Forex Daily Forecast, Analysis and Prediction

Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for May 22, 2017

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 22, 2017.

Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of May 22, 2017 here.

Gold prices fell $14.06 on Thursday, ending a five-day streak of gains, as the dollar strengthened and stock markets recovered ground.

The EUR/USD pair fell significantly during the day on Thursday, but it still did very little to dissuade the bullish traders out there as the 1.11 level has offered support.

The WTI Crude Oil market had a volatile session on Thursday, initially falling towards the $48 handle, but turning around to show signs of support again.

The US dollar initially fell during the session on Thursday against the Japanese yen but found enough support just above the 110 level to bounce and form a significant candle.

The S&P 500 had a volatile session on Thursday, initially falling but finding enough support at the 2350 handle to form a supportive move and go much higher.

Get the NZD/USD Forex signal for May 18, 2017 here.

Get the AUD/USD Forex signal for May 18, 2017 here.

Get the USD/JPY Forex signal for May 18, 2017 here.

The EUR/USD pair shot higher during the trading session on Wednesday, as the US dollar fell in general. The British pound also rallied against the US dollar, but finds itself struggling to break above the 1.30 handle.

The oil markets rallied during the session on Wednesday, as we tested the 200-exponential moving average yet again. Natural gas markets had a volatile session as well, touching the $3.15 level underneath.

The US dollar fell significantly during the day on Wednesday, as the pair drove below the 113 handle, and then the 112 level after that.

The S&P 500 broke down significantly during the session on Wednesday, testing the 2350 region. The NASDAQ 100 fell apart during the day, but that’s not overly surprising considering that it has lead the charge higher.