The EUR/GBP pair fell again during the course of the session on Friday, as we continue to break down below the 0.70 level. However, below there we have a massive amount of support and therefore we ended up forming a hammer.
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Gold prices settled at $1078.33 per ounce, falling nearly 1% over the course of the week, as the metal struggled against a stronger dollar driven by the increasing likelihood of an interest rate hike next month.
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The EUR/USD pair fell during the course of the day on Friday, as we continue to press the downside in this market.
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The GBP/CHF pair initially rallied during the course of the day and extended its move above the 1.55 level on Thursday, but turned around to form a bit of a shooting star.
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Lately, we've been paying quite a bit of attention to the EUR/CAD pair, which is very interesting to us because of the issues in the European Union as far as the economy is concerned, and of course what’s going on in the oil markets, as they are falling apart.
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The Canadian dollar fell during the session on Thursday in relation to Swiss francs.
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The TRY/JPY pair had a fairly neutral session during the day on Thursday, suggesting that perhaps we are running out of momentum to the upside.
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During the session on Thursday, the EUR/USD pair went back and forth in a sign of support as the market could not continue to sell off.
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The SGD/CHF pair initially rallied during the course of the day on Thursday, but as you can see turned back around and formed a bit of a shooting star.
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Gold prices rose on Thursday for the second day in a row after touching their lowest level in more than five years as after breaching a key resistance at $1079 triggered some short-side profit taking as expected.
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Get the NZD/USD Forex signal for November 19, 2015 here.
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Get the AUD/USD Forex signal for November 19, 2105 here.
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