The GBP/USD pair went back and forth during the course of the session on Tuesday, as we continue to flutter right above the 1.55 level, an area that we see support at time and time again.
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The AUD/CHF pair is one of my favorite pairs when it comes to trading the macro environment around the world. Quite frankly, the Australian dollar is considered to be one of the “riskier” currencies around the world, while of course the Swiss franc is considered to be a “safety currency.”
The USD/THB pair pulled back during the session on Tuesday, offering a bit of value in the greenback as far as I can see. I recognize that most of you probably don’t pay too much attention to the Thai baht, but quite frankly it is an excellent way to play of emerging Asia.
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Gold closed up 0.3% at $1100,81 an ounce yesterday, after plunging to the lowest level in five years on Monday, as the dollar took a breather from its recent rally.
Gold prices ended yesterday's session down 3.34% after a breach of the key support level at $1130 triggered a sell-off. The XAU/USD pair slumped to $1076.98, the lowest price since mid-February 2010, pretty quickly before climbing back above the $1100 level.
Check out the AUD/USD Forex signal for July 21, 2015 here.
Check out the NZD/USD Forex signal for July 21, 2015 here.
Check out the USD/JPY Forex signal for July 21, 2015 here.
Check out the USD/CHF Forex signal for July 21, 2015 here.
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Get the GBP/USD Forex signal for July 21, 2015 here.
Get the EUR/USD Forex signal for July 21, 2015 here.
The EUR/USD pair initially tried to rally during the course of the session on Monday, but as you can see pullback to form a bit of a shooting star. The shooting star at the bottom of the downtrend of course is a very negative sign.
The WTI Crude Oil markets initially tried to rally during the course of the day on Monday, but turned back around to form a shooting star. That being the case, we are sitting right on top of support in that of course is a very bearish sign.
The GBP/CHF pair pulled back during the session on Monday, but found enough support below the 1.50 level to turn these back around and form a hammer.
The NZD/CHF pair initially rallied during the session on Monday, but as you can see we pulled back slightly. The 0.6350 level above is resistance, but more importantly I see that the market is very choppy on the way down.