The EUR/GBP pair went back and forth during the course of the day on Wednesday, essentially hovering just above the 0.78 handle at the end of the day.
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The XAU/USD pair (Gold vs. the American dollar) closed yesterday's session with a loss, erasing most of the gains in the previous session, as the bulls failed to overcome the resistance level at 1225/9.
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BTC/USD had a very strong session yesterday on the back of news that Bitcoin Start-up BitPay had announced a partnership with payments company PayPal to integrate their services.
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The XAU/USD pair (Gold vs. the American dollar) scored a gain of 0.7% on Tuesday as better-than-expected Chinese manufacturing data developments in the Middle East combined to provide support to the precious metal.
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The EUR/USD pair tried to rally during the course of the day on Tuesday, but as you can see found quite a bit of resistance at the 1.29 handle.
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As far as I can see, the GBP/USD pair is starting to show signs of life again to the upside. The market initially sold off during the session on Tuesday, testing the 1.63 level for support.
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The USD/JPY pair fell hard during the course of the day on Tuesday, but somewhere near the 108.25 level ended up finding enough support to turn things back around and form a nice-looking hammer.
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The AUD/USD pair tried to rally during the session on Tuesday, but found enough resistance near the 0.8950 level to turn things back around and form a shooting star.
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The USD/CAD pair initially fell during the course of the day on Tuesday, finding support at the 1.10 level during the middle of the session, and then bouncing significantly in order to form a nice-looking hammer.
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Check out the USD/JPY Forex signal for September 24, 2014 here.
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Check out the GBP/USD Forex signal for September 24, 2014 here.
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Check out the EUR/USD Forex signal for September 24, 2014
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The Euro recovered after earlier striking a 14-month low versus the U.S. Dollar after Markit Economics reported a rise in the preliminary readings for Germany’s PMI Reading Services suggesting that the country’s economy may have expanded this quarter, which is especially important as Germany is viewed as the Eurozone’s economic driver.
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BTC/USD continues to remain in a strong downtrend post breaking the psychological support zone at $400. The digital currency was unable to sustain at higher levels and closed near the lows of the day in yesterday’s trading session.
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According to the analysis of the USD/JPY and GBP/USD pairs, trader profited on a binary options platform. See how here for September 23, 2014.
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