During the transactions of Tuesday, May 21, 2019, the markets will focus on the announcements from the economic agenda
Technical Analysis
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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NZDUSD analysis: approaching psychological level at 0.6500
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AUDUSD analysis: AUD gives up post-election bounce
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USDCAD remains trapped in its long-term price range
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USDCHF supported above 1.0070 as risk appetite recovers
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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.
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The US dollar continues to be very choppy against some emerging market currencies, and of course the South African Rand will be any different.
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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.
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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.
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The US dollar went back and forth during the trading session on Monday, showing indecision.
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Gold markets initially fell during the trading session on Monday, but then turned around to recover a bit.
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