The NZD/CAD pair continued to show weakness on Monday, as the markets crashed into the uptrend line on the chart.
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The GBP/USD pair initially tried to fall during the course of the day on Monday, but as you can see the uptrend line has held true. Because of this, I believe that this market is well supported below.
The AUD/CHF pair initially fell during the course of the day on Monday, but found enough support at the 0.7250 region to turn things back around and form a nice-looking hammer.
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Get the NZD/USD Forex signal for August 10, 2015 here.
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The EUR/USD pair initially fell during the course of the session on Friday, but after the Nonfarm Payroll Numbers came out, we did up seeing this market turn things back around and form a massive hammer.
The GBP/CHF pair is one of my favorite pairs. This is a pair that has a reasonable spread, but it has quite a bit of volatility. When you get the trade right in this pair, you can make a lot of money in a very short amount of time.
The AUD/SGD pair probably isn’t one of your more common pairs to trade, but at the end of the day it makes sense as it is two strong Pacific currencies.
During the session on Friday, we initially fell in the GBP/USD marketplace, in reaction to the Nonfarm Payroll Numbers. However, as you can see I have an uptrend line drawn on the chart, and we touched that line and bounced directly from that level.
The USD/JPY pair tried to break out during the session on Friday, but found the 125 level to be far too resistive to continue going higher. While I do think that this market eventually breaks out to the upside, this simply means to me that we do not have quite enough in the way of momentum to break out quite yet.
Gold prices ended Friday's session up $4.42, to settle at $1093.95 an ounce as weaker than estimated employment growth in the U.S. pushed down stocks and sent some investors toward safety plays.