The USD/ZAR has seen a strong dose of bearish momentum generated in early trading today, which likely was invigorated by the past two days of results.
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 USD/INR has proven to be rather intriguing during the month of March as it trades in a manner not quite correlated to other currency pairs.
The past two weeks of trading within the USD/SGD has tested the fortitude of speculators, but support levels now face a significant test too.
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Gold futures closed yesterday's trading session higher, supported by the stalling of the US dollar's gains and stabilization of government bond returns.
The GBP/USD pair has been giving a bullish performance for three trading sessions in a row, with gains that reached 1.3935 at the time of writing.
The recent gains of the USD/JPY pushed the pair to a 9-month high of 109.24, but profit-taking sent the pair down to the 108.33 support level, where it has settled as of this writing.
For the second day in a row, the EUR/USD is trying to benefit from market optimism stemming from the passage of the US stimulus bill and global vaccinations.
Price looks set to rise to at least 0.7811.
Convincing rebound from 1.1850 area ahead of ECB release today.
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The BTC/USD price rebounded after the mild increase of US consumer prices and after the House of Representatives passed the final stimulus package.
The GBP/USD rose slightly after the latest US inflation numbers and ahead of the final reading of the UK Q4 GDP data.
The West Texas Intermediate Crude Oil market has dropped towards the $63.25 level, only to turn around and show signs of strength again.
The NASDAQ 100 has been the darling of Wall Street for quite some time, but certainly we see traders out there trying to rotate into value stocks,
The US dollar initially tried to rally during the trading session on Wednesday but gave back the gains in order to form a less than impressive candlestick.
The German index broke above the crucial 14,500 level during the trading session on Thursday, as we continue to see a lot of momentum pile into this market.