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USDCAD Outlook Lower Towards 1.3446-24 Zone

USDCAD: The pair declined on Tuesday after triggering a corrective pullback leaving USDCAD outlook lower towards 1.3446/35 zone risk. On the downside, support lies at the 1.3250 level followed by the 1.3200 level. Further down, support stands at the 1.3150 level and then the 1.3100 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at

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How To Break Bad Trading Habits

In the this article we will be looking at how to break bad trading habits. Change is one of the ironic constants of the Universe. In other words, the one thing that doesn’t change is the fact that everything changes. As time proceeds, even if you aren’t paying attention you will notice that everything must change and nothing stays the same; the young

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USDJPY Remains Weak And Vulnerable On Corrective Pullback

USDJPY: Having taken back all of its intra day gains to close flat on Monday and triggering a corrective weakness on Tuesday, USDJPY remains weak and vulnerable on pullback in the days ahead. On the downside, support comes in at the 122.00 level where a break if seen will aim at the 121.50 level. A cut through here will turn focus to the

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EURUSD Corrective Recovery Risk Builds Up

EURUSD: Having rejected lower prices to close flat on Monday, EURUSD corrective recovery risk is now expected. This is coming on the back of the pair’s past week losses. We expect a recovery higher to build up in the days ahead. On the downside, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here

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GBPUSD Declines With Eyes On 1.5026 Zone

GBPUSD: Having extended its weakness during Monday trading session, risk remains lower as GBPUSD declines with eyes on 1.5026 zone  This is consistent with its downside pressure triggered off the 1.5309 level, its Nov 20 2015 high. Support lies at the 1.5100 level where a break will turn attention to the 1.5050 level. Further down, support lies at the 1.5000 level. Below here

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GOLD Looks To Weaken On Bearishness

GOLD: GOLD looks to weaken on bearishness following its past week losses. While the 1088/98 zone remains unbroken, its broader bias remains lower. On the downside, support comes in at the 1070.00 level where a break will turn attention to the 1060.00 level. Further down, a cut through here will open the door for a move lower towards the 1045.00 level. Below here

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EURUSD Maintains Bear Pressure

EURUSD: With the pair failing to follow through higher on the back of its previous gains the past week, further bear pressure is likely in the new week. This development now leaves EUR eyeing its key support located at the 1.0519 level. However, immediate risk comes in at 1.0600 level where a break will expose the 1.0550 level. Further, support is located at

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How Fear Of Success Can Derail Your Trading

In this article you will learn how fear of success can affect your trading results. Jason felt like a deer caught in headlights. The unnerving thing about it was that he had been down this road before. He would identify a demand zone on the 60-minute chart where the price action was pulling back to retest this zone. A 5-minute time frame would

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