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Weekly Market Commentary: October 31st to November 4th 2016

EURUSD – The EURUSD has been trending lower in recent weeks and has easily broken down through multiple key support levels. Last week, we saw price stage an upside rally, retracing higher within the overall downtrend this pair has been in. We still see plenty of bearish pressure overhead and can look to sell up near […]

technicaladmin October 31, 2016October 31, 2016 Read More

Daily Market Commentary: October 27th 2016

EURUSD – The EURUSD tried to rally higher today but ran into resistance up near 1.0950, a previous key level as we can see below. Price could fall lower from today’s bearish reversal bar, and there is also a 4hour chart bearish pin bar that formed here today. However, we would like to see more […]

technicaladmin October 27, 2016October 27, 2016 Read More

Daily Market Commentary: October 26th 2016

EURUSD – The EURUSD fell significantly lower last week as the recent bearish momentum continued with prices breaking down through 1.0900 key support on Friday and closing under that level. The next support is 1.0800 area and resistance is now seen up at 1.1125 and 1.1030 area. We are still looking to be sellers on […]

technicaladmin October 26, 2016October 26, 2016 Read More

Weekly Market Commentary: October 24th to 28th 2016

EURUSD – The EURUSD fell significantly lower last week as the recent bearish momentum continued with prices breaking down through 1.0900 key support on Friday and closing under that level. The next support is 1.0800 area and resistance is now seen up at 1.1125 and 1.1030 area. We are still looking to be sellers on any […]

technicaladmin October 24, 2016October 24, 2016 Read More

Daily Market Commentary: October 21st 2016

EURUSD – The EURUSD tried to rally higher today from support near 1.0960 area, but bears quickly came in an pushed prices lower, resulting in a bearish tailed reversal bar. Price is now threatening to break down through 1.0900 key support level which would likely set off a larger downside move. GBPUSD – GBPUSD remains […]

technicaladmin October 21, 2016October 21, 2016 Read More

Daily Market Commentary: October 19th 2016

EURUSD – We remain bearish on the EURUSD as we have been for weeks now. Price is looking like it may test key support of the trading range near 1.0900 – 1.0800 this week. If we get any upward retracements early this week, traders can watch for 1 hour, 4 hour or daily chart price […]

technicaladmin October 19, 2016October 19, 2016 Read More

Daily Market Commentary: October 5th 2016

EURUSD – The EURUSD moved sideways last week as it continued to consolidate just below 1.1300 near-term resistance. This pair is stuck within a larger trading range between 1.1400 and 1.0900, and we can look for price action signals to sell near resistance levels or buy near support levels. But for now, we will remain on […]

technicaladmin October 5, 2016October 5, 2016 Read More

Weekly Market Commentary: October 3rd to 7th 2016

EURUSD – The EURUSD moved sideways last week as it continued to consolidate just below 1.1300 near-term resistance. This pair is stuck within a larger trading range between 1.1400 and 1.0900, and we can look for price action signals to sell near resistance levels or buy near support levels. But for now, we will remain on […]

technicaladmin October 4, 2016October 5, 2016 Read More

Daily Market Commentary: September 28th 2016

EURUSD – Last week saw the EURUSD move modestly higher, but it is still sideways overall and stuck within a large trading range between 1.1400 – 1.0900. In the near-term, price held under 1.1300 so far this week, if this continues we could see it fall further and try to test support. We remain on […]

technicaladmin September 28, 2016September 28, 2016 Read More

Weekly Market Commentary: September 26th to 30th 2016

EURUSD – Last week saw the EURUSD move modestly higher, but it is still sideways overall and stuck within a large trading range between 1.1400 – 1.0900. In the near-term, if price holds under 1.1300 resistance area we could see it reverse to the downside again. This pair is pretty volatile / erratic right now so […]

technicaladmin September 26, 2016September 26, 2016 Read More

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