The Bank of Japan decided to keep the country's benchmark interest rate unchanged at -0.1% in line with expectations.
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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Despite the strength of the US dollar after investors and markets absorbed the update of monetary policy decisions of the US Federal Reserve last week, in addition to a package of influential US economic releases.
At the end of last week's trading, the GBP/USD exchange rate stopped its sharp losses, which reached the support level of 1.2763, with an attempt to rebound upwards.
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Last week's exciting trading was generally bearish for the performance of the price of the EUR/USD currency pair.
The USD/ZAR is trading near the 17.68000 level as of this writing with fast price action being demonstrated.
The TRY/USD maintained its stability during the early trading this morning.
The bearish momentum of the USD/MXN served another reminder to all traders late last week.
My previous BTC/USD signal last Thursday was not triggered as there was no bullish price action when the key support level at $29,344 was first reached that day.
The GBP/USD exchange rate price rose slightly as investors waited for the upcoming interest rate by the Bank of England (BoE).
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The EUR/USD exchange rate was flat on Monday morning as traders continued to reflect on last week’s decisions by the European Central Bank (ECB) and the Federal Reserve.
The AUD/USD exchange rate remained under intense pressure as investors repositioned for the upcoming interest rate decision by the Reserve Bank of Australia (RBA).
The West Texas Intermediate Crude Oil market showed impressive strength during Friday's trading session, moving closer to a critical level at $80.
The euro witnessed an intriguing trading session on Friday, displaying a mix of bearish and bullish signals that have captured traders' attention.
The British pound demonstrated a modest rebound during Friday's trading session, finding support from the crucial 50-Day Exponential Moving Average
The silver market showed signs of stabilization during Friday's session, initially gapping lower but then bouncing back.