Monthly Archives: October 2016

Market Commentary 31/10/16

EUR/USD -Falling Out Of Daily Supply Last Friday a large move higher took place that caused EUR/USD to move into the daily supply zone created by the drop which occurred back on the 19th. Today we have seen the market…

Market Commentary 27/10/16

EUR/USD – Moving Towards Yesterday’s Highs EUR/USD is currently in the process of moving towards yesterdays high, if this high get broken we could see further up-movement take place. The market almost returned to the demand zone I marked in…

Market Commentary 26/10/16

EUR/USD – Sharp Move Higher Out Of Daily Buy Zone Last night we saw the market make a sharp move higher out of the daily buy zone it had re-entered yesterday afternoon. The sharp move higher has pushed the market…

Market Commentary 25/10/16

EUR/USD – Falling Deeper Into Daily Buy Zone As expected EUR/USD has today dropped back into the daily buy zone which caused the small retracement to occur yesterday morning. I still think we are going to see the market drop…

Market Commentary 24/10/16

EUR/USD – Small Rise Out Of Daily Buy Zone Today we have seen the market make a small rise out of the daily buy zone it entered just before the market closed last Friday. I don’t think this small move…

Market Commentary 21/10/16

EUR/USD – Daily Buy Zone Broken The drop which began after yesterday’s spike higher has continued today, and the market has now completely dropped through the daily buy zone and is heading into the other daily buy zone found below….

Market Commentary 20/10/16

EUR/USD – Falling After Large Spike Out Of Daily Buy Zone EUR/USD is in the process of falling deeper into the daily buy zone after initially spiking higher due to the ECB press conference which took place just over an…

Market Commentary 19/10/16

EUR/USD – Consolidating Inside Daily Buy Zone EUR/USD is still consolidating inside the daily buy zone it’s been in since last Friday, with USD/JPY spending most of today falling I’m starting to lose confidence that we are going to see…

Market Commentary 18/10/16

EUR/USD – Possible Swing Low Forming In the past few hours we have seen EUR/USD fall to the point where the second move out of the daily buy zone began from. It’s possible this move down will end up becoming…

Market Commentary 17/10/16

EUR/USD – Rising Out Of  Daily Buy Zone Last Friday we saw how a collection of sell stops had built up around the 1.10000 level and the 1.09744 level. In the hours leading up to the market close, the price…