Forex Daily Forecast, Analysis and Prediction

Without a doubt, one of the most interesting markets lately has been the WTI Crude Oil market, and the petroleum complex overall.

The NASDAQ 100 has been very strong over the last several weeks, after consolidating just above the 5300 level.

The USD/CAD pair initially fell during the month but found enough support during April trading at the 1.3250 level to break out and above the 1.36 level as we closed out the final week.

Get the NZD/USD Forex signal for May 1, 2017 here.

Get the AUD/USD Forex signal for May 1, 2017 here.

Get the USD/JPY Forex signal for May 1, 2017 here.

The EUR/USD pair rallied on Monday, continuing the consolidation that we have seen all the week. The British pound rallied during the day on Friday, reaching towards the 1.30 level.

The S&P 500 fell slightly during the session on Friday as we ran into a bit of exhaustion. The NASDAQ 100 did very little during the session, as the market ran into a bit of resistance near the 5600 level.

The WTI Crude Oil market initially tried to rally during the session on Friday, but found enough resistance just below the $50 level. Natural gas markets rallied on Friday, clearing the $3.25 handle.

The Australian dollar initially fell on Friday but found enough support at the 50% Fibonacci retracement level, essentially the 0.7450 level, to bounce and form a positive candle.

Get the USD/CAD Forex signal for May 1, 2017 here.

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

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

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

Gold logged a second straight weekly loss on Friday as a series of upbeat earnings reports bolstered appetite for risk.