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 silver market experienced a significant drop during Monday's trading session, but it quickly bounced back to show signs of life.
The S&P 500 has been in a period of consolidation recently, and it looks like it may continue to be that way for the near future.
Gold markets started the trading week with a significant drop, showing signs of weakness.
The price of the TRY/USD fell during early trading this morning, after early data issued by the country's statistical center, which revealed that inflation in the country fell more than expected with the stability of fuel and food prices.
By the end of last week's trading, the month, and the first quarter, the price of the euro fell against the major currencies.
The GBP/USD exchange rate pared its previous losses to trade strongly near year-highs before last weekend, after the US Federal Reserve's preferred inflation measure fell more than expected in the latest update, limiting a corrective rebound in the dollar.
Last week's trading was generally bullish for the performance of the price of the USD/JPY currency pair, amid investors' abandonment of the Japanese yen.
During last week's trading, the bulls continued to control the performance of the gold (XAU/USD) price, with gains that reached the resistance level of 1988 dollars an ounce.
The USD/MXN is hovering barely above the 18.00000 mark as of this writing.
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The USD/ZAR started today’s trading near the 17.75775 ratios early this morning, but the currency pair has seen a reversal upwards and is near the 17.93400 vicinities as of this writing.
The USD/ZAR has gone back and forth during the trading session on Friday, as it looks like the 17.70 whether those starting off for a little bit of support, as well as previous resistance.
The S&P 500 rallied during Friday's trading session, moving well above the 4100 level.
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The EUR/USD initially tried to rally during Friday's trading session but faced some selling pressure above the 1.09 level.
The GBP/JPY rallied significantly during Friday's trading session, reaching above the 1.65 level before pulling back slightly.