The AUD/CHF pair initially broke higher during the session on Friday, but then turned back around to form a shooting star. This is the second shooting star in a row, and it appears that the market is ready to start falling.
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Looking at the USD/CHF pair, you can see that we fell significantly during the session on Friday. Importantly though, we found the 0.95 level to be supportive enough to keep the market supported and buyers stepping in.
Get the weekly Forex forecast for the week of April 20, 2015 here.
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Get the Forex forecast for some of the major currency pairs for the week of April 20, 2015 here.
Gold prices initially rose during the course of the day on Thursday, but the market found resistance around the $1209 level and retreated to support at $1197.
The EUR/USD pair initially fell during the course of the day on Thursday, but not enough support to continue to go much higher.
The GBP/USD pair went much higher during the course of the day on Thursday, testing the crucial 1.50 level. Because of this, looks like the market is going to test the will of the buyers soon, as this area is a massive barrier.
Get the AUD/USD Forex signal for April 16, 2015 here.
Gold prices ended Wednesday's session up 0.83% at $1202.39 per ounce as weakness in the greenback lured some investors back into the market and helped prices regain their footing.
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Get the USD/CAD Forex signal for April 16, 2015 here.
Get the USD/JPY Forex signal for April 16, 2015 here.
Get the GBP/USD Forex signal for April 16, 2015 here.
Get the EUR/USD Forex signal for April 16, 2015 here.
Gold prices initially moved lower on Tuesday but cut losses as weaker than expected U.S. retail sales and producer prices data led to a pullback in the dollar.
Get the USD/CAD Forex signal for April 15, 2015 here.