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AUDUSD Recovers Higher, Sets Up To Extend Strength

AUDUSD: The pair rallied strongly on Tuesday leaving risk of more strength on the cards. This is coming on the back of its recent corrective recovery offensive triggered from the 0.6936 level, its Sept 29 2015 low. On the downside, support resides at the 0.7100 level where a breach will aim at the 0.7050 level. Below that level will set the stage for

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What Does Your Trading Environment Sound Like?

OK…So, you’re in a trade and you hear a loud voice that sounds suspiciously like your mother say, “… No, don’t do that, you’ll lose!” But, even though the voice resonates in your head, this is in fact the only place that it can be heard; because it’s coming from you. Thoughts are part and parcel to the trading process. There are mechanical

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EURUSD: Broader Outlook Lower Below The 1.1288/1.1318 Zone

EURUSD: With EUR taking back all of its intra day gains to close lower on Monday, further weakness is now envisaged. Despite its current price hesitation, its broader outlook remains lower as long as it holds below the 1.1288/1.1318 zone. On the downside, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will

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EURJPY: Bear Pressure Builds Up On Price Failure

EURJPY: The cross closed on a rejection candle after a failed intra day attempts on the upside. We now look for EURJPY to decline further. This view remains valid as long as it holds and trades below the 135.71/136.33 zone. Resistance is seen at the 135.50 level where a break will turn attention to the 136.00 level. Further out, resistance lies at the

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EURGBP: Risk Remains Lower Below The 0.7421/42 Zone

EURGBP- With the cross turning off the 0.7442 level the past week to close slightly higher on rejection candle, further downside pressure is envisaged. It gave up its intra day gains to close flat on Monday leaving risk of further move lower. This view remains valid below the mentioned resistance zone. On the upside, resistance lies at the 0.7400 level where a violation

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GBPUSD Sees Bear Threats, Targets The 1.5166/33 Zone

GBPUSD: GBP faces downside pressure following its rejection candle print on Friday. This was formed after unsustained rally and the pair looks to weaken further having given away most of its intra day gains during Monday trading session. It looks to take out the 1.5166/33 zone, its strong support. If this occurs, further weakness is likely towards the 1.5100 level. A break of

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EURUSD: Vulnerable Below The 1.1295/1.1318 Zone

EURUSD: Having EUR taken back almost all of its past week gains to close slightly lower, risk of a follow through to the downside is now developing. While the 1.1295/80 zone holds as overhead resistance, we look for weakness to occur. Support lies at the 1.1150 level where a violation will aim at the 1.1086 level. A break of here will aim at

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USDCHF Fails To Follow Through On Strength, Weakens

USDCHF: The pair failed to follow through higher on the back of its previous week strength to close lower on Friday. This leaves risk of more weakness on the cards in the new week. On the downside, support comes in at the 0.9644 level. A turn below here will open the door for more weakness to occur towards the 0.9600 level and then

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