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 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 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.
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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.
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.
The British pound has been oscillating against the Japanese yen recently, and it looks like the market is trying to break through a significant resistance level.
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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.
Silver experienced a significant rally during the trading session on Thursday, reaching the $24 level.
The natural gas market experienced a drop during the trading session on Thursday, and this is likely due to the noisy behavior of the market in general.
The gold market has been experiencing a lot of volatility lately, with traders closely monitoring the $2000 level.
The price of the TRY/USD varied during early trading this morning, as the dollar pair settled against the lira near its all-time high, which the pair had previously recorded earlier this month.