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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GBP/USD rose strongly in March but could rise further to retest this year's highs near the 1.25 resistance this week as a fresh rise in oil prices keeps spot rates risking higher in the BoE (BoE) and more for the Fed.
At the beginning of this week's trading, the price of the euro currency pair against the dollar, EUR/USD, compensated for last Friday's losses.
The NZD/USD has found additional buying momentum as today has begun, which has highlighted the rather optimistic upwards trend the currency pair has been able to achieve since the 8th of March.
The USD/INR has demonstrated a rather polite price realm in the past week and a half.
On Monday's trading session, the USD/JPY initially rallied but struggled at the 200-day EMA, with a shooting star candlestick on Friday suggesting significant resistance in this area.
Natural gas markets have gapped lower to start the trading week, with prices reaching down to the $2.00 level.
The recent announcement by OPEC+ to cut oil production by 1 million barrels per day has had a significant impact on the West Texas Intermediate Crude Oil and Brent markets.
In Monday's trading session, the GBP/USD initially fell, but it later showed signs of life yet again.
In Monday's trading session, the GBP/JPY initially fell but later showed signs of life again.
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My last signal on 30th March produced a nicely profitable short trade from the bearish pin bar/inside bar combo rejection of the resistance level which I had identified at $0.6726.
The GBP/USD pair bounced back during the American and Asian sessions as American stocks bounced back and bond yields slipped.
The euro did well against the US dollar after the relatively weak manufacturing PMI numbers from the United States.
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Sign up to get the latest market updates and free signals directly to your inbox.The BTC/USD pair was flat on Tuesday morning as traders waited for the next catalyst and the banking industry stabilized.
The Euro's recent performance in the trading market has been a mix of ups and downs.
The Australian dollar's recent performance has been anything but consistent, with Monday's trading session being no exception.