The USD/CAD pair fell during the session on Tuesday, but as you can see the 1.06 level has offered support yet again. That area for me is rather significant, but it isn't the bottom of the support.
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The EUR/JPY pair fell after going back and forth during the session on Tuesday. Market is sitting at the 141.50 level, and as a result I think this market will continue to go higher, reaching the 145 level.
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Gold continued to gain ground against the American dollar yesterday but remained within the last five days trading range. Comments from Fed policy makers showed that they would like to begin to wind down the quantitative easing program sooner rather than later but the market's reaction was somehow limited.
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The WTI Crude Oil markets fell during the session on Monday, as the $98.00 level offered far too much resistance. That being the case, it feels as if the market is going to pullback from here, which of course would be healthy considering the impulsive move that we've had over the last couple of sessions.
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The EUR/USD pair drift a little bit lower at the open on Monday, but as you can see bounced higher and challenge the 1.3750 level. Now that we've done this, I think that this market still has continuing the bullish attitude to it, and as a result I am only buying the Euro at this point.
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The GBP/USD pair shot straight up during the session on Monday, testing the 1.6450 area yet again. This is an area that has caused problems for the buyers several times now, but I do think that eventually we will breakout and above it.
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The EUR/JPY pair gapped at the open on Monday, but as you can see spent part of the day pulling back in order to fill that very same gap. The market closed at roughly 142, and as a result it looks like we are pressing up against that area for some type of breakout further to the upside.
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Check out the free Forex signal for the EUR/USD pair here.
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