Forex Daily Forecast, Analysis and Prediction

Breaking below 109 should increase the bearish pressure.

On Wednesday, May 29, 2019, the markets will be interested in the release of economic calendar data.

Buying gold from every bearish level remains the best strategy.

The US Dollar is still the strongest and strong US economy is still supporting US consumer confidence.

On Tuesday, markets and investors in the FX market will focus on reactions from the announcement of US consumer confidence.

The BCT/USD price jumped to the $9000 high.

NZDUSD analysis: Bullish above 0.6541

For the second day in a row since the beginning of this week, the USD/JPY pair is moving in a narrow range between 109.27 and 109.62, which is stable around the time of writing.

AUDUSD analysis: still bullish above 0.6912

A stronger-than-expected victory for the anti-EU parties and it policies, as well as the continuation of the global trade war and its negative impact on the Euro-Zone economy will further support downward pressure on the EUR/JPY

After British Prime Minister Theresa May announced her resignation, the GBP/USD rallied to the 1.2747 level but did not get enough momentum to complete gains

USDJPY: More bearish below 109.81

After three consecutive sessions, the EUR/USD tried to have a bullish correction but its gains did not exceed the 1.1215 resistance level after last week's losses, which reached the 1.1106 support level, the lowest level since two years.

Bitcoin: Bullish Below New 1-Year High near $9k

After the recent correction of the EUR / USD, which did not exceed 1.1215, the pair resumed its downward trend after a pessimistic view of the European Union (EU) elections results, where the anti-EU parties won more seats than expected, and the pair stabilized around 1.1180 at the time of writing.