The GBP/CAD pair found quite a bit of bullish pressure to the upside during the day on Wednesday, as we made a fresh, new high.
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The USD/MXN rose during the course of the session on Wednesday, breaking above the 16.11 level. This coincides nicely with a significant breakdown in the oil markets, as we found ourselves trading below $50 for the first time in ages.
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The NZD/USD pair broke down below the bottom of the shooting star from the previous session on Wednesday, triggering a classic sell signal as far as I am concerned.
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The NZD/JPY pair broke down during the course of the session on Wednesday, clearing the bottom of the shooting star from the Tuesday session.
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The GBP/AUD pair bounced during the session on Wednesday, using the 2.10 level as support. With this, it looks like the market is ready to continue going higher given enough time, and I believe that the pair will target the 2.1250 level yet again.
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Check out the USD/CHF Forex signal for July 23, 2015 here.
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Check out the GBP/USD Forex signal for July 23, 2015 here.
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Check out the EUR/USD Forex signal for July 23, 2015 here.
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Gold prices dropped $6.75 an ounce yesterday, give back all of the gains made in the previous session, as a bounce in the dollar drew investors away from the precious metal.
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Check out the USD/CHF Forex signal for July 22, 2015 here.
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Check out the GBP/USD Forex signal for July 22, 2015 here.
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Check out the EUR/USD Forex signal for July 22, 2015 here.
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The NZD/JPY pair initially tried to rally during the course of the session on Tuesday, but as you can see we pulled back and gave quite a bit of the gains back after seeing the 82.50 level too strong as far as resistance is concerned.
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The USD/MXN pair initially fell during the course of the session on Tuesday, but as you can see bounced enough to form a bit of a hammer. Interestingly enough, this hammer sits on top of the up trending channel that we have been involved in for some time, and it now appears that we are breaking out to the upside.
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The AUD/USD pair initially fell during the course of the session on Tuesday, but found enough support to turn things back around to climb much higher. By doing so, we reach towards the 0.7450 level, which of course is a harbinger for the 0.75 level which we find as so much more resistive.
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