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Forex Technical Analysis
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Forex Technical Analysis
The NZD/CAD pair pulled back during the session on Thursday, but bounced enough to form a shooting star. It appears that we are pressing up against the 0.86 level, and the fact that we formed a hammer suggests that the market should go higher given enough time.
The AUD/NZD pair is one that can be rather choppy, but recently we have seen a significant move lower, and that of course means that the Australian dollar is going to continue to soften against most currencies in the world in relation.
The SGD/CHF pair fell during the session on Thursday, testing the 0.70 level. Because of this, I think that the buyers are going to step back into this market on a short-term chart, and as a result we should continue to go higher.
The EUR/CAD pair has been grinding its way higher for some time now, but the last couple of sessions had been rather brutal when it comes to the Euro.
The USD/CHF pair initially tried to rally during the course of the day on Thursday, but found the 0.97 level to be a bit too resistive. By doing so, the market ended up forming a shooting star, which of course is a fairly bearish sign.
Gold prices ended Thursday's session down $7.87 as investors flocked to the greenback on expectations of tighter monetary policy in the United States.
Check out the USD/CHF Forex signal for July 30, 2015 here.
This is a pretty unique pair and exotic for a lot of you out there, but the truth of the matter is that these are two major Asian currencies.
Check out the GBP/USD Forex signal for July 30, 2015 here.
The NZD/CHF pair initially fell during the course of the session on Wednesday, but as you can see turned back around to form a hammer.
The GBP/CHF pair broke higher during the course of the session on Wednesday, clearing the top of the shooting star that formed on Tuesday.
The EUR/USD pair broke down during the course of the session on Monday, and on top of that broke down below the bottom of the hammer from the Tuesday session.
Check out the EUR/USD Forex signal for July 30, 2015.
The USD/CAD pair initially fell during the course of the day on Wednesday, but found enough support near the 1.2850 level to turn things back around and form a hammer.
The WTI Crude Oil markets rose during the course of the session on Wednesday, as the market got a bit oversold.