Australian stocks initially fell during the day on Thursday, but found enough support to turn around and form a hammer.
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The EUR/USD pair broke higher during the day on Thursday, touching the 50-day exponential moving average. The British pound rallied initially during the day on Thursday but continues to see quite a bit of resistance above the 1.25 handle.
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The USD/JPY pair broke down during the day on Thursday, clearing the bottom of the shooting star from Wednesday.The Australian dollar broke higher during the course of the day on Thursday, but continues to find resistance near the 0.7750 level.
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The WTI Crude Oil market fell initially during the day on Thursday, but found enough bullish pressure to turn around and show signs of strength. The natural gas markets extended losses during the day on Thursday, as we continue to breakdown.
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The S&P 500 fell significantly during the day on Thursday but found support to turn around and show signs of life towards the end of the day. The NASDAQ 100 initially fell during the day on Thursday, as we continue to show signs of bullish pressure on pullbacks.
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Gold prices ended Thursday’s session up $5.84, supported by a lower U.S. dollar index and a slide in U.S. equities.
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Get the NZD/USD Forex signal for February 16, 2017 here.
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Get the AUD/USD Forex signal for February 16, 2017 here.
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Get the USD/JPY Forex signal for February 16, 2017 here.
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Get the USD/CAD Forex signal for February 16, 2017 here.
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Get the USD/CHF Forex signal for February 16, 2017 here.
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Get the GBP/USD Forex signal for February 16, 2017 here.
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Get the EUR/USD Forex signal for February 16, 2017 here.
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Gold markets had an interesting session on Wednesday, as we initially were quite bearish, but then turned around to form a nice looking hammer.
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The EUR/USD pair fell initially during the day on Wednesday, testing the 1.05 level. The British pound fell initially during the day on Wednesday, but found enough support to turn things around and form a nice looking hammer.
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