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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This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.
The EUR/USD produced an astonishing month of trading in March.
After testing a high at nearly 82.8800 in the middle of March as the global markets sought risk-averse assets, the USD/INR has produced a solid downturn in the past ten trading days.
As the month of March gets ready to end and the start of April readies, the USD/ZAR certainly gave speculators a taste of adventure regarding their pursuit of the currency pair the past four weeks.
The WTI Crude Oil market has been slightly positive during the trading session on Thursday, but still looks as if it has a bit of negativity attached to it.
The S&P 500 has been bullish to start Thursday, approaching the top of the trading range.
The S&P 500 has been very noisy over the last couple of weeks, and there’s almost no chance that April is going to be any different.
The NASDAQ 100 has been trading and arranging for the last couple of months, and the month of April could very well see the same.
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The Euro (EUR) initially dipped against the US dollar (USD) during the Thursday trading session, but then turned around to rally significantly.
The Australian dollar (AUD) has been subject to a lot of noisy trading recently, with the market going back and forth during Thursday's trading session.
Gold markets have had a very bullish run over the last couple of months, and at this point, a lot of this is going to come down to whether or not there is going to be significant fear out there to drive gold higher.
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The USD/JPY saw a slight pullback on Thursday, but there are still buyers willing to pick it back up.
The GBP/USD saw some initial gains during the trading session on Thursday, but these were quickly reversed as the market encountered resistance above the 1.24 level.