The EUR/JPY pair did very little during the session on Monday, but he did remain above the 143 level, which was the most important thing for me.
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The NZD/USD pair fell most of the session on Monday, but as you can see bounced enough to form a hammer. This of course is a bullish sign, but we have a shooting star the day before so that tells me that there is more or less a bit of confusion.
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Check out the Forex signal for the USD/JPY 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 closed Friday's session lower than opening but remained within the previous four days trading range. Gold prices rose 0.6% over the course of the week as investors turned to the relative safety of the precious metal.
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The WTI Crude Oil markets rose during the session on Friday, as the nonfarm payroll numbers come out just a little bit better than anticipated.
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The EUR/USD pair rallied during the session on Friday, but gave back quite a bit of the gains after the nonfarm payroll number came out better than anticipated.
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The NZD/USD pair rose during the session on Friday, but as you can see the 0.85 level offered far too much in the way of resistance.
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Check out the weekly Forex forecast for the major pairs here.
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The WTI Crude Oil markets fell during the session on Thursday, finding plenty of support down at the $100 level though. The resulting action caused a hammer to form, and now I am getting more and more bullish of this contract.
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The EUR/USD pair shot straight through the 1.38 level during the session on Thursday, as the European Central Bank suggested that it wasn’t going to do anything to loosen monetary policy anytime soon.
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The USD/CAD pair fell during the session on Thursday, slicing through the 1.10 level. Although this is a fairly significant round number, I believe that it is simply the beginning of support, and that it runs down to the 1.09 handle.
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