Monthly Archives: October 2012

Bearish Pin Bar Setup EurUsd 1/11/2012

The eurusd parred gains made in early trading in the London sessio, during the new york session; as buyers rejected the higher prices setting off a pin Bar Price Action Setup. Our bias on the pair remains bearish and this … Continue reading

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Daily Market Commentary GBPJPY 30th October 2012

  In our previous market commentary on the GBPJPY, we mentioned that we had a reversal inside bar on the daily chart and we expect the pair to move down towards the support level of 126.77. Also in yesterdays market … Continue reading

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Classic Bullish daily Pin Bar setup on EURJPY GBPJPY 30/10/2012

  The euroyen was unable to close below support at about 102.93 after breaking lower earlier today. A Classic bullish pin Bar price action setup could trigger buyers into action and send prices higher. Resistance is seen at  about 104.40 … Continue reading

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Counter Minor Fakey Setup on Crude Oil 29th October 2012

After a massive fall, the spot crude oil formed a counter  minor fakey setup  on the daily chart and going ahead to fill in a long position on a  50% retracement. so long as price is contained above the support … Continue reading

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Reversal Inside Bar On GBPJPY 29th October 2012

In our market commentary on 26th October 2012, we discussed about the bullish breakout we had on the GBPJPY and also mentioned that we would look out for a favorable price action setup for a buy to take a long … Continue reading

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Pin Bar Setup On EURGBP 28th October 2012

THE EURGBP after a massive sell off  failed to break and close below the horizontal support @0.8020 where it formed a pin bar off a possible acceding trend line. Considering that price failed to break below the support, we could … Continue reading

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AUDJPY Breakout Oct. 25, 2012

The jpy has shown considerable weakness in view of the easing policy of the BOJ. It appears the weakened state of this currency is not yet over as we now have breakouts in some of its crosses. For the AUDJPY … Continue reading

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FOREX MARKET COMMENTARY ON EURUSD 26TH OCT 2012

Yesterday in our market commentary, we pointed out that the EURUSD formed a bullish  pin bar off the 21day ema dynamic support which could see price move higher. We however  mentioned that our bias on this pair remains bearish due … Continue reading

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AUDUSD Pinbar Setup Oct. 26, 2012

After its massive move yesterday, AUDUSD failed in its attempt to break through Resistance at about 1.0390 displaying a significant rejection at that region and setting up a Pin bar Price Action setup in the process. Expectations are for price … Continue reading

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BREAK OUT ON GBPJPY DAILY CHART 26TH OCTOBER 2012

The GBPJPY after a decent bullish run today, broke and closed  above two horizontal  resistance levels. This lead to a break out on the daily chart as traders should look out for a suitable price action setup to join the … Continue reading

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