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 initially fell during the course of the session on Monday, but found the 1.30 level to be supportive enough to turn the market back around and form a hammer. With this, it suggests that we are going to go much higher, perhaps finally breaking out given enough time.
The USD/CHF pair initially fell during the course of the session on Monday, but found support just above the 0.95 level yet again. By doing so, we ended up forming a nice-looking hammer, and as a result it looks as if the market is going to continue going higher.
The market started the week on the back foot but remained well within the consolidation that we have seen for the past four sessions. Gold prices fell $6.19 an ounce yesterday as the prospect of a September rate hike by the Federal Reserve continued to depress the demand for the precious metal.
Check out the USD/CHF Forex signal for July 27, 2015 here.
Get the GBP/USD Forex signal for July 27, 2015 here.
Check out the EUR/USD Forex signal for July 27, 2015 here.
The EUR/USD pair initially fell on Friday, but found enough support near the 1.09 level in order to bounce significantly and form a nice-looking hammer.
The GBP/USD pair fell initially during the course of the session on Friday, and as a result dropped below the 1.55 handle. The area below there should be massively supportive though, and as a result we feel that the markets probably will turn back around and start going higher again.
The GBP/CHF pair initially fell during the course of the session on Friday, but found enough support near the 1.4850 level in bounce significantly and form a nice-looking hammer.
The EUR/CHF pair initially fell during the course of the session on Friday, testing the 1.05 level for support. Having said that, the market turned back around and bounced off of the support, forming a relatively strong looking hammer like candle.
The NZD/USD pair went back and forth during the course of the session on Friday, ultimately forming a slightly negative candle for the session.
The USD/SGD pair tried to break out during the session on Friday, but struggled later in the day at the 1.3750 level. By doing so, we pullback and formed a shooting star which of course is a fairly bearish sign.
Gold prices ended Friday's session up $8.72, to settle at $1099.09 an ounce as weaker-than-expected data from the U.S. and declines in global equity markets sparked some short covering.
Get the Forex forecast using quant vs. chart reading analysis for the week of July 27, 2015 here.
Get the Forex weekly forecast for major currency pairs like the EUR/USD, USD/CAD and more for the week of July 27, 2015 here.
