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 EUR/USD pair bounced back and forth during the session on Friday, showing that there was real indecision in the marketplace. However, I recognize that the 1.11 level continues offer support, and there was of course a supportive uptrend line that I have drawn on this chart and has held true so far.
Check out the AUD/USD Forex signal for June 29, 2015 here.
Check out the USD/JPY Forex signal for June 29, 2015 here.
Check out the GBP/USD Forex signal for June 29, 2015 here.
Check out the EUR/USD Forex signal for June 29, 2015 here.
Trading the Singapore dollar against the Swiss franc is probably something that most of you don’t do, but I find this to be very interesting pair for several reasons. For starters, you have to keep in mind that the Singapore dollar is essentially the Swiss franc of Asia.
The GBP/USD pair initially fell during the course of the day on Friday but bounced off of the 1.57 level. This level is becoming more and more important, as it represents a bit of a “floor” in this market at the moment.
The NZD/USD pair fell hard during the session on Friday testing the lows yet again. I still believe that this market has further we go though, as the thinnest of margins keep this market above the 0.68 handle at the moment.
The GBP/CHF pair typically moves rather rapidly, so the fact that once we broke out we just simply sat hearing consolidated was a bit surprising to me. As the market fell on Friday, we simply recovered most of the gains that we had seen in the British pound from Thursday.
Get the Forex forecast for the week of June 29, 2015 using quant vs. chart reading analysis.
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Gold prices continued to grind lower Thursday as the economic data from the Unite States provided further evidence that the economy is set to rebound in the second quarter after a chill at the start of the year.
The EUR/USD pair fell initially during the session on Thursday, but yet again ended up finding support below. The 1.1150 level offers support yet again, and as a result it appears that the markets getting ready to bounce.
The NZD/USD pair initially fell during the session on Thursday, but as you can see we turned back around and formed a hammer. The hammer of course is a supportive looking candle, and as a result I think we will probably go higher.
The USD/CHF pair initially rallied during the course of the session on Thursday, but turned back around by the 0.94 level. Because of this, we ended up forming a bit of a shooting star, which is based upon an obvious resistance area.
