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GOLD: Looks To Trigger Recovery

GOLD: While the commodity may have closed higher the past week, a recovery higher could occur in the new week (see daily chart). As long as it trades and holds above the 1,162.63 & 1,156.98 levels, immediate risk remains higher. Support comes in at the 1,160.00 level where a break will aim at the 1,150.00 level. A

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EURUSD: Closes Higher With Caution

EURUSD: Though EUR closed higher the past week, it gave back most of those gains suggesting a move lower may occur in the new week. Resistance is seen at the 1.1250 level with a cut through here opening the door for more upside towards the 1.1300 level. Further up, resistance lies at the 1.1350 level where a break will

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USDCHF: Loses Upside Momentum, Vulnerable

USDCHF: Having closed almost flat the past week following its two-day weakness, risk of further decline cannot be ruled out. On the downside, support comes in at the 0.9300 level. A turn below here will open the door for more weakness to occur towards the 0.9250 level and then the 0.9200 level. A cut through here will

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What Is Rollover In The Forex Market?

First of all, let’s define what “rollover” is, and as usual, we’ll use Investopedia.com to get started. Free Trading WorkshopRollover – Move a forex position to the following delivery date, in which case the rollover incurs a charge. The forex fee arises from the difference in interest rates between the two currencies

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EURJPY: Remains Vulnerable To The Downside

EURJPY- The cross continues to face downside pressure leaving risk of more weakness to occur. On the downside, support comes in at the 136.00 level where a break will aim at the 135.50 level. A turn below here will target the 135.00 level with a breach turning focus to the 134.50 level. On the upside, resistance lies a

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Increasing Odds For Trading Success

A critical skill for any trader or investor is to be able to determine the chances of whether a supply or demand zone is likely to hold or break. If we buy or sell at the wrong time, we give up the opportunity to make greater profits, or worse, we lose money. We cannot control the direction of the markets or individual

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Battling The Demons of Fear And Greed In Trading

For the subject of this week’s article, I thought that I would take the time to explore the thought process behind most trading decisions we make during our FX speculating. As you may already know if you have read previous articles written by myself or my colleagues, we all drive home the importance of formulating and

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AUDUSD: Weakens, Targets The 0.7550 Level

AUDUSD: With the pair continuing to weaken, it looks to target the 0.7550 level. AUDUSD is on a second day of decline following its loss of upside momentum on Wednesday. On the downside, support lies at the 0.7550 level. A cut through here will turn attention to the 0.7500 level and then the 0.7450 level where a violat

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