Short-term support levels have been brushed aside as the USD/ZAR has demonstrated that its bearish trajectory can still be contemplated.
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 is hovering within the middle ground of its higher short-term range and traders may believe it is time to get speculative.
The price direction looks uncertain away from extremes.
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Despite the decline of the US dollar with the return of traders from the holiday, the price of gold only rose to the $1733 level before settling around $1728 as of this writing.
The GBP/USD pair corrected upwards to the level of 1.3911, where it settled near at the beginning of Tuesday's trading, which now has bulls eyeing the 1.4000 psychological resistance again.
The USD/JPY pair retreated to the support level of 109.96 before settling around the 110.20 level at the beginning of Tuesday's trading.
The EUR/USD pair's bounce gains were capped as Forex investors temporarily abandoned the dollar by testing the 1.1820 resistance level before stabilizing around 1.1810 at the beginning of Tuesday's trading.
The euro seems to be losing relative weakness.
The GBP/USD is hovering near the highest level since March 19 as investors remain optimistic that the UK economy will have a swift recovery.
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The BTC/USD price bounced back on Monday after it dropped to 56,505.
The West Texas Intermediate Crude Oil market has fallen significantly during the trading session on Monday as traders finally came back to work from the Easter holiday.
The NASDAQ 100 has broken higher for the trading session on Monday, breaking above the 13,333 level, an area that has been important more than once.
The FTSE 100 has been essentially dead during the trading session on Monday as Europe continued to celebrate Easter.
The US dollar initially tried to rally against the Canadian dollar during the trading session on Monday but then gave up any signs of strength to crash into the 1.25 level.
The S&P 500 rallied quite significantly during the course of the trading session on Monday, after gapping right off the bat.