After the Bank of Japan decided to leave interest rates unchanged at -0.10%, the Japanese Yen entered a relieve rally.
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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As we have mentioned since the beginning of this week’s trading, the EUR / USD will remain in a tight range awaiting the announcement of the Federal Reserve's monetary policy decisions and the comments of its Governor Jerome Powell.
For four trading sessions in a row, the price of the GBP / USD stabilizes around the1.2500 resistance level, awaiting for stronger catalysts to complete the pace of the upward correction
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Since the beginning of this week's trading, the price of gold has been trying hard to keep moving around and above the $ 1500 psychological resistance to confirm the adherence to the uptrend
Attempts to bounce the USD / JPY pair around the 108.36 resistance level a month and a half ago have been put on hold for awaiting the announcement of Federal Reserve monetary policy decisions and important remarks by Governor Jerome Powell.
USDJPY: Strong resistance from 108.43 to 109.00 holds
The US dollar went back and forth during the trading session on Tuesday, as we are hanging about the ¥108 level.
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The Euro rallied a bit during the trading session on Tuesday, reaching towards the shooting star from a couple of days ago.
The Australian dollar is likely to find a lot of noise during the trading session on Wednesday as traders come to grips with whatever decision the Federal Reserve makes.
The British pound initially fell during the trading session on Tuesday, but then rallied towards the 1.25 handle.
The West Texas Intermediate Crude Oil market has fallen significantly during the trading session on Tuesday as it was reported that the production may come back online within just a few weeks
The Gold markets are very likely to be extraordinarily noisy during the trading session on Wednesday, as the Federal Reserve comes out with an interest rate decision.
Natural gas markets fell a bit during the trading session on Tuesday, trying to fill the gap yet again.