Forex Daily Forecast, Analysis and Prediction

The Euro went back and forth during the trading session on Monday to kick off the week, as the 1.1150 level has offered a bit of support, as it is in the middle of the consolidation area that we are currently bouncing around in.

The US dollar continues to be very choppy against some emerging market currencies, and of course the South African Rand will be any different.

The WTI Crude Oil market went back and forth during the trading session on Monday, as we continue to see a lot of resistance near the $63.66 level.

The S&P 500 initially tried to break down on Monday, turned around to rally again, but then rolled over at the 50 day EMA.

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