Forex Daily Forecast, Analysis and Prediction

Get the USD/CHF Forex signal for June 1, 2017 here.

Get the GBP/USD Forex signal for June 1, 2017 here.

Get the EUR/USD Forex signal for June 1, 2017 here.

Gold prices ended higher on Wednesday, erasing all of the previous day’s losses, as the dollar edged lower.

The EUR/USD pair broke out during the session on Wednesday, clearing the top of the bullish flag that I have marked on the chart.

The WTI Crude Oil market had a very negative session on Wednesday as we broke down below the bottom of the range from the Tuesday session, which was a hammer.

The USD/JPY pair initially tried to rally on Wednesday but turned around and felt to form a bit of a shooting star. The New Zealand dollar rallied initially during the day but has turned around to form a bit of a shooting star.

The S&P 500 went back and forth during the Wednesday session, as we continue to see volatility after a significant break out.

The EUR/USD pair has had a very strong month of May, reaching above the 1.12 handle.

The Australian dollar has sold off against the Swiss franc during the month of May, as we have broken an uptrend line.

The GBP/CAD pair had a rocky month of May, as we fell from the previous gap that was filled.

The British pound went sideways during the month of May, after breaking out above the 1.2750 level.

The AUD/NZD pair had a negative month of May, reaching towards the 1.05 level.

Gold prices ended Tuesday’s session moderately lower as lack of bullish fundamental developments prompted some investors to lock in gains from a recent rally to a four-week high.

The EUR/USD pair had a volatile session during the day on Tuesday, but found enough support to turn around and form a nice-looking hammer.