The EUR/USD pair initially fell during the course of the session on Monday, but as we have seen several times now, the 1.35 region brings and quite a few buyers.
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The silver markets tried to rally during the session on Monday, but as you can see really struggled to keep any gains by the end of the day. Get the full analysis on Silver for June 17, 2014 here.
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The GBP/USD pair tried to breakout during the session on Monday, but the 1.70 level has offered enough resistance again to keep the market down. The resulting candle of course is a shooting star and I feel that the sellers will probably step in at this point in time.
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The CAD/JPY pair has been very congested recently, and the Monday session really didn’t do anything to change that. However, what has caught my attention is that every time we fall down towards the 93.50 level, the market bounce is nicely.
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Check out the weekly Forex signal for the EUR/JPY pair for June 17, 2014 here.
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Get the USD/JPY Forex signal for June 17, 2014 here.
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Check out the GBP/USD Forex signal for June 17, 2014 here.
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Get the EUR/USD Forex signal for June 17, 2014 here.
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The WTI Crude Oil markets initially gapped higher at the open on Friday, but as you can see spent the rest of the day falling. We did find a little bit of support at roughly $106.50, and as a result we ended up forming a hammer at the end of the session.
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The EUR/USD pair went back and forth during the course of the session on Friday, showing the market to be very tight and directionless for the day. With that, we feel that the market should continue to test the 1.35 level for support, and that level will in fact be far too important for me to ignore.
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The USD/JPY pair rose during the course of the session on Friday, testing the 102 level which had previously offered resistance on Thursday as well, and also many other times during the course of the year 2014.
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The AUD/USD pair fell during the course of the session on Friday, but found support just below the 0.94 level, an area which of course has been resistive in the past. Get the full analysis for June 16, 2014 here.
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Get the USD/JPY Forex signal for June 16, 2014 here.
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Get the Forex signal for the GBP/USD pair for June 16, 2014 here.
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