The USD/JPY pair fell during the day initially on Monday, but found enough support below to turn things back around and form a bit of a hammer type candle. The AUD/USD pair tried to rally during the day on Monday, but fell flat. Because of this, the market should continue to struggle.
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The WTI Crude Oil market initially trying to rally during the day on Monday, but found the $44 level to be far too resistive again. The natural gas markets initially tried to rally during the course of the session on Monday, but turned right back around and wiped out most of the gains from Friday.
Get the USD/CAD Forex signal for April 26, 2016 here.
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Get the USD/CHF Forex signal for April 26, 2016 here.
Get the GBP/USD Forex signal for April 26, 2016 here.
Get the EUR/USD Forex signal for April 26, 2016 here.
Gold prices ended Monday's session up $5.68, benefiting from a retreat in the dollar and falling equities. The XAU/USD pair traded as high as $1242.16 an ounce before pulling back to the current levels.
Get the NZD/USD Forex signal for April 25, 2016 here.
Get the AUD/USD Forex signal for April 25, 2016 here.
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Get the USD/JPY Forex signal for April 25, 2016 here.
Get the USD/CAD Forex signal for April 25, 2016 here.
Get the USD/CHF Forex signal for April 25, 2016 here.
Get the GBP/USD Forex signal for April 25, 2016 here.
Get the EUR/USD Forex signal for April 25, 2016 here.
The EUR/USD pair broke down during the day on Friday, clearing the bottom of the shooting star from the Thursday session which of course is a very negative sign. The GBP/USD pair had a positive session on Friday, testing the highs yet again that we haven’t seen recently.