Monthly Archives: August 2016

Market Commentary 31/08/16

EUR/USD – Daily Demand Zone Broken The daily demand zone which the market fell into yesterday has been broken today but we could still see a move up occur as the price action forming suggests the bank traders are taking…

Market Commentary 30/08/16

EUR/USD – Deeper Drop Into Daily Demand Zone Today we have seen the market drop deeper into the daily demand zone which the market initially spiked yesterday. I was hoping the spike would cause the market to enter the supply…

Market Commentary 29/08/16

EUR/USD – Small Retracement Into Daily Demand Zone Today we have seen the price of EUR/USD continue to fall but a retracement into a new supply zone seems likely as the banks take some profits off their sell trades. We…

Market Commentary 26/08/16

EUR/USD – Yellen Speech Causes Large Swings A a couple of hours ago Janet Yellen gave a speech regarding the Federal Reserves Monetary Policy Toolkit and as you’ve probably already noticed it has caused significant volatility in the markets. Before the…

Market Commentary 25/08/16

EUR/USD – Market Falling Out Of Supply Zone The market has started to fall out of the supply zone I said to watch for an entries short in yesterday’s post. Looking at the chart we can see the market entered…

Market Commentary 24/08/16

EUR/USD – New Low After Hitting Sell Zone Today EUR/USD has continued its decline which began yesterday when the market hit the sell zone suspected to have been caused by the bank traders placing sell trades. The drop has managed to…

Market Commentary 23/08/16

EUR/USD – Reacting To Zone Drawn In Last Post In yesterdays post I drew a zone around the highs of the drop which took place after the market opened on Sunday night and said to watch for a bearish engulfing…

Market Commentary 22/08/16

EUR/USD – Price Has Fallen Out Of Daily Sell Zone Today we have seen the market fall out of the sell zone that was created by the bank traders placing sell trades. Looking at the 1 hour chart we can…

Market Commentary 19/08/th16

EUR/USD – Small Retracement May Cause Move Lower After breaking to new highs late last night EUR/USD has spent the majority of today falling. If we look at the daily chart we can see the price is inside the sell…

Market Commentary 18/08/16

EUR/USD – New High After Stop Run EUR/USD has made new highs today after running into the sell stops that had accumulated below yesterday’s low. The stops were hit when the FOMC news was released at 7.00 yesterday evening. Upon…