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GOLD: Remains Biased To The Upside On Correction

GOLD: The commodity closed higher the past week leaving risk higher. On the downside, support comes in at the 1,250.00 level where a break will turn attention to the 1,240.00 level. Further down, a cut through here will open the door for a move lower towards the 1,230.00 level. Below here if seen could trigger further downside pressure targeting the 1,220.00 level. Conversely,

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How To Develop A Positive Trader Trance

Have you ever emerged from a trading session in a fog and found yourself looking over the trading carnage of violated rule after violated rule and heard yourself say, “Who made those trades?” And, as the fog lifted, it became clear that you had been trading like a crazy person? It was like someone or something had control of your mouse and you

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CRUDE OIL: Risk Turns Higher On Trend Resumption

CRUDE OIL: With the commodity threatening further upside, more strength is likely in the days ahead. On the downside, support resides at the 48.00 level where a break will expose the 47.50 level. A cut through here will set the stage for a run at the 47.00 level. Further down, support resides at the 46.50 level. On the upside, resistance resides at the

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GOLD: Hesitates, Closes Higher

GOLD: The commodity halted its weakness to close higher the past week. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,190.00 level.

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USDCHF: Upside Pressure Remains Valid On Bull Threats

USDCHF: With the pair retaining its upside pressure by closing higher the past week, more strength is likely. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. On the upside, resistance resides at the 1.0050 level where a break will clear the way

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CRUDE OIL: Extends Bullish Offensive On Correction

CRUDE OIL: With the commodity continuing to retain its recovery threats to close higher on Wednesday, more strength is expected in the days ahead. On the downside, support resides at the 47.00 level where a break will expose the 46.50 level. A cut through here will set the stage for a run at the 46.00 level. Further down, support resides at the 45.50

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How To Avoid The Trap Of The Demo Trading Account

One of the biggest advantages of the Global Currency market is that it is very easy for traders of all levels to open a simulated trading account with great ease. Brokers in asset classes like Equites, Options and Futures make it much harder to open demo trading accounts without funding a live account first and some don’t even offer a simulator at all.

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CRUDE OIL: Halts Weakness, Eyes Higher Prices

CRUDE OIL: With the commodity halting its weakness to close higher on a rejection candle on Friday, further bullishness is likely. On the downside, support resides at the 46.00 level where a break will expose the 45.50 level. A cut through here will set the stage for a run at the 45.00 level. Further down, support resides at the 44.50 level. On the

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