Forex Chart Review and Forecast

Let’s review our Forex charts HERE, on, May 3rd, 2018, in our Forex Signal and Forecast report, DXY was consolidating on Friday and didn’t retrace much. Today we are seeing the push towards 93.04 as we forecasted last week. We may see DXY push towards EQ at 93.23 before we see a retracement. We have an area full of order blocks in the 93 range, this is an area where we could possibly see DXY drop for a retracement before it pushes higher.

EURUSD closed an old gap last week as we had forecasted. We then saw a push down to 1.19419 as we had forecasted. EURUSD is now pushing towards 1.18811 where we have a liquidity pool resting. We have a big area of order blocks resting in the 1.18 area, we expect some retracement here.

Forex News Review

In today’s Forex Forecast and Signals, we start by reviewing our Forex economic calendar HERE,  listed below are the reports we believe can create some volatility today.

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Review our charts and follow them accordingly.

Play it careful and enjoy. 

EURUSD Forecast May 7th, 2018


DXY Forecast May 7th, 2018


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