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AUDUSD: Rally Warns Of 0.8000 Retest

AUDUSD: With the pair turning off its intra day low at 0.7785 level to strengthen strongly on a rally today, risk could be building for a retest of the 0.8000 level. On the downside, support resides at the 0.7900 level where a breach will aim at the 0.7850 level. Below that level will set the stage for a run at the 0.7

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EURJPY: Weakens, Eyes Further Downside

EURJPY- Having triggered a corrective pullback, further weakness is envisaged. This is coming on the back of price pullbacks on the lower level charts on Friday and a long tailed candle formation. Resistance lies at the 134.50 level. Further out, resistance resides at the 135.00 level where a break if seen will threate

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Goals Are Essential To Becoming A Consistent Winner

Monica couldn’t believe it. “What went wrong?” she sputtered. Everything seemed to be lined up. The price action had taken off in a Maribuzo green candle. “It looked so good,” she thought. Monica sat staring into space as she recounted how she had lost much more money than she had originally risked. It all started with

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USDJPY: Retains Broader Upside Bias

USDJPY: Unless the pair retains below the 118.48/32 support zone, it continues to retain its broader upside bias in the medium term. On the upside, resistance resides at the 120.83 level with a turn above here aiming at the 122.00 level. A break will target the 122.50 level. Further out, resistance comes in at the 123.

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GOLD: Vulnerable, Takes Back Gains

GOLD: Although GOLD remains biased to the downside short term, it will have to break and hold below the 1178.39/the 1,174.85 zone to convince the market of further weakness. As long as the mentioned supports hold, we think the commodity should recover higher. Support comes in at the 1,170.00 level where a break will ai

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EURUSD: Bullish With Caution

EURUSD: Although EUR may be biased to the upside on the weekly chart, its price action on the daily chart is suggestive of a move lower on correction in the new week. This development leaves risk lower in the new week. Resistance is seen at the 1.1289 level with a cut through here opening the door for more downside tow

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USDCHF: Sells Off On Loss Of Upside Momentum

USDCHF: Having USDCHF declined strongly the past week, it could extend that weakness in the new week. On the downside, support comes in at the 0.9250 level. A turn below here will open the door for more weakness to occur towards the 0.9200 level and then the 0.9150 level. A cut through here will open the door for addit

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GBPJPY: Loses Upside Momentum, Weakens

GBPJPY: Having capped at the 184.45 level to tumble lower during Friday trading session, GBPJPY faces further pullback risk. On the downside, support comes in at the 182.00 level where a violation will aim at the 181.00 level. A break below here will target the 180.00 level followed by the 179.00 level. Further down, s

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