Forex Daily Forecast, Analysis and Prediction

The US dollar tried to break above the ¥111 level during the day on Friday but turned around as it was a bit too much.

The WTI Crude Oil market went back and forth during trading on Friday, as we have gotten a bit overextended.

Gold ended the week down $25.87 at $1292.46 an ounce, weighed down by a rally in the U.S. dollar index amid surging U.S. Treasury yields.

Don't begin your trading without checking our Forex forecast that focuses on major currency pairs you should pay extra attention to this week.

The EUR/USD pair has fallen during trading on Thursday, reaching towards the bottom of the hammer from the Wednesday session.

Bitcoin fell against the US dollar during the session on Thursday, reaching down to the bottom of the hammer from the previous session.

The WTI Crude Oil market has been very volatile during trading on Thursday, initially breaking above the $72 level only to turn around and form a shooting star.

The S&P 500 has gone back and forth during the day on Thursday, forming a neutral candle.

The US dollar has rallied significantly during the trading session on Thursday, breaking above the 200-day moving average, clearing the ¥110 level.

Get the NZD/USD Forex signal for May 17, 2018 here.

Get the AUD/USD Forex signal for May 17, 2018 here.

Get the USD/JPY Forex signal for May 17, 2018 here.

Gold prices rose $0.59 an ounce on Wednesday, posting the first gain in four sessions, on short-covering as the U.S. dollar clawed back some of its recent losses.

Get the BTC/USD Forex signal for May 17, 2018 here.

Get the USD/CHF Forex signal for May 17, 2018 here.