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Gold fell slightly after a four-day streak of gains on Wednesday as a rebound in the greenback and the market's inability to penetrate the $1355/2 area prompted investors to book some profits.
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The EUR/USD pair initially tried to rally during the course of the session on Wednesday, but turn right back around to form a shooting star. The British pound fell significantly during the course of the session on Wednesday, forming a rather negative candle.
The WTI Crude Oil market went back and forth during the course of the session during the day on Wednesday, as we continue to bounce around in this general vicinity. The natural gas markets initially tried to rally during the course of the session on Wednesday, but the $2.75 level above is resistive and it’s likely that the market will continue to fall from here.
The S&P 500 initially fell during the course of the day on Wednesday, but bounced off of the 20-day exponential moving average in order to form a hammer. The NASDAQ 100 went back and forth during the course of the session on Wednesday, forming a fairly neutral candle.
The US dollar initially fell during the course of the day on Wednesday, but turn right back around at the 101 handle. The New Zealand dollar initially tried to rally during the course of the day on Wednesday, but tested the 0.75 level, and found quite a bit of resistance.
Get the NZD/USD Forex Signal for September 7, 2016 here.
Get the AUD/USD Forex Signal for September 7, 2016 here.
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Get the USD/JPY Forex Signal for September 7, 2016 here.
Get the USD/CAD Forex Signal for September 7, 2016 here.
Get the USD/CHF Forex Signal for September 7, 2016 here.
Get the GBP/USD Forex Signal for September 7, 2016 here.
Get the EUR/USD Forex Signal for September 7, 2016 here.
The US dollar initially tried to rally against the Japanese yen during the day on Tuesday, but then turned right back around to crash into the 102 level. The Australian dollar rose quite rapidly during the session on Tuesday, but struggled a little bit once we got towards the 0.7675 handle.