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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Although safe-haven bids pushed up gold prices yesterday after Greece's financial future was thrown into even greater uncertainty, increasing demand for the dollar erased gains entirely.
The AUD/SGD pair initially tried to rally during the session on Monday, but turned back around to form a shooting star.
The AUD/USD pair gapped lower at the open on Monday, as the news of the Greek vote hit the wires.
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The GBP/CHF pair broke higher during the course of the session on Monday, and then started to look for supportive the 1.4650 level.
The GBP/USD pair initially fell during the session on Monday, as the market of course reacted to the Greeks voting “no” when it comes to the referendum.
The GBP/USD pair initially gapped lower at the open on Monday as the announcement of the Greek referendum vote sent shockwaves through the newswires.
Get the NZD/USD Forex signal for July 06, 2015 here.
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The EUR/USD pair did very little during the session on Friday, which of course isn’t much of a surprise to me considering that the Greeks are voting on whether or not to pay back the loans on Sunday, and of course the Americans were away for the Independence Day holiday. Because of this, there probably wasn’t much in the way of trading, and to move the markets would have been asking quite a bit.
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The USD/CAD pair tried to rally during the course of the session on Friday, just as it tried on Thursday. However, we got a repeat session as we ended up pulling back to form a shooting star, which of course is a very negative sign.
During the session on Friday, the Australian dollar fell rather significantly and reached towards the 0.75 level. This of course is a massively supportive number based upon not only the previous support and resistance that we have seen over the last several years, but the fact that it is a large, round, psychologically significant number.