The EUR/USD pair fell significantly during the session on Monday, as the US dollar continues to be favored by the currency market at the moment.
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The AUD/USD pair fell significantly during the session on Monday, but most importantly broke the bottom of the shooting star from Friday. This of course is a very negative sign, as the Australian dollar looks to continue its downtrend that it’s been in for some time now.
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The EUR/CHF pair fell significantly during the course of the session on Monday, breaking down below the 1.09 level. The area below still offers plenty of support though, so although we have seen quite a bit of negativity I am not willing to sell this market at the moment.
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During the Monday session, the EUR/GBP pair fell significantly as we finally broke below the bottom of the consolidation area that we have been in for some time.
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Gold started the week drifting lower, testing the support around the $1132 level, as traders took profits from a recent rally to the highest level in almost three weeks.
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Get the NZD/USD Forex signal for September 21, 2015 here.
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Get the AUD/USD Forex signal for September 21, 2015 here.
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Get the USD/CHF Forex signal for September 21, 2015 here.
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Get the GBP/USD Forex signal for September 21, 2015 here.
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Get the EUR/USD Forex signal for September 21, 2015 here.
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The USD/JPY pair initially fell during the course of the session on Friday, but found enough support near the 119 level to turn things back around and form a hammer.
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During the session on Friday, the US dollar dropped against the Singapore dollar significantly, testing the 1.39 handle.
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The USD/MXN pair fell initially during the session on Friday, but turned back around to form a hammer again. We had formed a hammer on Thursday as well, so I would like to look at this chart.
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The EUR/USD pair initially tried to rally during the course of the day on Friday, but as you can see we really struggled near the 1.15 handle.
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Gold prices rose $7.52 an ounce on Friday, up for the third straight session to $1138.66, as a softer dollar, sagging risk appetite and intensifying worries over the impact of China's slowing economy on global economies lured some investors back into the market.
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