Monthly Archives: September 2016

Market Commentary 30/09/16

EUR/USD – Reversal After Hitting Supply Zone The market did end up breaking through the high of supply zone it had entered when yesterday’s market commentary was published. Soon after it entered, the supply zone found above was hit and…

Market Commentary 29/09/16

EUR/USD – Moving Back Into Supply Zone Early this morning EUR/USD rose into the supply zone that formed from yesterday’s drop, after initially falling out of the zone the market is currently rising back into it and I think we…

Market Commentary 28/09/16

EUR/USD – Retracement Back Towards Supply Zone Yesterday we saw the market fall out of the daily supply zone and in the process create a new supply zone where I said to watch for entries short. After another small drop…

Market Commentary 27/09/16

EUR/USD – Reversal In Progress In the past few hours we have seen EUR/USD fall out of the daily supply zone it first entered on the 22nd of September. It’s now looking like we are going to see the market…

Market Commentary 26/06/16

EUR/USD – Supply Zone Broken By Move Higher The supply zone created by the drop lower which took place last Thursday has been broken by a move higher today. Although the supply zone has been broken, I’m not convinced we…

Market Commentary 23/09/16

EUR/USD – Moving Higher After Large Drop EUR/USD is currently in the process of moving higher after suffering a large drop shortly after yesterday’s market commentary was published. The drop caused the market to fall through the tiny zone I…

Market Commentary 22/09/16

EUR/USD – FOMC Causes Large Move Higher Last night the FOMC was released and as expected it caused the market to move higher out of the buy zone the market had dropped into earlier that day. Two hours before the…

Market Commentary 21/09/16

EUR/USD – Deeper Drop Into Daily Buy Zone Today EUR/USD has dropped deeper into the daily buy zone which the market first entered back on the 16th September. You can see the market did actually end up breaking through the…

Market Commentary 20/09/16

EUR/USD – Falling After Hitting Breakout Zone EUR/USD is currently falling lower after hitting the breakout zone which I said to watch in yesterday’s post. I also said to watch for an entry short in the big supply zone found…

Market Commentary 19/09/16

EUR/USD – Retracing After Last Weeks Drop Last Friday we saw the price of EUR/USD fall dramatically after a wave of USD news was released in the afternoon, today the market has started to retrace as the banks look to…