Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market fell rather hard during the trading session on Friday, showing signs of exhaustion at the $65 level.

The CAC Index fell a bit during the trading session on Friday, after forming a shooting star from the Thursday session.

The DAX initially tried to rally during the trading session on Friday but gave back the gains it initially enjoyed.

The NASDAQ 100 dropped a bit during the trading session on Friday as we continue to see 14,000 offering a significant amount of resistance.

The S&P 500 pulled back a bit during the trading session on Friday to show the 4200 level as being resistive again, as we have seen this level cause headaches for traders.

There is medium-term consolidation between 1.4000 and 1.3675.

The euro broke down significantly during the trading session on Monday to reach towards the previous downtrend line that we have broken.

The British pound broke down significantly during the Friday trading session to reach down towards the 50-day EMA.

Gold markets fell slightly during the trading session on Friday but remain cognizant of the 50-day EMA sitting just below.

The Australian dollar pulled back a bit during the trading session on Friday to reach down towards the 50-day EMA.

The Bitcoin market bounced rather hard during the trading session on Friday as the 50-day EMA has offered support.

The AUD/USD is little changed today as the market reflects on the overall stronger dollar after the recent strong data from the United States.

The EUR/USD was little changed during the Asian session after it dropped by almost 1% on the Friday session.

ADA/USD continues to traverse the higher realms of its long term range. A record high was made in the middle of April and speculators may expect greater value.

The DAX Index will open May trading near an important price juncture and cause speculators to question their perspectives on direction nervously.