The GBP/JPY encountered a turbulent start to the week as it attempted an initial rally on Monday but quickly relinquished its gains, showcasing the prevailing erratic behavior surrounding the currency.
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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The AUD/USD experienced a tumultuous day on Monday as it attempted to rise but eventually plummeted in value.
The BTC/USD pair surged to a high of 28,617 on Monday, the highest level since August 17th.
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The AUD/USD exchange rate continued falling as traders reacted to the strong US dollar and the first interest rate decision by Michele Bullock.
The GBP/USD strong downward trend gained steam as the US bond sell-off intensified and as the Tory party conference continued.
The EUR/USD exchange rate continued its downward trend as US bond yields jumped to the highest point in more than 16 years.
Last week's trading was the most important for the bears' greater control over the direction of the currency pair EUR/USD.
According to recent trading, the exchange rate of the pound sterling against the dollar (GBPUSD) could be on its way to stopping a series of weekly losses
During last week's trading, the price of the US dollar against the Japanese yen (USD/JPY) was closest to testing the psychological resistance of 150.00.
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At the end of last week's trading, gold futures continued their losses after announcing a rise in the US inflation measure favored by the Federal Reserve for the second month in a row.
The price of the Turkish Lira varied against the US dollar during the opening of this week, as the pair stabilized near its highest levels ever.
The S&P 500 initially tried to rally during the trading session on Friday, as traders probably were anticipating the “end of month market.”
Silver initially shot higher during the trading session on Friday but has since been crushed as it looks like the US dollar is going to kill everything.
In Friday's trading session, natural gas markets embarked on an early rally, only to encounter significant resistance near the $3.00 mark.
In Friday's trading session, the gold market displayed a back-and-forth movement.