Forex Daily Forecast, Analysis and Prediction

An unexpected landslide victory for a party supporting Brexit over any situation in the EU election has increased pressure on the GBP/USD, which has raised expectations that Britain could exit the EU without an agreement.

The strength of the US dollar continues to weaken the chances of gold prices to achieve stronger gains, and the price of gold was at $1287 an ounces during yesterday's trading before settling around $1283 at the time of writing.

The USD/JPY remains unable to move above the 110.00 psychological resistance level and stabilized below it for four trading sessions respectively, with stronger gains for the Japanese yen as one of the most important safe havens for investors as the fierce US-China trade war spurred recently.

USDCAD: Consolidating within a month-long price range

USDCHF Analysis: New support at 1.0035

GBPUSD: More bearish on Hard Brexit fears

EURUSD: Bears threaten pivotal point at 1.1172

SILVER: Bulls face key resistance at $14.62/68

The results of the European elections, the Brexit trajectory after May's resignation and the continuation of US-Chinese trade tensions are all likely to support stronger gains for gold

After three bearish trading sessions for the USD/JPY pair, pushing it towards the 109.26 support level, the pair settled around 109.58 at the beginning of this week

At the beginning of this week, the EUR/USD pair will have modest trading in a limited range due to an economic calendar empty of important data and a holiday for US banks.

NZDUSD analysis: Bulls break long-term trend line

AUDUSD analysis: bulls fail at 0.6937

USDJPY: Still bearish below 109.81

Bitcoin: New 1-Year High near $9k