Get the USD/CAD Forex signal for May 25, 2017 here.

Get the USD/CHF Forex signal for May 25, 2017 here.

Get the GBP/USD Forex signal for May 25, 2017 here.