Forex Daily Forecast, Analysis and Prediction

The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing

The gold market pulled back just a bit during the trading session on Monday, but you should keep in mind that the futures market was somewhat limited as it was Memorial Day in the United States, so it closed early, and of course a lot of volume was missing as major institutional investors in the United States weren’t bothered. That being said, this is a market that has been very noisy over the last couple of weeks, but it does look like it is a situation every time we pull back significantly, buyers are willing to come in and pick up value.

On Monday, the euro rallied rather significantly right off the bat but then turned around to show signs of negativity. At the end of the session, it looks like we will end up forming a shooting star, which of course is a very negative sign. Quite frankly, when you look at the chart, you can see that there is a massive amount of resistance between here and the 1.15 level, as markets are struggling to figure out which direction to run.

Natural gas initially gapped higher to kick off the trading session on Monday but then ran into a buzzsaw of resistance. Now, keep in mind Monday was Memorial Day in the United States, so liquidity may have been a bit of an issue, but in overnight extended hours

From Daily Forex, this is Chris taking a look at the silver market. Silver initially did try to rally during the trading session on Monday, but keep in mind it was Memorial Day in the United States. So, there was a serious lack of liquidity as volume was a little weaker than usual. It's not a huge surprise to see that we are still very much in the same range that we have been in for the last month, month and a half.

The British pound has rallied a bit against the US dollar during the trading session on Monday as we continue to see the uptrend play out

Bitcoin has rallied a bit during the trading session on Monday in what was Memorial Day in the United States. So, there might have been a little bit of liquidity missing, but really at the end of the day, I think what we're doing is trying to grind to the upside and take out this candlestick from last week on Friday that was so negative.

Ether (ETH) rallied to a three-month high of $2,700 on May 23 after the successful implementation of the Pectra upgrade on May 7. The second-largest cryptocurre

The Turkish Lira (TRY) against the US Dollar (USD/TRY) has experienced a sharp decline in recent trading, closing at 0.0256 after starting the week at 0.0371. T

During last week's trading, the price of an ounce of gold on the COMEX exchange rose by $181.60, or 5.71%, to $3363.60.

Given the US holiday today, the EUR/USD currency pair may stabilize around its recent upward rebound gains.

My previous GBP/USD signal on 21st May produced a profitable long trade from the bullish bounce rejecting the support level which I had identified at $1.2400.

The EUR/USD exchange rate rose even after Donald Trump threatened additional tariffs on all European goods entering the US. It jumped to a high of 1.1365

The AUD/USD exchange rate is on the cusp of soaring to its highest level since December 2 as the US dollar index crash gained steam. It soared to a high

Bitcoin price pulled back after soaring to a record high of $111,971 last week. The BTC/USD pair retreated to below 107,000 as traders started to take profits