FACTSFOREX DAILY MARKET UPDATE 19/09/13

Adewale's views on the Charts  is not advice or a recommendation, it is educational and general information only, all charts are depicted as  daily time frame unless stated underwise.)


EUR/USD  continues its bullish run earlier in the session before succumbing to bearish push and ended the day somewhat indecisible.The bullish strenght in this pair is still much alive.We look forward to any buying signal in the near term to trade into the next resistance zone aroun 1.3700.

GBP/USD retraced lower today as expected after yesterday explosive move, and ended the day by forming an inside bar signal.This setup has capacity to act as a  bullish continuation signal.The next resistance zone can be seen at 1.6311.

USD/CAD rotated earlier today and later pullback to value/horizontal resistance zone as expected after yesterday massive bearish moves.We are looking at the probability of blindly trade in line with bearish momentum from this zone.A bearish confirmation setup can be look out for at intra day candles.

AUD/USD retrace a little today and ended up the day by forming an inside bar   which can act as a continuation bullish setup for this pair.The next resistace zone can be see at around 0.9660.

FACTSFOREX DAILY MARKET UPDATE FOR 18/09/13

Adewale's views on the Charts  is not advice or a recommendation, it is educational and general information only, all charts are depicted as  daily time frame unless stated underwise.)

EUR/USD  moved aggresively today by breaking through the key resistane zone around 1.3417.In the near term we may see a retracement to value/support zone of 1.3417, where will can look out for a buying signal to trade in line with the bullish momentum in place.The next key resistance zone can be seen at 1.3652.

GBP/USD  agressively moved up today, and failed to fill the gap formed on monday.The bullish momentum in the market now is very strong, most time when will have this aggresive move, we may see  an aggressive correction.But we are very much bullish in our directional bias.

USD/CAD  aggresively rotated lower today after initial bullish push that failed to sustain with the 8 day EMAS.We are looking for rotation into the value/horizontal support around 1.0244 zone where will can join the falling knife.The next support level can be seen around 1.0136.

FACTSFOREX DAILY MARKET UPDATE 17/09/13

Chart Analysis:
Adewale's views on the Charts (this is not advice or a recommendation, it is educational and general information only, all charts are depicted as  daily time frame unless stated underwise.)


EUR/USD attempt to filled the gap created on Monday but met with bullish pressure and thereby pullback.Although no obvious buying setup but this pullback can start the bullish run into the next key resistance level around 1.3416.

GBP/USD exprienced low volume trading day today.The pair tried to muster bullish run but failed to sustain any significant bullish push, thereby pair some losses into New York close.We sit on our hand until we can see an obvious buying setup at the support zone in 1.5753 area.

NZD/USD moved agressively today after yesterday bearish gap filled.Yesterday bearish gap filled serves as retracement to value/support zone of 0.8162.The next key resistance zone can be seen at 0.8354.

EUR/AUD tried to muster bullish run today but failed to sustain it after succeeded in breaking the high of yesterday pinbar .Today bearish rejection pinbar also formed within the slope of 8 day EMAS which also add confluence to the setup.The next support zone can be seen around  1.3932

FACTSFOREX DAILY MARKET UPDATE 16/09/13

EUR/USD  started the day with a gap, and later ended the day on a bearish note.We are neutral on the next directional bias but there is probability of a retracement back into the gapped region where will may look for bullish price action setup.

GBP/USD also opened with a gap today and ended the day on a bearish note.This formation has tendency for a retracement into value where will can look for bullish setup to join the bullish runs.

FACTSFOREX DAILY MARKET UPDATE FOR 12/09/2013

EUR/USD  rotated lower earlier in the session, but pair losses back into New York close by forming an inside pinbar .We look forward to the break of the inside pinbar setup in the near term, for us to trade in line with the momentum.

GBP/USD stalled today from the recent bullish run, and look set to retrace back to value before picking up the bullish run.We will focus on 1.5722 zone and also the EMA zones for bullish setup to trade back inline with the dominant momentum.

AUD/USD rotated lower to 0.9225 from the key resistance zone today as expected, but later paired losses back into the New York close.We look forward to the returns of the bullish run in the near term

FACTSFOREX DAILY MARKET UPDATE 11/09/2013

EUR/USD breaks out from the inside bar setup that will discussed yesterday.This goes to validate bullish momentum in the near term.The near term resistance zone is around 1.3400 area.

GBP/USD breaks out aggressively from the key resistance zone of 1.5753 today.This goes to confirm the bullish momentum that has being building up for days now.We will fancy a retrace back to 1.5753 zone where will can look out for bullish setup to join the bullish momentum,

AUD/USD  continues with the bullish run today by forming a small pin at the key resistance zone.We anticipate an upward move in the near term

FACTSFOREX DAILY MARKET UPDATE FOR 10/9/2013

EUR/USD rotated lower in the earlier session and ended the day by forming an inside bar setup.Given the bullish strenght in this market we presumed the possibility of the inside bar setup resulting in bullish  continuation.The break of mother bar high of the inside bar setup will increase the possibility of bullish momentum.

GBP/USD continues its bullish run but failed to break the key resistance level around 15753 zone and therefore closed below. We are sitting on our hand for another 24hrs, anticipating the price action outlook at this zone, as is less risky trading into key resistance zone.

NZD/USD continues its bullish run again today from the pinbar formed yesterday.The next resistance zone is around 0.8162.

AUD/USD continues the bullish run today after yesterday pinbar .It ended the day by closing below the key resistance level around 0.9315 zone.We look forward to price action reaction to this zone ,because the EMAS has already crossed signifying change of trend to bullish  and also the formation of higher high.

USD/CAD moved lower again today, pair a sizeable loss into NewYork close.We are anticipating retracement to the horizontal resistance zone at 1.0425 which also doubled as dynamic resistance zone which validate as confluence zone.

FACTSFOREX DAILY MARKET UPDATE FOR 9/9/13

EUR/USD moved aggressively up today, close above 1.3200 zone we have been taking about in recent commentary.We are careful for the next directional momentum for this pair in the near term, but our bias is still bearish as the case may be.

GBP/USD continues it upsurge today by invalidating the pinbar high around 1.5720 mentioned yesterday.
Our next drectional moves will be determined by the price action reaction around the key resistance zone of 15753 area.We can get a false break or a convincing close above this zone in the near term.

NZD/USD rotated lower earlier in the session,but ended the day by forming a pinbar that can validate the continuation of the bullish run.The ranging momentum is still intact, next resistance level can be seen around 0.8162.

USD/CAD continues its bearish run today.We are still expecting a retracement to the horizontal resistance zone around 1.0444, where will look out for a bearish setup to trade in line with the bearish runs.

FACTSFOREX WEEKLY MARKET UPDATE FOR 5-8/9/13.

EUR/USD rotated higher on friday as expected.We are anticipating a bearish set up within horizontal resistance zone around  1.3200. We keep our mind alert for a bearish setup at this zone in the near term.

GBP/USD also moved up today after forming what can be refers to as bearish rejection on Thursday.We can see that the pair ended the day close to the key resistance zone of 1.5750.The close on friday still falls within the 50% zone of the pinbar formed about three weeks ago around 1.5682.So we are anticipating a bearish setup/momentum in the mean time.

USD/CAD dropped a clanger today by agressively rotated lower, and closed below the horizontal support zone around 1.0444.We look forward to retracement to the zone where we can look for a bearish setup to trade into the bearish momentum at hand.

EUR/AUD breaks the low of the inside bar setup formed on Thursday and ended the day with a small pin bar that has the capacity to leads the retracement into the Horizontal resistance zone around 1.4481.We keep our eyes open for a bearish setup at this zone.

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FACTSFOREX DAILY MARKET UPDATE 5/9/13

EUR/USD found selling pressure earlier in the session around key resistance zone of 1.3200 and thereby rotated lower today.This market has eventually indicated a weakness thereby given room for lower price in the mean time.The next key support can be found in 1.3000 zone.

GBP/USD formed a rejection bearish setup today, as also confirmed by the pinbar formed at intraday chart of 4hrs. We have been anticipating this price action formation for a while , which goes to show the importance of patience.The next support level is around 1.5428 zone

AUD/USD stalled today as expected after few days of buoyant move. We expected the pair to retrace to value around 0.9072 zone where will can look for price action to trade back to key resistace zone around 0. 9300 zone in the near term

EUR/AUD formed an inside bar setup today just below an horizontal resistance 1.4481 zone.We are looking forward to a bearish fakey in the near term to trade in line with the bearish momentum

FACTSFOREX DAILY MARKET UPDATE FOR 3/09/13

EUR/USD breaks through the inside bar formed yesterday and ended with an outlook of a possibilty of retracing higher in the near term.The EMA has crossed, showing the tendency of a bearish momentum.We are looking forward to bearish setup within 1.3296 zone to validate our bearish bias.

GBP/USD rally up and later ended the day almost unchanged from yesterday close.As mentioned earlier in this week market update, we are still looking for a bearish price action setup on this pair as a result of an obvious COILING situation of the pair.

FACTSFOREX DAILY MARKET UPDATE FOR 2/09/13

EUR/USD formed an inside bar setup today given a picture of a combo(pinbar and inside bar) at key support zone.The pair succeeded in closing below the key support zone of 1.3200 but not convincily to warrant a dominant directional bias.We are expecting a fakey setup that will solidify our directional bias in the mean time.

GBP/USD formed a fakey/false break setup today.The directional bias of this pair will be confirmed when the pinbar formed previously is invalidated by the breaking of the low around 1.5426 zone.

GBP/JPY closed above the range level today.We are careful to believe that the momentum has changed, though we have a close above the range.We will wait another 24hrs to confirmed our directional bias.

NZD/JPY continues its up surge today after the formation of a pinbar on tuesday last week.The ranging momentum is obvious for this pair, so will like to ride the trail left behinde by the price Action setups.

FACTSFOREX MARKET ANALYSIS FOR AUG 30-SEPT 1 2013

EUR/USD  rotated earlier in the session but paired losses into New York session and ended the day by forming a small bearish pinbar at key support zone at 13200 zone.We would love to see a close below this key support zone before this pair has capabilty to rotates lower.

GBP/USD consolidated within the range of the pinbar formed earlier in the week.As mentioned at our earlier week  market analysis that pair is undergoing a COILING situations.We remained bearish bias on this pair by keeping our eyes open for the invalidation of the pinbar formed on Wednesday by breaking the low of the pinbar

AUD/USD formed a fakey on monday in continuation of the dominant bearish trend.The next key support is around 0.8849 zone.We remained alert to price action reaction at this key support in the near term.

EUR/JPY breaks the low of the inside bar formed on thursday