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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,... read more
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... read more
EURUSD: The pair may have closed slightly higher on the weekly chart the past week but faces corrective pullback threats. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level. A break of here will aim at the 1.0400 level.... read more
Trading is difficult…at best. It’s not that trading is rocket science; the difficulty is due in large part to the negative and often painful emotions that are activated throughout the trading process. Emotionally laden personal issues that get in the way of trading... read more
EURUSD: The pair rejected higher prices to print a rejection candle on Friday. This development leaves risk lower in the new week on a possible price resumption. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level. A break of... read more
GOLD: The commodity continues to hold on to its broader downside pressure following a loss of up momentum on Tuesday. On the downside, support comes in at the 1,130.00 level where a break will turn attention to the 1,120.00 level. Further down, a cut through here will... read more
EURUSD: The pair continues to face downside pressure medium term as it looks to resume is its broader weakness presently on hold. On the down, support lies at the 1.0400 level where a violation will aim at the 1.0350 level. A break of here will aim at the 1.0300... read more
When someone has the same goals as you and they are achieving them consistently, you would do well to “imitate” their strategy because they are proving by their results that the strategy works. Of course, trading is no different. In fact, as a trader, one of the ways... read more
In the world of trading and investing you always hear about how the markets are constantly changing, and to some degree that’s true. However there is a certain fundamental truth about trading and investing that doesn’t change: the predictability of human behavior.... read more
GOLD: The commodity continues to hold on to its downside pressure as it looks to weaken further in the new week. On the downside, support comes in at the 1,120.00 level where a break will turn attention to the 1,110.00 level. Further down, a cut through here will open... read more
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