The NZD/JPY pair fell slightly during the course of the session on Thursday, testing the 80 handle. We bounced from there, and ended up forming a bit of a hammer.
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The EUR/CHF pair initially fell during the course of the session on Thursday, but turned back around to form a hammer yet again.
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The WTI Crude Oil market fell significantly during the course of the session on Thursday, breaking down below the $42.50 level.
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Gold prices fell for a third straight session on Thursday on worries about the possible U.S. rate hike. The XAU/USD pair dipped to a low of 1074.08, a level not seen in more than five years, after dropping through the support in the 1086/2 area put some extra pressure on the market.
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Get the NZD/USD Forex Signal for November 12, 2015 here.
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Get the USD/JPY Forex Signal for November 12, 2015 here.
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Check out the USD/CAD Forex signal for November 12, 2015 here.
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Check out the USD/CHF Forex signal for November 12, 2015 here.
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Get the GBP/USD Forex signal for November 12, 2015 here.
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The EUR/USD pair initially fell during the course of the session on Wednesday, but bounced enough to form a little bit of a hammer. The hammer of course is a bullish sign but I do not pay too much attention to it.
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The USD/MXN pair fell initially during the course of the day on Wednesday, but turned back around near the 16.72 handle.
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The NZD/USD pair fell slightly during the course of the session on Wednesday, as we continue to see quite a bit of volatility in this area. I still see the 0.65 level as support, but with the 0.66 level above is resistance.
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The NZD/CHF pair did very little during the course of the session on Wednesday, as we continue to find buyers just below. After all, the 0.65 level is a large, round, psychologically significant number, and with that it would of course attract a lot of traders.
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