The GBP/SGD pair rose initially during the course of the day, breaking above the 1.90 level on Thursday.
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The EUR/USD pair fell during the day on Thursday, as we continue to bounce around the 1.14 level. The GBP/USD pair initially rallied during the day on Thursday but found enough resistance of the 1.45 level to turn things around and form a shooting star.
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The GBP/USD pair initially fell during the day on Wednesday but turned right back around to form a hammer.
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The S&P 500 fell during the course of the day on Wednesday, as the 2080 level offered far too much in the way of resistance to go forward. The NASDAQ 100 fell as well, as the 4400 level has offered far too much in the way of resistance.
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The USD/JPY pair fell during the course of the day on Wednesday, breaking the bottom of the shooting star that formed on Tuesday. The AUD/USD pair broke higher and above the top of the shooting star from Tuesday during the Wednesday session, and it looks like we could try to grind our way higher, perhaps reaching as high as the 0.75 level.
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The WTI Crude Oil market rose during the day on Wednesday, using the $44 level as a bit of a springboard. Natural gas markets initially fell during the day on Wednesday, but found enough support near the $2.10 level to turn things around and form a bit of a hammer.
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The USD/CAD pair fell again during the day on Wednesday, continuing the downtrend that we’ve seen for some time.
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Check out the NZD/USD Forex signal for May 11, 2016 here.
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Get the AUD/USD Forex signal for May 11, 2016 here.
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Get the USD/JPY Forex signal for May 11, 2016 here.
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The EUR/USD pair initially tried to rally on Tuesday but found enough resistance above the 1.14 level to turn things around and form a bit of a shooting star. The British pound bounced a bit during the day on Tuesday, trying to reach towards the 1.45 region.
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The WTI Crude oil market rose during the day on Tuesday, bouncing off the $43 level yet again. The natural gas markets had a fairly strong session on Tuesday, gaining over 3%.
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The USD/JPY pair rose during the course of the day on Tuesday, as we continued to see buyers jump into this marketplace. The NZD/USD pair initially fell during the day on Tuesday, breaking down towards the 0.67 handle.
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During the session on Tuesday, the GBP/CHF pair rallied significantly, breaking towards the 1.41 handle.
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The S&P 500 had a fairly decent as we gained over 1% on a break out towards the 2080 handle. The NASDAQ 100 broke higher during the day on Tuesday, clearing the top of the shooting star that formed on Monday.
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