Gold continued to retreat from a three-and-a-half-month high struck last week and extended loses to a third straight session on Monday as the U.S. dollar gained strength on upbeat housing data.
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The EUR/USD pair fell slightly during the course of the day on Monday, but quite frankly we are still going sideways overall.
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The USD/JPY pair initially fell during the day on Monday, but did bounce by the time it was all said and done. This is a market that continues to show stubborn support, even after we broke to fairly significant lows during last week.
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Get the NZD/USD Forex signal for October 19, 2015 here.
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Check out the AUD/USD Forex signal for October 19, 2015 here.
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Get the USD/JPY Forex signal for October 19, 2015 here.
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Get the USD/CAD Forex signal for October 19, 2015 here.
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Check out the USD/CHF Forex signal for October 19, 2015 here.
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Get the GBP/USD Forex signal for October 19, 2015 here.
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Get the EUR/USD Forex signal for October 19, 2015 here.
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Gold prices ended Friday's session down $5.12, to settle at $1177.50 an ounce as a rebound in the dollar prompted some investors to lock in gains from a recent rally to a three-and-a-half-month high.
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The USD/JPY pair broke higher during the course of the day on Friday, clearing the top of the hammer from the Thursday candle.
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The AUD/USD pair initially fell during the course of the session on Friday, but found enough support near the 0.7225 level to turn things back around and form a hammer.
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The NZD/USD pair initially fell during the course the day on Friday but found enough support above the 0.6750 level to form a hammer.
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The WTI Crude Oil market initially fell during the course of the session on Friday, but found enough support near the $46 level to turn things back around and form a hammer.
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