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EURUSD Weakens Further, Targets Key Support

EURUSD: EUR declined sharply on Wednesday and was seen weakening further during Thursday trading today. This development leaves the pair targeting its key support located at the 1.1128 level. Immediate 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 with a turn below that level targeting the

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AUDUSD: Broader Bias Remains Lower But With Caution

AUDUSD: AUDUSD may be biased to the downside but faces a recovery threat while holding above the 0.7037 level. However, we should see a move higher if the mentioned support remains unbroken. On the downside, support resides at the 0.7050 level where a breach will aim at the 0.7000 level. Below that level will set the stage for a run at the 0.6950

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GOLD Extends Corrective Weakness, Remains Bearish

GOLD: The commodity’s outlook remains lower after extending its corrective weakness on Tuesday. On the downside, support comes in at the 1,130.00 level where a break will aim at the 1,110.00 level. A cut through here will open the door for move lower towards the 1,100.00 level. Below here if seen could trigger further downside pressure towards the 1,080.00 level. Its daily RSI

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The Win Vs The Loss In Forex Trading – Part 2

Two weeks ago we looked at the varying aspects of how to handle risk like a professional in our Forex trading. This week I would like to continue the theme of risk management further by looking into some of the less talked about aspects of controlling our risk in market speculation. Of course, maintaining a consistent reward to risk ration of at least

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GBPJPY Recovers, Turns Higher On Price Reversal

GBPJPY: GBPJPY may have turned sharply lower on Monday but it now sees a reversal of that weakness with eyes on the 192.25 level. This present recovery is driven by its failure to follow through lower on the back of its Monday losses. On the downside, support comes in at the 189.00 level where a violation will aim at the 188.00 level. A

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USDCAD Resumes Medium Term Uptrend

USDCAD: Having followed through higher on the back of its Friday gains, further bullishness is envisaged. In such a case, USDCAD will aim at the 1.3350 level where a break will target the 1.3400 level. Further out, resistance comes in at the 1.3450 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.3500 level.

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GBPUSD: Reinforces Its Bullish Offensive

GBPUSD: GBP continues to face upside pressure following its corrective recovery bullish offensive. With the pair trading above its cluster of resistance at the 1.5689/77 zone, more strength is envisaged. Further out, resistance resides at the 1.5800 level followed by the 1.5800 level. A turn above here will open the door for a run at the 15850 level. Its weekly RSI is bullish

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CRUDE OIL: Susceptible, Looks For Additional Weakness

CRUDE OIL: The commodity weakened further the past week leaving risk of more decline on the cards. Resistance is located at the 41.00 level where a break will expose the 42.00 level. A break below here will aim at the 43.00 level and then the 44.00 level. Above here if seen will open the door for a run at the 45.00 level. Its

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