The US dollar has fallen against the Japanese yen during trading on Tuesday, bouncing from a significant trend line that I have been following for some time.
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The S&P 500 rallied a bit during the trading session initially on Tuesday but gave back all of the gains as we continue to see selling pressure.
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The WTI market finally broke down through the $50 level significantly, and it looks as if we are ready to go much lower.
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Gold prices ended Tuesday’s session up $3.42 an ounce as the dollar fell on expectations that the U.S. central bank will ease up on interest rate hikes next year.
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Get the NZD/USD Forex signal for December 18, 2018 here.
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Get the AUD/USD Forex signal for December 18, 2018 here.
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Get the USD/CAD Forex signal for December 18, 2018 here.
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Get the USD/CHF Forex Signal for December 18, 2018 here.
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Get the GBP/USD Forex signal for December 18, 2018 here.
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The Euro rallied a bit during the trading session on Monday but is still within consolidation.
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Bitcoin rallied significantly during the trading session on Monday, showing signs of strength based upon the candlestick.
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The S&P 500 initially tried to rally during the trading session on Monday but was rejected and pushed below the 2600 level.
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