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EURUSD: Rallies, Resumes Short Term Uptrend

EURUSD: With the pair rallying to stop its weakness on Tuesday, more strength is envisaged. On the down, support lies at the 1.0650 level where a violation will aim at the 1.0600 level. A break of here will aim at the 1.0550 level. Conversely, on the upside, resistance comes in at 1.0750 level with a cut through here opening the door for more

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How To Make Your Ego Your Friend In Trading

Gayle couldn’t believe what had happened. The price action on the 15 minute NQ E-mini had retraced and her demand zone trade, where she had executed a limit order to go long, had come perilously close to hitting her stop. However, just as it seemed like it was about to tap the price point and take her out, she grabbed her mouse and

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GOLD: Targets Further Upside Pressure On Price Extension

GOLD: The commodity remains biased to the upside following its price extension the past week. This development leaves more strength to the upside in the new week. On the downside, support comes in at the 1,190.00 level where a break will turn attention to the 1,180.00 level. Further down, a cut through here will open the door for a move lower towards the

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EURUSD: Bullish, Retains Its Recovery Bias

EURUSD: With the pair closing higher the past week, further bullishness is expected in the new week. On the down, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Conversely, on the upside, resistance comes in at 1.0650 level with a cut through here opening the door

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USDCHF: Remains Vulnerable To The Downside But With Caution

USDCHF: The pair closed further lower the past week though we could see a recovery higher in the new week. On the downside, support lies at the 1.0050 level. A turn below here will open the door for more weakness towards the 1.0000 level and then the 0.9950 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside,

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Why Accountability Is A Must For Your Trading Success

Richard heaved a heavy sigh. He was thoroughly perplexed, confused, frustrated and dejected as he struggled to understand why the stock he was trading had taken a dive in the late afternoon. The Earnings Report had good news and what’s more, the Bloomberg analyst had noted that it should rise. Well, it did, just before it crashed…with him in tow. He thought he

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EURUSD: Rallies, Sees Further Bullishness

EURUSD: With the pair taking back its intra day losses to close higher on Wednesday and following through on a rally during Thursday trading session, more strength is envisaged. On the down, support lies at the 1.0650 level where a violation will aim at the 1.0600 level. A break of here will aim at the 1.0550 level. Conversely, on the upside, resistance comes

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EURUSD: Follows Through Lower On Price Weakness

EURUSD: With the pair following through lower on the back of its Tuesday losses on Wednesday, further decline is envisaged. On the down, support lies at the 1.0450 level where a violation will aim at the 1.0400 level. A break of here will aim at the 1.0350 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, on the upside,

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