Forex Daily Forecast, Analysis and Prediction

Get the USD/JPY Forex signal for May 5, 2016 here.

Get the USD/CAD Forex signal for May 5, 2016 here.

Get the USD/CHF Forex signal for May 5, 2016 here.

Get the GBP/USD Forex signal for May 5, 2016 here.

Get the EUR/USD Forex signal for May 5, 2016 here.

The EUR/USD pair initially tried to rally during the day on Wednesday but found the area above the 1.15 level to be far too resistive. The GBP/USD pair initially rallied during the session on Wednesday, bouncing off of the 1.45 level.

The GBP/SGD pair initially fell during the course of the day on Wednesday, but we turn right back around to form a hammer. This is interesting considering that we had formed a shooting star on the previous session, and in my estimation it looks as if the 1.98 level is very resistive above.

The USD/JPY pair initially fell during the day on Wednesday but turned around to form a bit of a hammer as we bounced. The AUD/USD pair initially broke higher during the day on Wednesday, but found the area above the 0.75 level be far too resistive.

The S&P 500 fell during the course of the session on Wednesday, testing the 2040 handle. The NASDAQ 100 fell significantly during the course of the session on Wednesday as well, but we found support at the 4300 level.

The WTI Crude Oil market went back and forth during the course of the day on Wednesday, using the $44 level house a magnet for price. Natural gas markets rose during the day on Wednesday again, as we continue to bounce around in a consolidative tone.

Gold prices fell for a second day and settled at $1279.33 per ounce, losing $6.76, as the recent recovery in the US dollar lured some investors away from the market.

Get the NZD/USD Forex signal for May 4, 2016 here.

Get the AUD/USD Forex signal for May 4, 2016 here.

Get the USD/JPY Forex signal for May 4, 2016 here.

Get the USD/CAD Forex signal for May 4, 2016 here.