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EURUSD Faces Bear Threats

EURUSD: Although holding on to its upside offensive, its loss of upside momentum is suggestive of a return to the downside. Support lies at the 1.1250 level. Further down, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100 level. Its daily RSI is bullish and pointing higher suggesting

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USDCHF Targets Support At The 0.9600 Zone

USDCHF: Having continued to maintain its downside pressure selling off on Thursday, USDCHF targets support at the 0.9600 zone. This is coming on the back of its intra day price reversal on Wednesday. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. Its

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EURUSD: Faces Further Bullish Offensive Short Term

EURUSD: Having taken back all of its intra day losses to close flat on Wednesday and following through higher during Thursday trading session , EURUSD faces further bullish offensive short term. Support lies at the 1.1250 level. Further down, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100

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GBPUSD Aims At 1.4591 Zone On Bullishness.

GBPUSD: Having halted its weakness to close higher on Tuesday and followed through higher on Wednesday, GBPUSD aims at 1.4591 zone on bullishness. Support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level. Below here will set the stage for more weakness towards the 1.4300 level. On the upside,

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How To Hone Your Trading Talents With Hard Work and Skill Building

“Talent is cheaper than table salt. What separates the talented individual from the successful one is a lot of hard work.”― Stephen King In the world of sports, talent is a great thing to have. It often sets the tone for an awesome career, but only if you also work hard. You’ll often hear sports announcers commenting on the “athletic ability” or the

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EURJPY Looks To Put In Temporary Bottom

EURJPY: With price rejection now seen, the pair looks to put in temporary bottom. Unless the pair returns below the 128.26 level, we think a corrective recovery should occur. On the downside, support comes in at the 129.00 level where a break will aim at the 128.50 level. A turn below here will target the 128.00 level with a breach turning focus to

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USDJPY Sees Further Price Extension

USDJPY: The pair sold off further on Monday and followed through lower during early trading on Tuesday. This development leaves risk of more weakness on the cards. However, beware of a correction. On the downside, support comes in at the 115.00 level where a break if seen will aim at the 114.50 level. A cut through here will turn focus to the 114.00

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GBPUSD Looks To Weaken More On Bearishness

GBPUSD: Having declined on further weakness during Monday trading session, GBPUSD looks to weaken more on bearishness. On the downside, support lies at the 1.4350 level where a break will turn attention to the 1.4300 level. Further down, support lies at the 1.4250 level. Below here will set the stage for more weakness towards the 1.4200 level. Its daily RSI is bearish and

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