The British pound attempted to rally, but it continues to face resistance in the 1.24 level.
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 EUR/USD exchange rate pulled back on Monday morning, continuing the sell-off that started on Friday.
The Australian dollar attempted to rally during the trading session on Friday, but ultimately showed signs of exhaustion, forming a bit of a shooting star.
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The recent trading session saw silver initially pull back, only to show signs of strength again.
Bitcoin had a strong performance in March as investors rushed to 'safe havens' following the collapse of Silicon Valley Bank and Signature Bank.
The recent rally in the Crude Oil market might seem encouraging, but there are underlying concerns that suggest a downward trend may be imminent.
The AUD/USD price remained in a consolidation phase on Monday morning as the focus shifted to the upcoming interest rate decision by the Reserve Bank of Australia (RBA).
The US dollar saw a significant rally during Friday's trading session, breaking above the 50-Day EMA.
The GBP/USD will enter this week of trading near the 1.23300 mark, which is an improved value compared to last Monday’s start near the 1.22200 ratio.
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The EUR/USD went into the weekend near the 1.08425 ratios after demonstrating a reversal lower before going into the weekend.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of April 2nd, 2022 here.
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.