The EUR/USD pair try to rally during the session on Wednesday, but as you can see the 1.38 level offered far too much in the way of resistance.
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The NZD/USD pair fell during the bulk of the session on Wednesday, but as you can see we’re still above the 0.85 handle, an area that I have thought for some time to be rather supportive.
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Gold prices continued to fall yesterday as the bulls failed to overcome the resistance level at 1289. Gold traded as low as $1277.60 an ounce after figures released from the Institute for Supply Management showed that its index of manufacturing activity climbed to 53.7 from 53.2 a month earlier.
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Check out the Forex signal for the USD/JPY pair here.
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Check out the Forex signal for the EUR/USD pair here.
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Check out the Forex signal for the GBP/USD pair here.
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The WTI Crude Oil markets fell during the session on Tuesday, breaking well below the $100 level by the end of the day.
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The EUR/USD pair broke above the highs from the Monday session on Tuesday, but as you can see found hanging onto the gains to be a bit difficult by the end of the day. We didn’t quite form a shooting star, but this candle suggests to me that we are still looking at a market that is going to struggle to go much higher.
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The CAD/JPY pair broke higher during the session on Tuesday, and cleared the top of the shooting star for Monday, which of course is a very bullish sign.
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The USD/CAD pair fell during the session on Tuesday, but as you can see found the 1.10 level to be supportive enough to keep the market somewhat afloat.
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Check out the Forex signal for the EUR/USD pair here.
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The XAU/USD pair continued to sink yesterday and hit its lowest level since February 11.
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The WTI Crude Oil market fell during most of the session on Monday, but as you can see found enough support near the $101 level to turn things back around and print a hammer for the day.
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The EUR/USD pair had a very volatile session on Monday, essentially banging around in a fairly sizable range, but at the end of the day gaining just a slight amount.
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