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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ZCash has fallen initially during the trading session on Thursday to reach the $159.50 level before turning around and forming a bit of a hammer.
The British pound has gone back and forth on Thursday as we continue to test the support level underneath, in the form of the 1.30 handle.
The Bitcoin market fell initially during trading on Thursday to reach the $43,600 level.
The S&P 500 has saved itself late during the trading session on Thursday, as the fabled “Plunge Protection Team” enter the market.
The US dollar has been all over the place during the trading session on Thursday, as we initially fell, but then turned around to show signs of strength.
The US dollar initially fell against the Indian rupee during on Thursday but found support near the ₹75.50 level as we have seen multiple days in a row.
The Litecoin price has erased most of the gains it made in March as investors reflect on the hawkish Federal Reserve.
The BNB coin price is crawling back after it plummeted to the lowest point since April 1 during the overnight session.
The Turkish lira fell during the early trading of Thursday with the same weak pace that it continued to decline throughout the week.
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Within narrow ranges, the price of gold is still moving since the start of trading this week between the support level of $1915 and the resistance level of $1945.
The US Federal Reserve confirmed that it is ready to raise US interest rates strongly during the year, and thus the strength of the US dollar increased against the rest of the other major currencies.
It is noticeable that the GBP/USD currency pair is trying, in light of the strength of the US dollar, to avoid a collapse below the psychological support 1.3000 so as not to increase the current downtrend.
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US natural gas prices were on course to stabilize on Wednesday at their highest levels since January, but gave up all their gains to close almost unchanged.
The Dow Jones Industrial Average declined during its recent trading at the intraday levels, recording losses for the second day in a row, by -0.42%.