Forex Daily Forecast, Analysis and Prediction

Get the USD/JPY Forex signal for May 28, 2015 here.

Get the GBP/USD Forex signal for May 28, 2015 here.

Get the EUR/USD Forex signal for May 28, 2015 here.

Gold prices ended Wednesday nearly unchanged as the bulls and bears struggled for near-term control, with neither gaining an edge. The market steadied after initially hitting $1183.56 an ounce, the lowest since May 12.

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Gold prices ended Tuesday's session down 1.63%, or $19.70, to settle at $1187.04 an ounce as a strong rally in the dollar drew investors away from the market.

The EUR/USD pair fell pretty hard during the session on Tuesday, as traders came back to work in both the United States and the United Kingdom.

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Get the EUR/USD Forex signal for May 27, here.

Get the USD/JPY Forex signal for May 27, here.

Get the AUD/USD Forex signal for May 27, here.

The EUR/USD pair did very little during the session on Monday as one would anticipate, simply because the Americans were away before Memorial Day. That being the case, the market really didn’t do too much in the way of making a decision, which should change today.

The WTI Crude oil markets initially fell during the course of the session on Monday, but as you can see we are still stuck just above the $58 level.

The EUR/CAD pair fell initially during the course of the day on Monday, but turned back around to form a slight hammer. Nonetheless, when I look at this pair I recognize that we could possibly be trying to form a little bit of an inverse head and shoulders.

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