The S&P 500 initially fell rather significantly during the day on Tuesday, but found enough support to turn things around and form a massive hammer.
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The WTI Crude Oil market initially fell during the day on Tuesday, but found enough support underneath to turn things around and form a hammer.
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The EUR/USD pair formed a less than stellar candle during the Monday session as we continue to grind lower.
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The USD/JPY pair tried to rally at the open on Monday, but ran into enough trouble to turn things around and completely lose the gains.
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The S&P 500 went back and forth during the day on Monday as we continue to chop sideways. The NASDAQ 100 went back and forth during the day as well, bouncing off the 20-day exponential moving average.
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The WTI Crude Oil market continues to show significant strength, so having said that it looks like the buyers are still very much in control in this market.
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Get the NZD/USD Forex Signal for April 10, 2017 here.
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Get the AUD/USD Forex Signal for April 10, 2017 here.
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Get the USD/JPY Forex Signal for April 10, 2017 here.
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Get the USD/CAD Forex Signal for April 10, 2017 here.
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Get the USD/CHF Forex Signal for April 10, 2017 here.
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Get the GBP/USD Forex Signal for April 10, 2017 here.
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Get the EUR/USD Forex Signal for April 10, 2017 here.
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Gold prices settled at $1255.13 an ounce on Friday, gaining 0.55% on the week, as geopolitical concerns increased desire for safe haven diversification.
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The EUR/USD pair initially tried to rally on Friday, but found the 50-day exponential moving average to offer resistance yet again, and it now looks as if the market is going to try to reach towards the 1.05 level below.
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