The USD/JPY pair fell during the session on Wednesday, testing the 102 level. However, you can see that we did get a little bit of a bounce towards the end of the session although it wasn’t enough to form a hammer or anything.
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Check out the Forex signal for the GBP/USD pair here.
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Check out the Forex signal for the EUR/USD pair here.
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The XAU/USD pair (Gold vs. the American dollar) ended yesterday's session with a small gain as G7 nations threatened Russia with tougher economic sanctions. Lately falling prices put the precious metal back in the spotlights.
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The WTI Crude Oil markets went back and forth on the session for Tuesday, as we continue to hover around the $99 handle. This is the epicenter of trading action at the moment as we had recently broke out above the $99 level, but as you can see we really can’t pick up enough momentum to break above the $100 level.
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The EUR/USD pair initially fell during the session on Tuesday, going as low as the 1.3750 area. This area caused the market to bounce, and in the end formed a nice-looking hammer.
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The GBP/USD pair broke higher during the session on Tuesday, using the 1.65 level as a springboard, as we broke above the top of the range from the Monday session.
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The CHF/JPY pair initially fell during the session on Tuesday, but found the area just above the 115 level be far too supportive to continue falling. The resulting bounce formed a nice hammer, which of course is a nice bullish signal.
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Check out the Forex signal for the GBP/USD pair here.
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Check out the Forex signal for the EUR/USD pair here.
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Check out the Forex signal for the GBP/USD pair here.
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Check out the Forex signal for the EUR/USD pair here.
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The XAU/USD pair fell to its lowest level in five weeks after weaker than expected figures from the United States and China fueled concerns about the global economy.
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The WTI Crude Oil markets try to rally during the session on Monday, but as you can see the $100 level has offered a bit too much resistance for the second day in a row.
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The EUR/USD pair went back and forth violently during the session on Monday, but found enough support down at the 1.3750 level to turn things back around and bounce quite a bit higher.
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