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GOLD Eyes More Bear Pressure, Targets 1064.23

GOLD: Having remained weak and vulnerable, GOLD eyes more bear pressure. It looks to move lower towards its key support located at the 1064.23 level. Price hesitation or a recovery may occur ahead or at that level if it remains unbroken. On the upside, resistance resides at the 1081.00 level where a break will aim at the 1090.00 level. A turn above there

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EURUSD Consolidates With Corrective Risk Building Up

EURUSD consolidates with corrective risk building up following a halt in its broader weakness on Wednesday. This is coming on the back of its long-tailed candle formation at the end of Wednesday trading session. This development suggests a temporary bottom may be in place. If this occurs expect more recovery higher with eyes the 1.0699. A cut through here will open the door for

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GBPUSD Targets Further Price Build Up

GBPUSD: GBPUSD targets further price build up following its temporary bottom on Wednesday. It looks to extend its recovery towards the 1.5196/99 zone. On the downside, support lies at the 1.5100 level where a break will turn attention to the 1.5050 level. Further down, support stands at the 1.5000 level. Below here will set the stage for more weakness towards the 1.4950 level.

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How To Maintain Discipline In Trading And Life

In this week’s article, we are focusing on how to maintain discipline in trading and  life. It may seem a bit premature to begin talking about the holiday season and the end of another year, but before you know it they will be upon us. With that in mind, it’s time to reflect on what has transpired both in our trading and personal

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NZDUSD Targets Further Strength On Correction

NZDUSD: With the pair reversing its Monday losses to close higher on Tuesday, NZDUSD targets further strength. This view is in line with its loss of downside momentum on the weekly chart the past week. Support lies at the 0.6500 level where a break will aim at the 0.6450 level. Further down, the 0.6400 level comes in as the next downside target. Its

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USDCAD Outlook Lower Towards 1.3446-24 Zone

USDCAD: The pair declined on Tuesday after triggering a corrective pullback leaving USDCAD outlook lower towards 1.3446/35 zone risk. On the downside, support lies at the 1.3250 level followed by the 1.3200 level. Further down, support stands at the 1.3150 level and then the 1.3100 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at

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How To Break Bad Trading Habits

In the this article we will be looking at how to break bad trading habits. Change is one of the ironic constants of the Universe. In other words, the one thing that doesn’t change is the fact that everything changes. As time proceeds, even if you aren’t paying attention you will notice that everything must change and nothing stays the same; the young

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USDJPY Remains Weak And Vulnerable On Corrective Pullback

USDJPY: Having taken back all of its intra day gains to close flat on Monday and triggering a corrective weakness on Tuesday, USDJPY remains weak and vulnerable on pullback in the days ahead. On the downside, support comes in at the 122.00 level where a break if seen will aim at the 121.50 level. A cut through here will turn focus to the

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