top of page
Black Modern Cryptocurrency Presentation (1).jpg

NEWS & ANALYSIS POSTS

Free Forex Trading Signals for Maximum Profit - Expert Insights and Daily Updates - May 24, 2024

  • Currencies declined after Wall Street selloff; Fed may keep rates on hold this year.

  • MSCI’s Asia Pacific Index had its worst day since May 8, first decline in five weeks.

  • US contracts rose after S&P 500 fell the most this month on Thursday.

  • Swaps fully price Fed’s first quarter-point rate cut in December, not November.

  • Emerging Asian currencies fell on a stronger dollar, which had its longest gain streak since April.

  • Global stock rally faltered amid uncertainty on US interest-rate cuts.

  • Investors eye new faster settlement cycle in the US, with potential initial trade fails.

  • Boeing fell 7.6% after announcing continued cash burn.

  • Oil steady at three-month low; gold steady after three days of declines.

  • Fed officials call for patience amid upward price pressure.

  • Nvidia surged over 9% on strong outlook, topping $1,000 mark.


Key events this week:

  • Canada retail sales

  • Germany GDP

  • US durable goods and consumer sentiment

  • Fed’s Christopher Waller speaks


DXY Dollar Index, A financial chart depicting the with technical indicators including candlesticks, Bollinger Bands, Ichimoku Cloud, and volume bars. The chart also features an RSI indicator below, signalling recent market volatility.
The U.S. 🟢 Dollar Index, pivotal for forex traders, comprises six key currencies: EUR, JPY, GBP, CAD, SEK, and CHF.

Forex Trading Signals For:

EUR/USD  GBP/USD  USD/JPY  USD/CHF  NZD/USD  AUD/USD USD/CAD  EUR/GBP  EUR/JPY EUR/CHF USD/SEK XAU/USD (Gold)  WTI (CL-Oil)  BRENT CRUDE (UKOUSD) BTC/USD


infinity trading fund logo
Unlock Your Financial Future with Infinity368Fund

EUR/USD A trading chart displaying the asset with two main indicators. The top panel shows Bollinger Bands overlaid on candlestick price action with a 20-day Simple Moving Average (SMA). Below, two sub-panels present the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), respectively. The RSI is within the neutral range, neither overbought nor oversold. The MACD shows the signal line and the MACD line close together, indicating no strong momentum in either direction. The lower section of the image features a separate price action chart without indicators for comparison.
🟢 EUR/USD

Trading Signal for EUR/USD

  • Trade Direction: Sell

  • Entry Point: 1.0808 (current price)

  • Take Profit:

  • TP1: 1.0780

  • TP2: 1.0750

  • Stop Loss: 1.0835 (above daily pivot and recent high)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is moving towards the lower band, indicating bearish momentum.

  • Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.

  • ATR: Current ATR is 0.00163, indicating moderate volatility.

  • MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.

  • RSI: RSI is at 37.62, showing bearish momentum without being oversold.

Fundamental Analysis Insight:

  • Currencies declined after a selloff on Wall Street following activity data suggesting the Fed may keep rates on hold for most of this year.

  • MSCI’s Asia Pacific Index had its worst day since May 8, with broad declines in shares across Asia.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Markets are concerned over “higher for longer” Fed policy, impacting EM Asian stocks and FX.


Telegram logo
Live Updates

GBP/USD currency pair, A financial chart depicting the with technical indicators including candlesticks, Bollinger Bands, Ichimoku Cloud, and volume bars. The chart also features an RSI indicator below, signalling recent market volatility.
🟢 GBP/USD

Trading Signal for GBP/USD

  • Trade Direction: Sell

  • Entry Point: 1.2689 (current price)

  • Take Profit:

  • TP1: 1.2660

  • TP2: 1.2630

  • Stop Loss: 1.2720 (above daily pivot and recent high)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.

  • Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.

  • ATR: Current ATR is 0.00228, indicating moderate volatility.

  • MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.

  • RSI: RSI is at 45.83, showing bearish momentum without being oversold.

Fundamental Analysis Insight:

  • Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.

  • MSCI’s Asia Pacific Index had its worst day since May 8, with broad declines in Asian shares.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Markets are concerned over “higher for longer” Fed policy, impacting EM Asian stocks and FX.


USD/JPY Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.
🟢 USD/JPY

Trading Signal for USD/JPY

  • Trade Direction: Buy

  • Entry Point: 157.09 (current price)

  • Take Profit:

  • TP1: 157.50

  • TP2: 157.80

  • Stop Loss: 156.70 (below daily pivot and recent low)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.

  • Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.

  • ATR: Current ATR is 0.295, indicating moderate volatility.

  • MACD: The MACD line is above the signal line, supporting the buy signal.

  • RSI: RSI is at 68.02, showing bullish momentum but approaching overbought territory.

Fundamental Analysis Insight:

  • Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Japan’s inflation eased for a second month, with speculation on further BOJ policy tightening.


USD/CHF Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.
🟢 USD/CHF

Trading Signal for USD/CHF

  • Trade Direction: Buy

  • Entry Point: 0.9153 (current price)

  • Take Profit:

  • TP1: 0.9180

  • TP2: 0.9200

  • Stop Loss: 0.9130 (below daily pivot and recent low)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.

  • Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.

  • ATR: Current ATR is 0.00161, indicating moderate volatility.

  • MACD: The MACD line is above the signal line, supporting the buy signal.

  • RSI: RSI is at 65.93, showing bullish momentum but approaching overbought territory.

Fundamental Analysis Insight:

  • Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.


NZD/USD  currency pair, A financial chart depicting the with technical indicators including candlesticks, Bollinger Bands, Ichimoku Cloud, and volume bars. The chart also features an RSI indicator below, signalling recent market volatility.
🟢 NZD/USD

Trading Signal for NZD/USD

  • Trade Direction: Sell

  • Entry Point: 0.6096 (current price)

  • Take Profit:

  • TP1: 0.6070

  • TP2: 0.6040

  • Stop Loss: 0.6115 (above daily pivot and recent high)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.

  • Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.

  • ATR: Current ATR is 0.00182, indicating moderate volatility.

  • MACD: The MACD line is below the signal line and both are near zero, supporting the sell signal.

  • RSI: RSI is at 45.84, showing bearish momentum without being oversold.

Fundamental Analysis Insight:

  • Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.


AUD/USD  currency pair, A financial chart depicting the with technical indicators including candlesticks, Bollinger Bands, Ichimoku Cloud, and volume bars. The chart also features an RSI indicator below, signalling recent market volatility.
🟢 AUD/USD



Trading Signal for AUD/USD

  • Trade Direction: Sell

  • Entry Point: 0.6599 (current price)

  • Take Profit:

  • TP1: 0.6570

  • TP2: 0.6540

  • Stop Loss: 0.6625 (above daily pivot and recent high)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.

  • Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.

  • ATR: Current ATR is 0.00188, indicating moderate volatility.

  • MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.

  • RSI: RSI is at 32.75, showing bearish momentum but approaching oversold territory.

Fundamental Analysis Insight:

  • Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.


USD/CAD   currency pair, A financial chart depicting the with technical indicators including candlesticks, Bollinger Bands, Ichimoku Cloud, and volume bars. The chart also features an RSI indicator below, signalling recent market volatility.
🟢 USDCAD

Trading Signal for USD/CAD

  • Trade Direction: Buy

  • Entry Point: 1.3735 (current price)

  • Take Profit:

  • TP1: 1.3760

  • TP2: 1.3790

  • Stop Loss: 1.3710 (below daily pivot and recent low)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.

  • Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.

  • MACD: The MACD line is above the signal line, supporting the buy signal.

  • RSI: RSI is at 69.88, showing bullish momentum but approaching overbought territory.

Fundamental Analysis Insight:

  • Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.


EUR/GBP,  currency pair, A financial chart depicting the with technical indicators including candlesticks, Bollinger Bands, Ichimoku Cloud, and volume bars. The chart also features an RSI indicator below, signalling recent market volatility.
🟢 EUR/GBP

Trading Signal for EUR/GBP

  • Trade Direction: Sell

  • Entry Point: 0.8519 (current price)

  • Take Profit:

  • TP1: 0.8490

  • TP2: 0.8460

  • Stop Loss: 0.8540 (above daily pivot and recent high)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.

  • Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.

  • ATR: Current ATR is 0.00103, indicating low volatility.

  • MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.

  • RSI: RSI is at 42.22, showing bearish momentum but not oversold.

Fundamental Analysis Insight:

  • Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.


EURJPY"Chart showing a currency pair's performance with candlestick patterns over a year, indicating trends, volatility, and potential trading opportunities in the forex market."
🟢 EUR/JPY

Trading Signal for EUR/JPY

  • Trade Direction: Buy

  • Entry Point: 169.81 (current price)

  • Take Profit:

  • TP1: 170.30

  • TP2: 170.60

  • Stop Loss: 169.40 (below daily pivot and recent low)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.

  • Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.

  • ATR: Current ATR is 0.332, indicating moderate volatility.

  • MACD: The MACD line is above the signal line, supporting the buy signal.

  • RSI: RSI is at 57.23, showing bullish momentum without being overbought.

Fundamental Analysis Insight:

  • Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.


EUR/CHF "Chart showing a currency pair's performance with candlestick patterns over a year, indicating trends, volatility, and potential trading opportunities in the forex market."
🟢 EUR/CHF

Trading Signal for EUR/CHF

  • Trade Direction: Buy

  • Entry Point: 0.9894 (current price)

  • Take Profit:

  • TP1: 0.9920

  • TP2: 0.9940

  • Stop Loss: 0.9870 (below daily pivot and recent low)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.

  • Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.

  • ATR: Current ATR is 0.00142, indicating moderate volatility.

  • MACD: The MACD line is above the signal line, supporting the buy signal.

  • RSI: RSI is at 55.74, showing bullish momentum without being overbought.

Fundamental Analysis Insight:

  • Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.


USD/SEK "Chart showing a currency pair's performance with candlestick patterns over a year, indicating trends, volatility, and potential trading opportunities in the forex market."
🟢 USD/SEK

Trading Signal for USD/SEK

  • Trade Direction: Buy

  • Entry Point: 10.7316 (current price)

  • Take Profit:

  • TP1: 10.7600

  • TP2: 10.7900

  • Stop Loss: 10.7100 (below daily pivot and recent low)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.

  • Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.

  • ATR: Current ATR is 0.03281, indicating moderate volatility.

  • MACD: The MACD line is above the signal line, supporting the buy signal.

  • RSI: RSI is at 53.49, showing bullish momentum without being overbought.

Fundamental Analysis Insight:

  • Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.


XAU/USD "Chart showing a currency pair's performance with candlestick patterns over a year, indicating trends, volatility, and potential trading opportunities in the forex market."
🟢 XAU/USD

Trading Signal for XAU/USD (Gold)

  • Trade Direction: Sell

  • Entry Point: 2338 (current price)

  • Take Profit:

  • TP1: 2320

  • TP2: 2300

  • Stop Loss: 2350 (above daily pivot and recent high)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.

  • Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.

  • ATR: Current ATR is 14.55, indicating high volatility.

  • MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.

  • RSI: RSI is at 30.69, showing bearish momentum but approaching oversold territory.

Fundamental Analysis Insight:

  • Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.

  • US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.

  • Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.

  • Gold steady after three days of declines, indicating continued pressure from a stronger US dollar and Fed policies.


CL Oil "Chart showing a currency pair's performance with candlestick patterns over a year, indicating trends, volatility, and potential trading opportunities in the forex market."
🟢 WTI Light Crude Oil

Trading Signal for WTI Crude Oil (USOIL)

  • Trade Direction: Sell

  • Entry Point: 76.82 (current price)

  • Take Profit:

  • TP1: 75.50

  • TP2: 74.00

  • Stop Loss: 77.60 (above daily pivot and recent high)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.

  • Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.

  • ATR: Current ATR is 0.63, indicating moderate volatility.

  • MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.

  • RSI: RSI is at 38.89, showing bearish momentum but approaching oversold territory.

Fundamental Analysis Insight:

  • Oil was steady around its lowest level in over three months as the market flashed signs of weakness ahead of the US summer driving season.

  • US dollar strength and concerns over Fed rate policy contribute to the bearish sentiment for crude oil.


CL Oil "Chart showing a currency pair's performance with candlestick patterns over a year, indicating trends, volatility, and potential trading opportunities in the forex market."
🟢 Brent Crude Oil

Trading Signal for Brent Crude Oil (UKOUSD)

  • Trade Direction: Sell

  • Entry Point: 81.56 (current price)

  • Take Profit:

  • TP1: 80.50

  • TP2: 79.00

  • Stop Loss: 82.20 (above daily pivot and recent high)

  • Confidence Level: Moderate

Indicator Analysis:

  • Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.

  • Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.

  • ATR: Current ATR is 0.637, indicating moderate volatility.

  • MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.

  • RSI: RSI is at 36.77, showing bearish momentum but approaching oversold territory.

Fundamental Analysis Insight:

  • Oil was steady around its lowest level in over three months as the market flashed signs of weakness ahead of the US summer driving season.

  • US dollar strength and concerns over Fed rate policy contribute to the bearish sentiment for crude oil.


CL Oil "Chart showing a currency pair's performance with candlestick patterns over a year, indicating trends, volatility, and potential trading opportunities in the forex market."
🟢 BTCUSD Bitcoin

BTC/USD Signal

  • Trade Direction: Sell

  • Entry Point: 67,000

  • Take Profit: TP1: 66,000, TP2: 65,000

  • Stop Loss: 68,500

  • Confidence Level: Moderate

  • Indicator Analysis:

  • Bollinger Bands indicate price movement towards the lower band, suggesting bearish momentum.

  • Ichimoku Cloud shows price below the cloud, indicating a bearish trend.

  • ATR is at 1024, indicating high volatility.

  • MACD shows a bearish crossover with negative histogram values.

  • RSI is at 41.46, trending downward, indicating bearish momentum.

  • Fundamental Analysis Insight: Recent regulatory concerns and market sentiment are adding downward pressure on Bitcoin, contributing to the bearish outlook.


 
infinity trading fund logo
Unlock Your Financial Future with Infinity368Fund

Disclaimer: These Forex Trading Signals are based on the current charts and market conditions. Always conduct your own analysis and consider risk management strategies before entering any trade. Markets are dynamic, and conditions can change rapidly.


Forex & Commodities trading signals, comments and analysis created and reflect the views forex368.com at any given time and are subject to change at any time. ©2024 by forex368.com.


bottom of page