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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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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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.
BNBB/USD continues to demonstrate the ability to produce a rather steady price range and is now challenging important resistance.
Pivotal points at 0.7614 and 0.7668.
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The continued strength of the US dollar, supported by the pace of vaccinations and stimulus plans, contributed to bearish pressure of gold prices, which reached the support level of $1704, a 2-week low.
The price of the USD/JPY is now testing the 110.00 psychological resistance, the highest for the currency pair in a year.
The EUR/USD has stabilized around the 1.1760 support level, the lowest in four months, as of this writing.
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The UK's gradual loosening of COVID-19 restrictions contributed to a cautious recovery of the GBP/USD.
ETH/USD has accomplished a steep ride upwards and is again touching important higher values as it proves to be a speculative adventure.
New 4-month low prices continue.