Get the Forex forecast for the week of July 19, 2015 here.
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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Gold prices fell $4.32 an ounce yesterday, down for the fourth straight session to $1145.06, as growing perception that the Fed will begin to increase interest rates in September continued to weigh on the market.
Looking at the EUR/USD pair, one of the first things I notice is that we did in fact break down below the 1.09 level.
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The USD/JPY pair broke a little higher during the course of the session on Thursday, clearing the 124 handle.
The USD/CAD pair broke higher during the course of the session on Thursday, breaking all the way up to the 1.2950 level.
The GBP/USD pair initially fell during the course the day on Thursday, breaking below the 1.56 handle.
The NZD/USD pair fell slightly during the session on Thursday, slamming into the 0.65 handle.
Get the NZD/USD Forex signal for July 16, 2015 here.
Get the USD/JPY Forex signal for July 16, 2015 here.
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Get the USD/CHF Forex signal for July 16, 2015 here.
Get the GBP/USD Forex signal for July 16, 2015 here.
Get the EUR/USD Forex signal for July 16, 2015 here.
Gold prices fell for a third day and settled at $1149.24 per ounce, losing $6.98, as congressional testimony from Federal Reserve Chair Janet Yellen spurred demand for the greenback.
Gold prices ended slightly lower Tuesday as the majority of market participants opted to remain on the sidelines ahead of Federal Reserve Chair Janet Yellen's congressional testimony.
Get the NZD/USD Forex signal for July 15, 2015 here.