Get the USD/CAD Forex Signal for February 3, 2016.
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Gold prices rose slightly on Tuesday closed the day at $1128.78 an ounce.
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The USD/JPY pair fell significantly at first during the day on the day, but turned back around to form a bit of a hammer. The AUD/USD pair broke higher during the course of the session on Monday, clearing the top of the hammer that had formed.
The EUR/USD pair rose during the course of the day on Monday, showing that the 1.08 level has offered quite a bit of support. The GBP/USD pair did break to a “higher high” at this point, so it does suggest that perhaps we are going to make a serious attempt to break above the 1.45 handle.
The S&P 500 went back and forth during the course of the session on Monday, as the 1940 level offered resistance, but we did see a bit of support in 1920. The NASDAQ 100 had a little bit more of a positive session than the S&P 500 did, but we still have to deal with the 4350 level before we can truly take off to the upside.