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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

Daily Market Commentary: September 23rd 2016

EURUSD – The EURUSD moved higher today but prices retreated into the day’s close to form a bearish tailed bar just under resistance. 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 it may be best to just […]

technicaladmin September 23, 2016September 23, 2016 Read More

Daily Market Commentary: September 22nd 2016

EURUSD – The EURUSD moved higher today after reversing early-session losses. This pair is clearly indecisive right now and we are going to stand aside until an obvious signal forms. We are still more bearish biased whilst under overhead resistance levels GBPUSD – The GBPUSD continues to grind sideways to lower. As we have been […]

technicaladmin September 22, 2016September 22, 2016 Read More

Daily Market Commentary: September 21st 2016

EURUSD – The EURUSD fell lower today, forming a bearish pin bar, in-line with our expectations of lower prices in this pair. We could see it fall from here and try to re-test 1.1045 area. GBPUSD – The GBPUSD sold-off on Friday following several days of slow movement sideways to lower after an inside bar […]

technicaladmin September 21, 2016September 21, 2016 Read More

Weekly Market Commentary: September 19th to 23rd 2016

EURUSD – The EURUSD sold -off on Friday following several days of consolidation after the bearish pin bar reversal from a week ago which we discussed all week in our members commentary. We could see further downside movement this week into 1.1045 support. Those of you not already short can look for retraces to the upside […]

technicaladmin September 19, 2016September 19, 2016 Read More

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