The GBP/CHF pair had a very interesting month for August, as we had initially broken much higher. However, the market fell apart as the British pound got sold off.
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The USD/JPY pair has been in a nice uptrend for quite some time now. We did have quite a bit of volatility during the month of August, and as you can see the last weekly candle for the month of August featured a massive selloff down to the 116 level.
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The USD/SGD pair fell the last couple of weeks during the course of the month of August, but as you can see found enough support at the 1.40 level to turn things back around and form hammers.
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The NZD/USD pair broke down significantly during the end of the month of August, but just as brutally as we sold off, we bounced.
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The GBP/USD pair reached all the way to the 1.58 level during the month of August, but turned back around and sold off rather drastically towards the end of the very same month.
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Get the NZD/USD Forex signal for August 31, 2015 here.
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Get the AUD/USD Forex signal for August 31, 2015 here.
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Get the USD/JPY Forex signal for August 31, 2015 here.
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Get the USD/CHF Forex signal for August 31, 2015 here.
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Check out the GBP/USD Forex signal for August 31, 2015 here.
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Get the EUR/USD Forex signal for August 31, 2015 here.
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The EUR/USD pair fell again on Friday after initially trying to rally. Because of this, the market looks like it is essentially going to do a “round-trip when it comes to this pair.
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During the session on Friday, the GBP/USD pair fell significantly. However, we did find a bit of support at the 1.53 level, and ended up forming a hammer for the second day in a row.
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The AUD/USD pair fell initially during the course of the day on Friday, but found support just below the closing price in order to form a little bit of a hammer.
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The USD/CHF pair initially fell during the course of the session on Friday, but found enough support below to turn the market back around. After all, the 0.96 level is a large, round, psychologically significant number, and of course would attract traders in general.
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