Forex Daily Forecast, Analysis and Prediction

The USD/JPY’s retracement gains this week pushed the pair towards the 109.69 resistance before settling around 109.45 as of this writing.

In an attempt to recover ahead of important events, the GBP/USD pair is moving around 1.3915 since the start of trading on Tuesday, before testing the 1.3860 support level as of this writing.

With the beginning of May’s trading, gold futures rose, supported by the weak Treasury market and the weakening of the US dollar.

The USD/ARS continues to exert a strong amount of bullish momentum as the Argentine peso’s perpetual bleeding remains constant.

The DAX Index has had a difficult week of trading as its resistance levels have proven difficult to penetrate and caused slight reversals lower.

DOGE/USD is treading near record highs, and speculative forces may be attracted to Dogecoin because it is showing signs of sustained values.

ETH/USD has achieved another record high and is within the grasp of a roaring speculative jet-fueled bullish run.

The British pound bounced hard from the 50-day EMA during the trading session on Monday as the US dollar found itself on its back foot to kick off the week.

The euro recovered quite nicely during the trading session on Monday as it tested the previous downtrend line.

The FTSE 100 fluctuated in very choppy and indecisive trading on Monday.

The S&P 500 has gone back and forth during the trading session on Monday as the 4200 level continues to keep a lid on the market.

The NASDAQ 100 found the 14,000 level to be a bit too much to overcome, so it ended up pulling back to show signs of weakness.

Bulls and bears are very evenly matched.

There is a pivotal point at 1.2000 / 1.1994.

The gold market rallied significantly during the trading session on Monday to kick off the week, reaching towards the 200-day EMA and even breaking above it at one point.