Although the U.S. dollar is very strong, the pound is not one of the weakest currencies because it is not falling here against the dollar the way other currencies are.
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 price declined to the lowest level since November 4 as investors continued watching the performance of US bond yields.
The AUD/USD price declined as the market reacted to the ongoing government bond sell-off and the overall strong US dollar.
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BTC/USD proved it has the ability to continue breaking record values in March and the month of April is ready to get kicked off as the value of the cryptocurrency is still strong.
The Euro has seen a serious drop during the month of March, and it looks very likely to continue into the month of April, at least initially.
The British pound has been a bit soft during the month of March, but still remains somewhat elevated.
The S&P 500 has been slightly positive during the course of the month, using the 3800 level as a floor and the 3950 level as resistance.
The NASDAQ 100 has gone back and forth during the course of the month in March and it now looks as if we are trying to build up enough momentum to finally break out to the upside
Gold markets have been absolutely hammered of the last several months, and unfortunately it does not look like April was going to be much better, at least not initially.
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WTI Crude Oil: Trading Range May Languish for Energy Traders
DAX Index: Record Move Higher in March Raises Expectations
USD/ZAR: Reversals Remain Key Element for South African Rand
Dogecoin: Relatively Calm Range Creating Trading Optimism
DOT/USD is trading slightly below vital mid-term resistance levels and technical traders should gauge their outlooks based on timeframes.
XRP/USD is near important mid-term resistance levels as the digital currency has found speculative interest growing again.