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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Get the GBP/USD Forex signal for July 20, 2015 here.
Get the EUR/USD Forex signal for July 20, 2015 here.
Gold settled on Friday at their lowest level in more than five years, as technical pressure and concerns over the prospects of rising U.S. interest rates fueled a loss of more than 2.4% for the week.
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Get the Forex forecast using quant vs. chart reading analysis for the week of July 20, 2015 here.
Get the Forex forecast for the week of July 19, 2015 here.
Gold prices fell $4.32 an ounce yesterday, down for the fourth straight session to $1145.06, as growing perception that the Fed will begin to increase interest rates in September continued to weigh on the market.
Looking at the EUR/USD pair, one of the first things I notice is that we did in fact break down below the 1.09 level.
The USD/JPY pair broke a little higher during the course of the session on Thursday, clearing the 124 handle.
The USD/CAD pair broke higher during the course of the session on Thursday, breaking all the way up to the 1.2950 level.
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The GBP/USD pair initially fell during the course the day on Thursday, breaking below the 1.56 handle.
The NZD/USD pair fell slightly during the session on Thursday, slamming into the 0.65 handle.
Get the NZD/USD Forex signal for July 16, 2015 here.
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Get the USD/CHF Forex signal for July 16, 2015 here.
Get the GBP/USD Forex signal for July 16, 2015 here.