The GBP/CHF pair initially tried to rally during the day on Wednesday, but found enough resistance of the 1.2850 region to turn things around again, and form a very negative looking candle.
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The EUR/USD pair broke higher during the course of the day on Wednesday, as we tested the 1.12 level. The GBP/USD pair initially tried to rally during the course of the day on Wednesday, but turn right back around to form a shooting star.
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The S&P 500 initially tried to rally during the course of the session on Wednesday, but turned around to form a fairly negative candle. The NASDAQ 100 initially tried to rally during the course of the session on Wednesday, but we failed and turn right back around to form a bit of a shooting star.
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The USD/JPY pair fell during the course of the session on Wednesday, but at this point in time I believe that the market will more than likely find quite a bit of support just below, as the area between the 101 level and the 100 level below could offer a bit of a barrier to breaking down significantly.
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The WTI Crude Oil market initially tried to rally during the day on Wednesday, but turned right back around to form a very bearish candle after forming the shooting star on Tuesday. The natural gas markets initially tried to rally during the course of the day on Wednesday, but as you can see fell and ended up forming a fairly negative candle.
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Gold prices advanced on Wednesday as the dollar weakened and a pullback in equity markets lent some support to the precious metal.
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Get the USD/CAD Forex signal for August 10, 2016 here.
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Get the USD/CHF Forex signal for August 10, 2016 here.
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Get the GBP/USD Forex signal for August 10, 2016 here.
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Get the EUR/USD Forex signal for August 10, 2016 here.
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The gold markets initially fell during the day on Tuesday, but we found enough support near the 1325 level to turn things around and bounce to form a bit of a hammer.
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The EUR/USD pair initially tried to fall during the course of the day, but as you can see found support later during the session and rallied a bit. The British pound broke down during the course of the day on Tuesday, slicing through the 1.30 level at one point.
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