Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 fell a bit during the trading session on Friday but turned around to form a bit of a hammer by the time the markets were closing out.

The British pound fell a bit during trading on Friday, breaking down below the bottom of the hammer from the Thursday session.

The Brazilian Real has fallen over the last couple of days to reach down towards a significant trend line.

Silver markets went back and forth during the trading session on Friday as we continue to try to figure out whether or not breaking above the $18 level is going to happen in the short term

Gold markets have formed a bit of a “harami” during the trading session on Friday and using the Thursday candlestick as part of the pattern.

The West Texas Intermediate Crude Oil market pulled back significantly during the Friday session, but did bounced enough to show signs of resiliency.

Strong bullish trend in Rand may reverse at 17.3000

BTC/USD: Price is ranging over the long term

EUR/USD: Key support level breaking down

At a time the global economy is in the early phases of a recession, the US is rumored to announce sanctions against China

South Africa will lower its disease alert level to three on June 1st, allowing an expected eight million employees to return to work.

After the release of preliminary PMI data for May, it appears the Eurozone economy has bottomed out.

Singapore is faced with negative interest rates as the one-month swap offer rate (SOR) fell below zero last Wednesday for the first time in nine years.

Rupee has lost value due to the growing coronavirus impact.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 24, 2020.