Forex Daily Forecast, Analysis and Prediction

The US dollar went back and forth during the trading session on Monday, showing indecision.

Gold markets initially fell during the trading session on Monday, but then turned around to recover a bit.

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.