Forex Daily Forecast, Analysis and Prediction

Get the AUD/USD Forex signal for May 24, 2016 here.

Get the USD/JPY Forex signal for May 24, 2016 here.

The EUR/USD pair initially fell during the day on Monday but as you can see turned right back around to form a bit of a hammer. The British pound went back and forth during the day as I would anticipate it will do for the foreseeable future as we continue to wait to see what the citizens of the United Kingdom will do when it comes to voting on whether or not to be in the European Union.

The WTI Crude Oil market initially fell during the course of the session on Monday, but found the $47.50 level to be supportive enough to turn the market around and form a bit of a hammer. The natural gas markets shot higher initially during the day on Monday, but turned right back around somewhere near the $2.12 level, showing quite a bit of resistance as we ended up forming a bit of a shooting star.

The S&P 500 went back and forth during the course of the day on Monday as we continue to basically go nowhere. The NASDAQ 100 went back and forth during the day on Monday, as we continue to see quite a bit of volatility in this market.

The USD/JPY pair fell during the day on Monday, as the 110 level offered so much in the way of resistance. The AUD/USD pair did very little during the day on Monday, as we had seen quite a bit of volatility during the day, but absolutely nothing resembling any type of determination.

The EUR/CHF pair fell during the day on Monday, as we continue to see quite a bit of volatility in this market.

Get the USD/CAD Forex signal for May 24, 2016 here.

Get the USD/CHF Forex signal for May 24, 2016 here.

Get the GBP/USD Forex signal for May 24, 2016 here.

Get the EUR/USD Forex signal for May 24, 2016 here.

Check out the NZD/USD Forex signal for May 23, 2016 here.

Get the AUD/USD Forex signal for May 23, 2016 here.

Get the USD/JPY Forex signal for May 23, 2016 here.

Get the USD/CAD Forex signal for May 23, 2016 here.