Monthly Archives: March 2016

Market Commentary 31/03/16

EUR/USD – New Swing High On The Daily Chart Yesterdays profit taking came to an end early this morning and the market has now climbed higher past the old high seen on the daily chart. When the profit taking ended…

The Three Types Of Trend Reversal

It may come as a surprise to you to know there are only three types of trend reversal which can occur in the forex market. By understanding which of these three reversals is taking place, you are able to draw several…

Market Commentary 30/03/16

EUR/USD – Yellen Speech Causes Large Move To The Up-Side The speech by the chairwoman of the Fedral Reserve (Janet Yellen) caused large moves in all markets late yesterday afternoon. The move on EUR/USD was dramatic with the market breaking…

Market Commentary 29/03/16

EUR/USD – Upside Subdued, Market Reacts To Breakout Zone The upwards momentum from yesterdays breakout has subsided somewhat and we are currently seeing the market try to breakout back to the upside. The breakout zone mentioned yesterday failed to provide…

Market Commentary 28/03/16

EUR/USD – Breakout From Consolidation EUR/USD has broken out from the consolidation the market has been in since last week, it could be possible the highs at  are in danger of being broken if the move higher continues. The breakout…

Market Commentary 25/03/16

EUR/USD – Momentum Depleted – Consolidation Forming   The downwards momentum on EUR/USD has completely stalled, the market is now consolidating above the daily demand zone. You can see how no new high or low has been made today and…

Market Commentary 24/03/16

EUR/USD – Possible Pin Bar On Daily Chart EUR/USD has continued to fall but we are beginning to see sings of a potential up-move developing. Take a look at how the lows marked with the arrows are getting closer together,…

Market Commentary 23/03/16

EUR/USD – Retest of Breakout, Continued Decline EUR/USD has continued to fall today after retesting the breakout point which the market broke yesterday. You can see I’ve marked the breakout zone on the image above, when the market ran into…

How To Trade Retests Of Breakout Levels

Breakouts are one of the things you will see taking place all day in the forex markets. The majority of breakouts end up being false breaks which means the market doesn’t actually end up moving in the direction of the…