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.
Forex Technical Analysis
Forex Technical Analysis
According to the analyzes of the USD/CAD and GBP/USD, trader profited using a binary options platform. Find out how here for June 22, 2015.
The EUR/USD pair initially fell during the course of the session on Friday, but found enough support at the 1.13 level to find buyers and went higher during the day.
The USD/MXN pair fell initially during the session on Friday, but turned back around to form a hammer. The hammer is of course a bullish sign, and the fact that we formed a hammer on Thursday as well tells me that there is a good chance that we will go higher.
The GBP/CHF pair initially tried to break out during the session on Friday, but struggled at the 1.4650 level yet again. This is an area that has now been tested 3 times, and as a result it appears that the market is going to continue to consolidate overall.
The USD/CAD pair broke higher during the course of the session on Friday, where the top of the hammer that formed on Thursday. That was a short-term buying opportunity, and now looks like the market is heading to the 1.24 level given enough time.
The GBP/USD pair fell initially during the course of the session on Friday, but found enough support just above the 1.58 level to turn things back around and form a hammer.
Check out the AUD/USD Forex signal for June 22, 2015 here.
Check out the USD/JPY Forex signal for June 22, 2015 here.
Check out the GBP/USD Forex signal for June 22, 2015 here.
Check out the EUR/USD Forex signal for June 22, 2015 here.
Gold prices ended Friday's session down $1.18, to settle at $1200.46 an ounce as traders took profits from a recent rally to a three-week high. Despite Friday's losses, gold prices advanced 1.16% ($19.38) for the week, boosted by worries over Greek debt crisis and the U.S. Federal Reserve's caution on an interest rate rise.
Get the Forex forecast for the week of June 22, 2015 using quant vs. chart reading analysis.
Check out the weekly forecast for some major Forex pairs for the week of June 22, 2015 here.
According to the analyzes of the GBP/USD and EUR/USD, trader profited using a binary options platform. Find out how here for June 18, 2015.
The EUR/USD pair initially tried to break higher during the day on Thursday but ran into far too much trouble to hang onto the gains.