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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USDCHF Analysis: Strong support below0.9842
The Reserve Bank of New Zealand kept its interest rate unchanged at 1.00% in a move which was largely priced into markets.
As global uncertainty roes from political issues to economies worries and trade fears, the Swiss Franc attracted safe haven demand as traders adjusted risk profiles.
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GBPUSD: Consolidating below 1.25 – 1.26 area
Eurozone PMI data suggests that the region's economy is on the verge of deflation, which is likely to see further calls for stronger monetary policy moves from the ECB and consequently the Euro weaker for longer period.
The US dollar has rebounded against major currencies, but the Pound is trying to hold.
Concern over the failure of the current round of trade talks between the United States and China and the future of the Brexit, which remains uncertain.
For the fourth day in a row, USD / JPY continues to correct lower to the 107.30 support level after failing to trade above the 108.47 resistance level last week.
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Bitcoin: More bearish but supportive trend line intact
The Euro has fallen a bit during the trading session on Monday, slicing through the 1.10 EUR level in the process.
The NASDAQ 100 has gone back and forth during the trading session on Monday, showing signs of volatility yet again.