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GOLD: Declines Sharply On Sell Off

GOLD: GOLD closed lower the past week leaving risk of a move lower on the cards. Support comes in at the 1,200.00 level where a break will aim at the 1,190.00 level. A cut through here will open the door for move lower towards the 1,180.00 level. Below here if seen could trigger further downside pressure towards the 1,

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EURUSD: Reverses Gain, Eyes More Weakness

EURUSD: With EUR reversing its previous week gains to lower on a sell, further weakness is envisaged. Resistance is seen at the 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose the 1.1200 level. Conv

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USDCHF: Reverses Losses, Targets Further Upside

USDCHF: With the pair closing higher for the week, it now targets further upside pressure. Resistance resides at the 0.9500 level with a breach targeting the 0.9600 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9600 level. Conversely, on the downside, supp

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USDCAD: Strengthens, Eyes Further Upside

USDCAD: With EUR seen strengthening, more bullishness is likely as it eyes further upside. Its now eyes the 1.2300 level. On the upside, resistance is seen at the 1.2350 level followed by the 1.2400 level. Further out, resistance comes in at the 1.2450 level where a turn lower may occur. But if further recovery is trig

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The Three D’s to Getting Your Trading Back on Track

Trade losses: Have you ever sailed along in your trading for weeks doing everything right and then one day it happens…a fog descends around you and you lose all touch with reality; and before you know it you’re trading like a wild person smashing rules like cars in a demolition derby?!? And when it’s all over, you take

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EURJPY: Builds Up On Strength

EURJPY- Having closed higher on Wednesday and followed through on Thursday, the cross looks to build up on strength. This development should see the cross target the 135.57 level initially. On the other hand, resistance lies at the 136.00 level where a break will aim at the 136.50 level where a break if seen will threa

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GBPJPY: Reverse Losses, Eyes Further Upside

GBPJPY: With GBPJPY reversing its one-day corrective weakness, it now faces further upside risk in the days ahead. This development leaves the threat of a move higher in the days ahead. On the downside, support comes in at the 188.00 level where a violation will aim at the 187.00 level. A break below here will target t

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Embrace Trading Challenges

Trading is difficult…at best. It’s not that trading is rocket science; the difficulty is due in large part to the negative and often painful emotions that are activated throughout the trading process. Emotionally laden personal issues that get in the way of trading cause consternation and inner turmoil in traders all a

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