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Forex Technical Analysis
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Forex Technical Analysis
On Monday, May 20, 2019, the markets will focus on the announcement of the economic calendar data, which usually results in changes in price movements.
Last Friday, CPI figures were released in the Eurozone.
Despite the recent trade tensions between the US and China, the USD / JPY pair is stabilizing around the 110.00 resistance level and the 110.31 level at the time of writing the analysis.
For the fifth day in a row, gold prices moved downward towards support level at $ 1275 an ounce, with stronger gains for the US dollar
NZDUSD analysis: still bearish below 0.6546
AUDUSD analysis: surprise Australian election result boosts Aussie
USDJPY: Resistance holds at 110.29
Bitcoin topping out above $8,000
USDCAD unable to overcome resistance at 1.3500
USDCHF supported above 1.0087 as risk appetite recovers
4-month low as Brexit deadlock remains
Very bearish below resistance at 1.1181
The Euro initially tried to rally during the trading session on Friday, but gave back the gains later in the day, reaching down towards the 1.1150 level.
The US dollar has initially tried to rally during the session on Friday, but as you can see has rolled over to form a bit of a shooting star.
The US dollar initially fell during the trading session again on Friday, but just as we have seen over the last several sessions, buyers come back in to turn around and rally again.