The USD/MXN pair fell initially during the course of the day on Friday, but found support near the 16.70 region.
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The EUR/USD pair initially fell during the course of the day on Friday, but bounced enough to form a bit of a hammer. It showed yet again that the 1.11 level offered support, as it has several times already.
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Gold prices ended Friday's session down $8.28, to settle at $1145.60 an ounce as the dollar pared losses after a report showed the U.S. economy grew more than forecast in the second quarter.
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Get the Forex forecast using quant vs chart reading analysis for major currency pairs for the week of September 27, 2015 here.
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Check out the Forex forecast for major currency pairs for the last week of September 2015 here.
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The EUR/USD pair initially tried to rally during the day on Thursday, but found quite a bit of resistance near the 1.13 level. By doing so, we ended up forming a bit of a shooting star, and it now appears that this market really isn’t ready to do anything for any real length of time.
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The GBP/USD pair is showing significant support after the Thursday session, as we tested the 1.52 handle for support.
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The USD/JPY pair fell initially during the session on Thursday, driving pretty deep to the downside.
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The EUR/CHF pair initially pulled back during the course of the session on Thursday, but found enough support near the 1.09 level to turn things around completely and form a hammer.
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The NZD/CAD pair shot higher during the course of the day on Thursday, slamming into the resistance barrier at the 0.85 handle.
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Gold prices advanced 2.1% on Thursday, extending their gains to a second straight session, as the dollar came under pressure after durable goods orders data fell short of market expectations.
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Gold turned higher on Wednesday as declines in equities sparked by weak Chinese factory data made gold more attractive as an alternative asset. The XAU/USD pair continued to advance during today's Asian session and traded as high as $1136.12 an ounce.
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Get the NZD/USD Forex signal for September 24, 2015 here.
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Get the AUD/USD Forex signal for September 24, 2015 here.
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Get the USD/JPY Forex signal for September 24, 2015 here.
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