After the RBA cut interest rates to 0.75% as was widely expected, the AUD/CHF dropped from its 61.8 Fibonacci Retracement Fan Resistance Level into its short-term support zone from where bearish momentum eroded quickly.
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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From today, Japan will increase sales tax, a move that could affect consumer spending and confidence in the world's third largest economy.
With EUR/JPY abandoning the 120.00psychological resistance, the bearish trend will remain the strongest.
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Risk appetite and the strength of the US dollar contributed to stronger losses for gold prices
Earlier this week, the GBP/USD pair attempted to reverse the five-day losing streak which pushed it towards the 1.2270 three-week low.
In the last trading session for the month of September, the price of the EUR / USD pair fell below the 1.0900 psychological support level
House prices in the UK posted an unexpected monthly contraction in September, but the data was not sufficient to pressure the British Pound to the downside.
Following a breakdown below its resistance zone, the CAD/JPY descended through its Fibonacci Retracement Fan sequence
The US dollar has gone back and forth during the trading session again on the Monday as we continue to see a lot of noise.
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The Euro has been falling rather precipitously against the British pound for several weeks, and of course there was more of the same during the month of September.
The EUR/JPY pair has been volatile during the month of September, going as low as ¥116, and as high as ¥120.
The Euro has fallen again during the month of September, as we now find ourselves solidly below the 1.10 level.
The British pound has been all over the place during the last several months, initially reaching to the ¥135 level before rolling over a bit. In fact, on the weekly chart, you can see that there was a shooting star right at that level after the drone strike in Saudi Arabia.
The British pound of course has been all over the place of the last couple of years, grinding back and forth but with more of a downward tilt.
Natural gas markets gapped lower to kick off the trading week on Monday, but then turned around to fill that gap before falling yet again.