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EURUSD: Looks To Pullback Ahead Of Key Resistance

EURUSD: With EUR pulling back (see daily chart) ahead of its key resistance following its rally above its declining trendline the past week, EURUSD looks to pullback ahead of key resistance. On the downside, support is located at the 1.1100 level and if violated, expect more weakness to happen towards the 1.1050 level. Further down, support lies at the 1.1000 level where a

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EURGBP: Recovering With Caution Ahead Of Key Resistance

EURGBP- With the cross closing strongly higher the past week, further bullishness is likely. However, with price hesitation seen on Friday (daily chart) ahead of its key resistance at 0.7741/55 zone, it should face pullback threats in the new week. Support comes in at 0.7640 level. Further down, support lies at the 0.7600 level where a violation will turn focus to the 0.7550

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Train Your Mind To Power Your Trade For You

This week’s article focuses on how you can train your mind to power your trade for you. One of the things that comes up often from books and market gurus is the notion that a trader must become a robot. Perhaps you’ve come across this adage as well. Unfortunately, it is not true nor is it possible. When you think of robots, what

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Trade Of The Week: GOLD

See below how our GOLD trade idea sent out ahead of the London session on Thursday performed. This trade was profitable for our paid subscribers who took it. See our commentary and charts below. GOLD Strengthens On Further Bullish Offensive GOLD: With the commodity breaking and holding above the 1129.00 zone on Wednesday, further bullishness is likely. On the downside, support comes in at

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GBPUSD Weakens On Loses Upside Momentum

GBPUSD: Having failed to sustain its intra day gains to close flat on Thursday and followed through lower during early Friday trading, further bearishness is envisaged. Support lies at the 1.4500 level where a break will turn attention to the 1.4450 level. Further down, support lies at the 1.4400 level. Below here will set the stage for more weakness towards the 1.4350 level.

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EURUSD Looks For More Bullishness Short Term

EURUSD: Having continued to strengthen, EURUSD looks for more bullishness in the short term. On the downside, support lies at the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level. Conversely, on the upside, resistance comes in at 1.1250 level with a cut

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AUDUSD Extends Bullish Price Strength

AUDUSD rallied through its key resistance at the 0.7140 level on Wednesday and followed through higher on Thursday. This leaves risk of more strength on the cards. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through

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GOLD Strengthens On Further Bullish Offensive

GOLD: With the commodity breaking and holding above the 1129.00 zone on Wednesday, further bullishness is likely. On the downside, support comes in at the 1130.00 level where a break will turn attention to the 1120.00 level. Further down, a cut through here will open the door for a move lower towards the 1110.00 level. Below here if seen could trigger further downside

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