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 USD/CAD pair broke higher during the course of the session on Friday, where the top of the hammer that formed on Thursday. That was a short-term buying opportunity, and now looks like the market is heading to the 1.24 level given enough time.
The GBP/USD pair fell initially during the course of the session on Friday, but found enough support just above the 1.58 level to turn things back around and form a hammer.
Check out the AUD/USD Forex signal for June 22, 2015 here.
Check out the USD/JPY Forex signal for June 22, 2015 here.
Check out the GBP/USD Forex signal for June 22, 2015 here.
Check out the EUR/USD Forex signal for June 22, 2015 here.
Gold prices ended Friday's session down $1.18, to settle at $1200.46 an ounce as traders took profits from a recent rally to a three-week high. Despite Friday's losses, gold prices advanced 1.16% ($19.38) for the week, boosted by worries over Greek debt crisis and the U.S. Federal Reserve's caution on an interest rate rise.
Get the Forex forecast for the week of June 22, 2015 using quant vs. chart reading analysis.
Check out the weekly forecast for some major Forex pairs for the week of June 22, 2015 here.
According to the analyzes of the GBP/USD and EUR/USD, trader profited using a binary options platform. Find out how here for June 18, 2015.
The EUR/USD pair initially tried to break higher during the day on Thursday but ran into far too much trouble to hang onto the gains.
The NZD/USD pair broke down over the course of the last couple of sessions, and we have been below the 0.70 level for the last several days.
The USD/CAD pair initially fell during the session on Thursday, but as you can see found enough support below to turn things back around and bounce back above the 1.22 handle.
The GBP/USD pair has broken out above the 1.58 level, and Thursday sent this pair even higher as buyers continue to go long. That being the case the market looks as if it is ready to continue going much higher but we will probably see quite a bit of volatility only at the 1.60.
Gold prices advanced to their highest levels since May 26 as the greenback continued to slide the day after the Federal Reserve cut economic growth forecasts and hinted that the pace of rate hikes will be slower.
