Gold prices slipped for a third straight session and settled at $1178.33 per ounce, losing $7.57, as strength in the dollar and equities markets eroded the appeal of the precious metal as an alternative investment.
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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The EUR/USD pair fell during the Monday session, but I still believe that there is more than enough support below to keep this market afloat.
The WTI Crude Oil market rose slightly during the course of the session on Monday, as the $60 level continues to be a bit of an equilibrium in this market.
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The GBP/CAD pair initially fell during the course of the session on Monday, but turned back around near the 1.9350 level to form a massive hammer.
The GBP/USD pair fell during the course of the session on Monday, testing the 1.58 level for support. The market should continue to see buyers in this general vicinity, and as a result I believe that the market will attract buyers.
The NZD/USD pair fell during the course of the session on Monday, testing the recent lows from just a few sessions ago. If we can continue to fall from here, I believe that we will first head to the 0.68 handle, and then the larger, round significant number which is the 0.65 just below.
Check out the AUD/USD Forex signal for June 23, 2015 here.
Check out the USD/JPY Forex signal for June 23, 2015 here.
Check out the GBP/USD Forex signal for June 23, 2015 here.
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Check out the EUR/USD Forex signal for June 23, 2015 here.
Gold prices dropped $14.10 an ounce yesterday, erasing most of the gains made last week, as investors abandoned safe havens and flocked to equities on signs of progress in negotiations over Greece's bailout program.
According to the analyzes of the USD/CAD and GBP/USD, trader profited using a binary options platform. Find out how here for June 22, 2015.
The EUR/USD pair initially fell during the course of the session on Friday, but found enough support at the 1.13 level to find buyers and went higher during the day.
The USD/MXN pair fell initially during the session on Friday, but turned back around to form a hammer. The hammer is of course a bullish sign, and the fact that we formed a hammer on Thursday as well tells me that there is a good chance that we will go higher.
The GBP/CHF pair initially tried to break out during the session on Friday, but struggled at the 1.4650 level yet again. This is an area that has now been tested 3 times, and as a result it appears that the market is going to continue to consolidate overall.