Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially tried to rally during the trading session on Tuesday, but then got absolutely crushed as we sliced through the bottom of the hammer from the previous session.

The Gold markets continue to test the neck line of the previous head and shoulders pattern, suggesting that the market still isn’t convinced of the overall negativity.

The Euro has been very volatile as of late, as we continue to chop around a major level.

Bitcoin markets rallied again during the trading session on Tuesday, reaching towards the crucial $6000 handle.

To be honest, I am a bit surprise that we managed to break below the 1.12 level as it look like it was going to hold.

The British pound has been all over the place for the last couple of months, but quite frankly I don’t know that there’s going to be any of relief coming.

The US dollar has been grinding back and forth against the Canadian dollar, which of course isn’t much of a surprise.

The month of May could be interesting for the Australian dollar, as we have seen a lot of bearish pressure on it.

The US dollar has been rallying against the Swedish krona for ages, and as we kicked off the month of May, we had found ourselves in unchartered territory.

Get the NZD/USD Forex signal for May 7, 2019 here.

Get the AUD/USD Forex signal for May 7, 2019 here.

Get the USD/JPY Forex signal for May 7, 2019 here.

Get the BTC/USD Forex signal for May 7, 2019 here.

Get the USD/CAD Forex signal for May 7, 2019 here.

Get the USD/CHF Forex signal for May 7, 2019 here.