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.
Most Recent
The Euro has seen a serious drop during the month of March, and it looks very likely to continue into the month of April, at least initially.
The British pound has been a bit soft during the month of March, but still remains somewhat elevated.
The S&P 500 has been slightly positive during the course of the month, using the 3800 level as a floor and the 3950 level as resistance.
The NASDAQ 100 has gone back and forth during the course of the month in March and it now looks as if we are trying to build up enough momentum to finally break out to the upside
Gold markets have been absolutely hammered of the last several months, and unfortunately it does not look like April was going to be much better, at least not initially.
WTI Crude Oil: Trading Range May Languish for Energy Traders
DAX Index: Record Move Higher in March Raises Expectations
USD/ZAR: Reversals Remain Key Element for South African Rand
Dogecoin: Relatively Calm Range Creating Trading Optimism
Bonuses & Promotions
DOT/USD is trading slightly below vital mid-term resistance levels and technical traders should gauge their outlooks based on timeframes.
XRP/USD is near important mid-term resistance levels as the digital currency has found speculative interest growing again.
BNBB/USD continues to demonstrate the ability to produce a rather steady price range and is now challenging important resistance.
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The continued strength of the US dollar, supported by the pace of vaccinations and stimulus plans, contributed to bearish pressure of gold prices, which reached the support level of $1704, a 2-week low.
The price of the USD/JPY is now testing the 110.00 psychological resistance, the highest for the currency pair in a year.