The Euro initially fell against the Australian dollar on Wednesday, but we bounced off of the 1.45 level below.
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The EUR/USD pair fell initially during the day on Wednesday, but then shot higher after the FOMC statement. The GBP/USD pair initially fell during the course of the session on Wednesday, but turned around to form a nice-looking hammer.
The WTI Crude Oil market initially tried to rally during the course of the session on Wednesday, but found the $43.00 level to be far too resistive. Natural gas markets rallied during the course of the day on Wednesday, but turned around to form a shooting star.
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The USD/JPY pair initially rallied during the course of the day on Wednesday, but turn right back around after the FOMC statement. The New Zealand dollar initially fell during the day on Wednesday, but found enough support at the 0.70 level to form a significant bounce, printing a hammer by the end of the day.
The S&P 500 initially fell during the course of the day on Wednesday, but bounced significantly after falling in order to form a nice-looking hammer. The NASDAQ 100 initially fell but then shot higher during the day on Wednesday, forming a bit of a hammer.
Gold prices ended Wednesday's session up 1.4%, or $18.33, to settle at $1338.45 an ounce as the U.S. dollar weakened after the Federal Reserve kept rates steady and signaled a cautious approach to future rate increases.
Get the NZD/USD Forex signal for July 27, 2016 here.
Get the AUD/USD Forex signal for July 27, 2016 here.
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Get the EUR/USD Forex signal for July 27, 2016 here.
The Euro rallied initially during the day on Tuesday, but found the area above the 1.10 level to be a bit too resistive. The British pound get a little bit of a bounce during the day, but it isn’t much to write home about.
The WTI Crude market fell during the day, breaking significantly below the $43 level at one point. Natural gas markets went back and forth during the day with a slightly negative twist.