Forex Daily Forecast, Analysis and Prediction

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.

The S&P 500 has fallen just a little bit during the trading session on Friday, reaching down towards the 50 day EMA.

The WTI Crude Oil market rallied a bit during the trading session on Friday initially, but struggled at the $63.66 level.

Gold markets got hammered again on Friday, breaking down towards the $1275 level, an area that has caused a bit of support.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 19, 2019.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 19, 2019 here.