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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Gold turned higher on Wednesday, bouncing off their lowest level in nearly 4 months, as a retreat in the dollar sparked short-side profit taking.
The AUD/USD pair initially fell during the day on Wednesday, but found support near the 0.7350 handle.
The USD/JPY pair fell significantly during the session on Wednesday, as fears reenter the marketplace due to the most recent headlines out of Athens.
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The GBP/CHF pair fell during the majority of the session on Wednesday, but as you can see found support below the 1.45 handle.
The EUR/USD pair broke higher during the course of the day on Wednesday, as we broke above the top of the hammer from Tuesday.
The USD/NOK pair is one that a lot of you unfortunately don’t trade. However, I implore that you should as it is such a pure were play to the oil markets.
Get the NZD/USD Forex signal for July 08, 2015 here.
Get the AUD/USD Forex signal for July 08, 2015 here.
Get the USD/JPY Forex signal for July 08, 2015 here.
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Get the USD/CHF Forex signal for July 08, 2015 here.
Get the GBP/USD Forex signal for July 08, 2015 here.
Get the EUR/USD Forex signal for July 08, 2015 here.
Gold prices ended Tuesday's session down 1.29% as a robust dollar and technical selling continued to weigh on the market.
The EUR/CAD pair initially tried to fall during the session on Tuesday, but found enough support near the 1.39 level to turn things back around and form a hammer.
Looking at the GBP/USD pair, you can see that we fell rather significantly during the session on Tuesday.