Risky assets remain bullish despite a minor bid in the US Dollar, with commodity markets seeing the most interesting developments as Gold and Cocoa power to record high prices.
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.
Most Recent
Traders expecting a sudden wave of buying to emerge in the GBP/USD and for the 1.27000 level to become a safe haven for the currency pair had their hopes crushed again the past week.
Crude Oil gathered force and reversed higher on Wednesday after hitting lows around the 80.330 ratio on earlier in the day.
Top Regulated Brokers
The Crude Oil market has been slightly positive during the month of March, and it is very likely that we will continue to see upward pressure during the month of April.
The US dollar has continued to drop against the Mexican peso during the month of March.
Stock markets are essentially stuck in a feedback loop around the world, and the S&P 500 of course will be no different.
April NASDAQ Forecast: Watch 17,775 Level, Likely Upward Grind.
April Gold Forecast: Volatile, Eyeing $2500 Amid Global Uncertainty.
Weekly Pairs in Focus: Fluctuations in AUD/USD, DAX, GBP pairs; Gold strong.
Bonuses & Promotions
Litecoin has seen a bit of a rally over the last couple of months, just as we have seen in other crypto markets.
Ethereum rallied slightly during the trading session on Thursday.
Gold markets have rallied significantly during the course of the trading session.
The Euro fell a bit during the trading session on Friday as we have broken down through a 50 day EMA, all things being equal.
The Euro dollar, as you can see, drifted a little bit lower during the trading session on Thursday as we dropped below the 1.08 level.
The Bitcoin market has rallied slightly during the early hours of the day Thursday but at this point in time it still looks to me like it's a market that is trying to sort out whether or not it can continue to go higher.