The USD/JPY pair initially fell on Monday but turned around to form a positive candle. The Australian dollar rallied again during the session on Monday, as we continue to see strength in the currency.
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The WTI Crude Oil market fell slightly during the day on Monday but turned around to form a bit of a hammer. Natural gas markets gapped higher at the open on Monday, and then fell directly to the $3 level.
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Gold prices dropped $1.7 an ounce yesterday as a stronger dollar and gains in equity markets weighed on the metal and investors awaited outcome of the Federal Reserve’s policy meeting.
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Get the NZD/USD Forex signal for March 13, 2017 here.
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Get the USD/JPY Forex signal for March 13, 2017 here.
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Get the USD/CAD Forex Signal for March 13, 2017 here.
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Get the USD/CHF Forex signal for March 13, 2017 here.
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Get the Forex signal for the GBP/USD pair for March 13, 2017 here.
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Get the EUR/USD Forex signal for March 13, 2017 here.
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The WTI Crude Oil market rallied at the beginning of the Friday session, but found the $50 level to be too resistive.
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The S&P 500 rallied on Friday, as it looks very likely to continue to go higher. The NASDAQ 100 broke higher during the day on Friday, breaking above the top of the hammer from the Thursday session.
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The USD/JPY pair rallied initially during the day on Friday after we had a very strong jobs number. The Australian dollar rallied during the day on Friday, testing the 0.75 level and finding massive support.
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The EUR/USD pair broke higher during the session on Friday, as the 1.07 level has been tested. The GBP/USD pair fell initially during the day on Friday, but found enough support underneath to turn things back around.
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Gold prices settled at $1204.32 an ounce, falling 2.32% over the course of the week, as pressure from a stronger dollar weighed on investor appetite for the precious metal.
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