How simple is your trading? this is what we are going to explore in this piece. ‘Sometimes the questions are complicated and the answers are simple.’ This is one of my favorite quotes. You may think this pithy saying comes from some literary giant like Shakespeare, Dickens or perhaps Mark Twain; but, in fact it was Theodor Geisel, otherwise known as Dr. Seuss,
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CRUDE OIL looks to recover further higher on corrective upside pressure. Support lies at the 46.50 level where a break will expose the 46.00 level. A cut through here will set the stage for a run at the 45.50 level. Further down, support comes in at the 45.00 level. On the upside, resistance resides at the 47.50 level. Further out, resistance comes in
GOLD remains on the offensive with eyes on 1,290 resistance zone. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 level. Conversely,
EURUSD risk remains higher with eyes on 1.1499 zone. Support comes in at the 1.1400 where a violation will aim at the 1.1350 level. A break below here will target the 1.1300 level. Further down, support lies at the 1.1250. On the upside, resistance resides at 1.1500 level with a break through there opening the door for further upside towards the 1.1550 level.
USDCHF looks to weaken further on bear pressure following its Thursday. This leaves resistance residing at the 0.9850 level as the next upside target. A break of there will clear the way for more gain towards the 0.9900 level. Above here, resistance comes in at the 0.9950 level and then the 1.0000 level.. On the downside, support is seen at the 0.9750 level.
EURUSD looks to weaken further with eyes on 1.1269 level. This is coming on the back of its weakness on Wednesday. Support lies at the 1.1300 level where a violation will aim at the 1.1250 level. A break below here will aim at the 1.1200 level. Further down, support lies at the 1.1150. Its daily RSI is bullish and pointing higher suggesting more
Do you fear success? Most people are familiar with the fear of failure but what about fear of success. In fact it’s one of Larry Wilson’s Four Fatal Fears that he listed in his book “Play to Win.” In it he describes that there are four fears fatal to your personal growth and achieving your individual goals. They are fatal not to your
GBPUSD continues to retain its bearish threats as it looks to resume broader medium term weakness. Support is seen at 1.2600 level. Further down, support comes in at the 1.2550 level where a break will turn focus to the 1.2500 level. Further down, support comes in at the 1.2450 level. Below here will set the stage for more weakness towards the 1.2400 level.