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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During recent Forex trading, the GBP/USD exchange rate recovered last week but was unable to maintain the 1.25 level.
Currency traders are warning that the Japanese government may need to repeatedly act to support the beleaguered yen as economic forces are likely to continue to weigh on its value.
EUR/USD is at risk of further weakness over the next five days, especially if eurozone inflation data comes in below expectations.
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The West Texas Intermediate Crude Oil market has been very noisy during the month of April as we continue to see a lot of tension in the Middle East.
The US dollar has been bullish against the Mexican peso during the bulk of the month of April.
The S&P 500 has been very noisy for the month of April, which should not be a huge surprise considering that we have seen so much in the way of upward momentum.
The NASDAQ 100 has been all over the place during the month of April, which is not a huge surprise considering that there are a lot of uncertainties around the world.
Gold continues to be very noisy as the month of April was very choppy.
Gold prices are trading around $2345 an ounce at the start of this week's trading, as caution gripped markets ahead of the Federal Reserve's policy meeting and the US monthly jobs report this week.
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The British pound has been all over the place against the Japanese yen in trading on Monday, initially taking off to the upside before struggling to hang on to gains and plunging massively.
The USD/SGD is near the 1.36200 ratio as of this writing, which is technically within the middle of its trading ground attained the past week.
The USD/BRL ended yesterday’s trading near the 5.1175 ratio. This price was essentially also the close of Friday’s trading value before going into the weekend.
Silver has gone back and forth during the trading session here on Monday, and we continue to try to sort out where we're going to go next.
The US Dollar continues to pressure the Norwegian krone, but it continues to sit around the 11 NOK level and seems to be looking for some type of momentum.
The US dollar has initially fell during the trading session on Monday but has continued to find support near the 1.3650 level.