The NZD/USD pair initially tried to rally during the course of the session on Thursday, but turned back around to fall significantly. By doing so, we formed a shooting star that of course is a negative sign.
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I believe that the USD/CAD pair has the most likelihood of producing a massive trade on Friday. This is because of course we have the Nonfarm Payroll Numbers coming out of the United States, but we also have Employment Numbers coming out of Canada.
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The USD/JPY pair initially rose during the course of the day on Thursday, breaking above the 122 handle. However, we ended up finding enough resistance above there to turn the market back around and form a shooting star.
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Get the USD/CAD Forex signal for November 5, 2015 here.
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Check out the USD/CHF Forex signal for November 5, 2015 here.
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Gold prices fell 0.88% on Wednesday, extending their losses to a sixth straight session, as the dollar rallied across the board after Federal Reserve Chair Janet Yellen said the central bank could begin tightening monetary policy in December.
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The WTI Crude Oil market initially tried to break above the $48 level, but turned back around to a relatively negative candle.
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The USD/JPY pair initially fell during the course of the session on Wednesday, but found enough support near the 121 level to turn things back around and tried to break out.
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The NZD/USD pair fell again during the course of the session on Wednesday, as it appears we now are heading towards the 0.65 handle.
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The USD/CHF pair initially fell during the course of the day on Wednesday, but as you can see there was plenty of support at the 0.99 handle in order to turn things back around and form a hammer.
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