Forex Daily Forecast, Analysis and Prediction

You can see Bitcoin has fallen pretty significantly during the trading session on Friday as there has been a bit of a shock to the system with the president of the United States, Donald Trump, suggesting that there will be a 50 % tariff on the European Union starting June 1st if the situation doesn't change between the two countries. Evidently, he's not happy about how the negotiations are going and this happens

The US dollar initially did try to rally a bit during the trading session on Friday, but you can see we have sold off again against the Mexican peso

The Aussie dollar has rallied a bit during the Friday trading session, but we're still in the same range that we have been in for what seems like a lifetime

Risk sentiment deteriorated last week as the US/EU trade war came into focus following unproductive negotiations and threatening comments from President Trump, knocking both the greenback and global (especially US) stock markets.

The EUR/USD finished Friday’s trading near the 1.13575 ratio, which was near its high for the week, but the currency pair is still trading near a value it traversed around the 11th of April.

WTI Crude Oil remains within the lower elements of its price range having gone into this weekend near 61.380, this as the U.S Memorial Day holiday gets ready to be observed tomorrow.

Key market insights for May 26: USD, oil, Bitcoin, and stocks react to tariffs and support levels.

For three consecutive trading sessions, immediate gold prices have moved with strong upward momentum, with gains extending to the $3320 per ounce resistance

The continued weakness of the US dollar in the forex markets allowed EUR/USD bulls to complete the upward trajectory

The Turkish Lira (TRY) against the US Dollar (USD) is currently trading at 0.0258, experiencing a sharp decline from its session opening level of 0.0371.

Cardano (ADA) is currently holding firm above the $0.76 support zone and showing signs of bullish continuation.

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

USD/CHF finds support at 0.82. Watch for a rebound toward 0.84 to signal potential bottoming.

NASDAQ 100 remains strong above 21,000. Consolidation suggests potential for more gains after short-term pullbacks.

DAX breaks key 24,000 level, continuing its bullish trend with eyes on 25,000. Watch for support around 23,500 euros.