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EURJPY Extends Recovery Pressure Towards 130.49 Zone

EURJPY extends recovery pressure with eyes on the 130.49 resistance zone. This is coming on the back its price reversal on Friday. Support comes in at the 129.50 level where a break if seen will aim at the 129.00 level. A cut through here will turn focus to the 128.50...

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GOLD Faces Consolidation Threats On Price Halt

GOLD faces consolidation threats following a price halt on Friday. On the downside, support comes in at the 1,215.00 level where a break will turn attention to the 1,205.00 level. Further down, a cut through here will open the door for a move lower towards the...

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Why It Is Dangerous To Be A Greedy Trader

While there are three parts to every trade, the greedy trader pretends not to know. The three part parts are the stop loss, the entry, and the profit target. You should know all three parts of the trade in advance be placing the actual trade. This helps to keep us...

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GBPUSD Upside Momentum Halts , Eyes 1.3082 Zone

GBPUSD upside momentum was halted during Wednesday trading session. It now eyes its support located at 1.3082 level. Further down, support comes in at the 1.3050 level where a break will turn focus to the 1.3000 level. Further down, support lies at the 1.2950 level....

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USDCAD Remains Vulnerable Towards 1.2926/00 Zone

USDCAD remains vulnerable towards 1.2926/00 zone as it retains its pullback pressure. Support lies at the 1.2900 level where a break will aim at the 1.2850 level. Further down, support comes in at the 1.2800 level where a turn lower may occur. But if further weakness...

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GOLD Eyes Further Strength Towards 1,235.00 Zone

GOLD eyes further strength short term as it looks for strength. 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...

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