The EUR/USD pair bounced off of the 1.11 level during the session on Wednesday, testing the 50 day exponential moving average. Because of this, it appears that the market will continue to be relatively volatile.
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The EUR/CAD pair fell initially during the session on Wednesday, but obviously found support right at where the pseudo-uptrend line ended up forming.
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The AUD/USD pair initially tried to rally during the course of the day on Wednesday, but as you can see turned back around somewhere near the 0.71 handle.
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The USD/JPY pair had a slightly positive session during the day on Wednesday, but it continues to tighten overall. After all, the highs are getting lower in the lows are getting higher.
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The WTI Crude Oil markets fell initially during the day on Tuesday, but bounced significantly and ended up forming a hammer.
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The EUR/USD pair fell again during the Tuesday session, and broke well below the 50 day exponential moving average.
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Gold prices fell for a second day and settled at $1124.56 per ounce, losing $8.53, as strong gains in the U.S. dollar helped draw investors away from the precious metal.
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Get the AUD/USD Forex signal for September 22, 2015 here.
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Get the NZD/USD Forex signal for September 22, 2015 here.
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Check out the USD/CHF Forex signal for September 22, 2015 here.
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Get the GBP/USD Forex signal for September 22, 2015 here.
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Get the EUR/USD Forex signal for September 22, 2015 here.
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The EUR/USD pair fell significantly during the session on Monday, as the US dollar continues to be favored by the currency market at the moment.
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The AUD/USD pair fell significantly during the session on Monday, but most importantly broke the bottom of the shooting star from Friday. This of course is a very negative sign, as the Australian dollar looks to continue its downtrend that it’s been in for some time now.
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The EUR/CHF pair fell significantly during the course of the session on Monday, breaking down below the 1.09 level. The area below still offers plenty of support though, so although we have seen quite a bit of negativity I am not willing to sell this market at the moment.
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