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CRUDE OIL: Triggers Correction, Eyes More Strengthen

CRUDE OIL: With the commodity closing higher on further correction on Wednesday, it faces further upside pressure. On the downside, support lies at the 48.00 level where a break will expose the 47.00 level. A break will aim at the 46.00 level and then the 45.00 level. Below here will open the door for a run at the 44.0

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GBPUSD: Outlook Remains Higher On Corrective Recovery

GBPUSD: Having continued to hold on to its recovery bias by extending its strength during Wednesday trading session, further move higher is expected. On the upside, resistance resides at the 1.5700 level with a break aiming at the 1.5750 level. A violation will aim at the 1.5800 level and possibly higher towards the 1.

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Trading: What Are You Willing To Risk

So what is the hardest aspect of trading and investing? Some would say that the constant challenge of never really knowing if the market will rise of fall is tough. Others would suggest that guessing when the best time to take profits is their biggest hurdle. Let’s face it, we all see things in different ways and it is

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GBPJPY: Triggers Recovery, Eyes More Upside.

GBPJPY: Outlook for the cross remains higher having triggered a strong recovery on Tuesday. We look for more strength to occur towards the 194.00 level. On the upside, resistance lies at the 195.00 level followed by the 196.00 level where a break will aim at the 197.00 level. A cut through here will aim at the 198.00 l

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Unsatisfactory Trading Profits… Then Change Something

Change can be difficult, even when you want to change. Why is it so hard to do what you say you want to do; and not do what you say you don’t want to do? Firstly, humans are creatures of habit. Doing the same thing in the same ways fosters a level of familiarity and comfort…even the habits that are not in your best int

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USDJPY: Weakens Further On Correction

USDJPY: With USDJPY weakening further on correction on Monday, further downside pressure is envisaged. On the upside, resistance resides at the 124.00 level with a turn above here aiming at the 124.50 level. A break will target the 125.00 level. Further out, resistance comes in at the 125.50 level where a violation wil

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GOLD: Looks To Recover Higher

GOLD: Outlook for GOLD may remain biased to the downside in the medium term, but it faces a recovery higher threat. Support comes in at the 1,069.46 level where a break will aim at the 1,050.00 level. A cut through here will open the door for move lower towards the 1,030.00 level. Below here if seen could trigger furth

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EURUSD: Biased To Upside On Recovery

EURUSD: Having EUR taken back most of its previous week losses to close higher the past week, we could see more recovery occurring. This development leaves risk higher in the new week though with caution. Support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.

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