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 EUR/GBP pair fell during the course of the day on Tuesday, breaking the bottom of the shooting star towards the end of the day that had formed on Monday.
Gold prices ended Tuesday nearly unchanged as investors remained cautious ahead of the Federal Open Market Committee announcement today.
Check out the USD/CHF Forex signal for July 28, 2015 here.
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Check out the GBP/USD Forex signal for July 28, 2015 here.
Check out the EUR/USD Forex signal for July 28, 2015
The EUR/USD pair took off to the upside during the session on Monday, easily hurtling over the 1.10 handle.
The GBP/AUD pair initially fell during the course of the day on Monday, but found enough support below the 2.1250 level to turn things back around and close the very top of the range.
The AUD/NZD pair fell during the session on Monday, testing the 1.10 level. This of course is a large, round, psychologically significant number, and as a result I believe that if we can continue a little bit lower, the market will probably drop to the 1.0850 level.
The USD/CAD pair initially fell during the course of the session on Monday, but found the 1.30 level to be supportive enough to turn the market back around and form a hammer. With this, it suggests that we are going to go much higher, perhaps finally breaking out given enough time.
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The USD/CHF pair initially fell during the course of the session on Monday, but found support just above the 0.95 level yet again. By doing so, we ended up forming a nice-looking hammer, and as a result it looks as if the market is going to continue going higher.
The market started the week on the back foot but remained well within the consolidation that we have seen for the past four sessions. Gold prices fell $6.19 an ounce yesterday as the prospect of a September rate hike by the Federal Reserve continued to depress the demand for the precious metal.
Check out the USD/CHF Forex signal for July 27, 2015 here.
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Check out the EUR/USD Forex signal for July 27, 2015 here.
The EUR/USD pair initially fell on Friday, but found enough support near the 1.09 level in order to bounce significantly and form a nice-looking hammer.