The S&P 500 tried to rally during the session on Wednesday but struggled at the 2400 level. The NASDAQ 100 initially tried to rally during the session on Wednesday, but turned around to form a shooting star.
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The WTI Crude Oil market had a positive session after getting a bullish inventory number out of the United States. The natural gas markets gapped higher at the open, as we continue to see quite a bit of volatility in this market.
The USD/JPY pair rallied during the day on Wednesday, reaching towards the 112 handle. The AUD/USD pair initially tried to rally during the day but fell apart and sliced through the 0.75 level.
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Gold rose on Wednesday, edging away from two-week lows reached in the previous session, as lower prices enticed buyers back to the market.
Get the NZD/USD Forex Signal for April 26, 2017 here.
Get the AUD/USD Forex Signal for April 26, 2017 here.
Get the USD/JPY Forex Signal for April 26, 2017 here.
Get the USD/CAD Forex Signal for April 26, 2017 here.
Get the USD/CHF Forex Signal for April 26, 2017 here.
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Get the GBP/USD Forex Signal for April 26, 2017 here.
Get the EUR/USD Forex Signal for April 26, 2017 here.
The WTI Crude Oil market fell initially during the day on Tuesday, but found enough support at the $49 level to turn around and form a hammer. Natural gas markets continue to look very soft, as we reached towards the $3 handle on Tuesday.
The S&P 500 rallied during the day on Tuesday, as we continue to see buying in the market. If the S&P 500 is bullish, the NASDAQ 100 is explosive.
The USD/JPY pair rallied during the Tuesday session, reaching above the 111 level. The New Zealand dollar fell significantly during the session on Tuesday, and we are now testing the bottom of what could be thought of as asymmetrical triangle.
The EUR/USD pair rallied on Tuesday as we broke above the 1.09 handle and reached even higher. The British pound continues to consolidate above the 1.2750 level, and more importantly, the 200-exponential moving average.