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Weekly Market Commentary: November 14th to 18th 2016

EURUSD – Euro/dollar volatility spikes after U.S. election The EURUSD lost significant ground last week after shooting dramatically higher in the wake of the U.S. election results and then reversing course, ending the week sharply lower. Notice in the weekly chart below, price shot all the way up to key resistance near 1.1280 mid-week last […]

technicaladmin November 14, 2016November 14, 2016 Read More

Daily Market Commentary: November 11th 2016

EURUSD – The EURUSD reversed aggressively yesterday after shooting dramatically higher in the wake of the US election results. We could look to get short this market on some strength followed by a 1 hr, 4 hr or daily chart sell signal. Resistance up near 1.1125 key resistance is the key level for bears. GBPUSD […]

technicaladmin November 11, 2016November 11, 2016 Read More

Daily Market Commentary: November 10th 2016

EURUSD – The EURUSD reversed aggressively today after shooting dramatically higher in the wake of the US election results. We could look to get short this market on some strength followed by a 1 hr, 4 hr or daily chart sell signal. Resistance up near 1.1125 key resistance is the key level for bears. GBPUSD […]

technicaladmin November 10, 2016November 10, 2016 Read More

Daily Market Commentary: November 9th 2016

EURUSD – The EURUSD has been selling off so far this week, staying contained under resistance up near 1.1125. If price remains under that level this week we could see more downside and we can look to get short on a 1hr, 4hr or daily chart signal whilst under that resistance. AUDUSD – The AUDUSD […]

technicaladmin November 9, 2016November 9, 2016 Read More

Daily Market Commentary: November 4th 2016

EURUSD – The EURUSD consolidated today just under 1.1125, remaining buoyant into the day’s close. If price breaks above that level, we could see a larger run higher. If it holds below it, we would expect price to rotate lower. So it all depends on that 1.1125 for now. GBPUSD – The GBPUSD rallied aggressively […]

technicaladmin November 4, 2016November 4, 2016 Read More

Daily Market Commentary: November 2nd 2016

EURUSD – Euro/dollar rallied again today as price continues to retrace higher. There is still key resistance coming in overhead near 1.1125 and we will watch that level closely if price tests it in the coming days. For now, we are standing on the sidelines and will wait for price action to develop before taking […]

technicaladmin November 2, 2016November 2, 2016 Read More

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

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