Monthly Archives: April 2016

Market Commentary 29/04/16

EUR/USD – New Highs Being Made In yesterday’s post I talked about how I was unsure of which direction EUR/USD was likely to move in, today it seems we have our answer with a large swing past the zone which…

Market Commentary 28/04/16

EUR/USD – Potential Bearish Pin Bar On Daily Chart Last night was eventful for most markets due to the release of the FOMC news, on EUR/USD the candle the news came out on caused an initial spike higher then a…

Market Commentary 27/04/16

EUR/USD – Supply Zone Hit, No New Low In my last post I said to keep an eye on the 15 minute supply zone which formed when the move higher was engulfed by a bearish candle, we have seen this…

Market Commentary 26/04/16

EUR/USD – Possible Bearish Pin Bar On 4 Hour Chart After a small reaction to the resistance level marked yesterday EUR/USD soon continued its move higher and the selling which is coming into the market now has the potential to…

Market Commentary 25/04/16

EUR/USD – Market Moving Back Above Lows A new low was made last week but today the market has moved back above these lows and is now near the resistance level which I marked in my last post We are…

Market Commentary 22/04/16

EUR/USD – Continued Decline, Lows In Danger Of Being Broken EUR/USD has continued to fall after the stop run we saw yesterday, the lows of the pullback which can be seen on the daily chart are now in danger of…

Market Commentary 21/04/16

EUR/USD – Huge Stop Run On 1 Hour Chart Over the past three hours we have seen massive run higher into buy stops around the 1.13800 level, a big drop has taken place and now the market is trading below…

Market Commentary 20/04/16

EUR/USD – Stop Run And False Breakout After the gradual move higher we have witnessed over the past couple of days today it seems as though EUR/USD may be nearing the end of its pullback higher. There was down-move which…

Market Commentary 19/04/16

EUR/USD – Large Move Higher From Demand The demand zone which I talked about in my last post has caused a large move higher today with the market breaking the swing high of the second spike into the supply zone….