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.
The CAD/CHF pair is one that I like a lot because it represents a “risk on/risk off” type environment. That's wrong, I think it’s a bit harsh to consider the Canadian dollar a “risky currency”, but at the end of the day it is highly influenced by oil. Quite frankly, I trust Canadian finance is better than my own in the United States, but I digress.
The GBP/CAD pair continues to show strength, as Monday saw the pair test the 1.95 level yet again. We did break above there, and have essentially made what could be a double top, but it’s a bit early to start thinking about selling this pair.
Check out the AUD/USD Forex signal for June 30, 2015 here.
Check out the USD/JPY Forex signal for June 30, 2015 here.
Check out the GBP/USD Forex signal for June 30, 2015 here.
Check out the EUR/USD Forex signal for June 30, 2015 here.
The precious metal opened with a gap to the upside yesterday as the likelihood of Greece defaulting on its debt repayment this week spiked dramatically. The European Central Bank's decision to freeze funding to Greek banks pushed down stocks on major world markets and drove up buying of safe-haven gold.
According to the analyzes of the GBP/CHF and GBP/USD, trader profited using a binary options platform. Find out how here for June 29, 2015.
The EUR/USD pair spent most of the month going higher during June, but as you can see on the chart the last week fell back as the Euro cools off a little bit. The European Union continues to be an area that has a lot of issues, especially when it comes to Greece.
The Australian dollar mashed up against the Singapore dollar isn’t necessarily one of the most common pairs to play, but you’re going to have a hard time finding a market that is trending more in favor of a particular currency than this one.
The AUD/NZD pair isn’t one that a lot of you trade, but truthfully it’s 2 major currencies, and therefore you have to pay attention to it. This is a great measuring stick as to which pair you may want to trade when it comes to the AUD/USD pair, or the NZD/USD pair.
The USD/JPY pair has been very positive over the last several months, and as a result I am still bullish of this market. However, June has seen a little bit of a stumble near the 125 handle. That makes sense though, as it is a large, round, psychologically significant number.
The GBP/AUD pair has been on fire lately, and the month of June of course was no different. With that being the case, I believe that this market should continue to go much higher, as we have broken the psychologically significant 2.0000 level.
Usually, the best forecasts for relatively long periods such as a month are made in the direction of exiting momentum, which puts the trader as the same side as the “fat tail” edge. Usually, the action of the previous 3 months or so is a good guide as to what will happen over the next 1 month period for major currencies such as the USD and the EUR.
Gold has been under pressure for a long time and this month was no different from the previous ones. With the help of the support around the $1166 level, the market tried to pass through the $1207/0 region but the bulls surrendered after the initial rally faded as buying dried up.
