Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil market initially tried to rally on positive sentiment from the French elections, but the $50 level caused far too much in the way of exhaustion and resistance. Natural gas markets went back and forth during the session as well, and initially tried to rally.

Gold prices dipped to a two-week low on Monday after results from the French presidential elections abated investor appetite for the precious metal.

Get the NZD/USD Forex Signal for April 24, 2017 here.

Get the AUD/USD Forex Signal for April 24, 2017 here.

Get the USD/JPY Forex Signal for April 24, 2017 here.

Get the USD/CAD Forex Signal for April 24, 2017 here.

Get the USD/CHF Forex Signal for April 24, 2017 here.

Get the GBP/USD Forex Signal for April 24, 2017 here.

Get the EUR/USD Forex Signal for April 24, 2017 here.

Gold ended the week down by 0.58% at $1284.29, suffering the first weekly loss in six, as investors cashed in recent gains driven by a range of geopolitical tensions.

The EUR/USD pair initially fell during the day on Friday, but turned around to form a hammer which is a bullish sign. The GBP/USD pair initially fell during the day on Friday, but found support at the previously resistive 1.2750 level.

The USD/JPY pair fell initially on Friday but turned around to form a hammer. The Australian dollar fell initially during the day but continued to go higher.

The S&P 500 initially fell on Friday but turned around to find enough support and form a hammer. The NASDAQ 100 had a choppy session on Friday as well, as we continue to see buyers jumping to this market.

The WTI Crude Oil market broke down during the session on Friday, as we continue to see quite a bit of bearish pressure.

Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for April 23, 2017