Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil market rose during the day on Wednesday, using the $44 level as a bit of a springboard. Natural gas markets initially fell during the day on Wednesday, but found enough support near the $2.10 level to turn things around and form a bit of a hammer.

The USD/CAD pair fell again during the day on Wednesday, continuing the downtrend that we’ve seen for some time.

Check out the NZD/USD Forex signal for May 11, 2016 here.

Get the AUD/USD Forex signal for May 11, 2016 here.

Get the USD/JPY Forex signal for May 11, 2016 here.

The EUR/USD pair initially tried to rally on Tuesday but found enough resistance above the 1.14 level to turn things around and form a bit of a shooting star. The British pound bounced a bit during the day on Tuesday, trying to reach towards the 1.45 region.

The WTI Crude oil market rose during the day on Tuesday, bouncing off the $43 level yet again. The natural gas markets had a fairly strong session on Tuesday, gaining over 3%.

The USD/JPY pair rose during the course of the day on Tuesday, as we continued to see buyers jump into this marketplace. The NZD/USD pair initially fell during the day on Tuesday, breaking down towards the 0.67 handle.

During the session on Tuesday, the GBP/CHF pair rallied significantly, breaking towards the 1.41 handle.

The S&P 500 had a fairly decent as we gained over 1% on a break out towards the 2080 handle. The NASDAQ 100 broke higher during the day on Tuesday, clearing the top of the shooting star that formed on Monday.

Gold edged slightly higher on Tuesday as a retreat in the U.S. dollar helped lure buyers back into the market after the previous session's 1.65% slide.

Get the USD/CAD Forex signal for May 11, 2016 here.

Get the USD/CHF Forex signal for May 11, 2016 here.

Get the GBP/USD Forex signal for May 11, 2016

Get the EUR/USD Forex signal for May 11, 2016 here.