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GBPUSD: Halts Weakness, Faces Upside Pressure

GBPUSD: With the pair losing downside steam, the pair faces further bullishness. On the downside, support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. Conversely, resistance stands at the 1.3200 levels with a turn above

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GOLD Sees Bear Pressure On Corrective Weakness

GOLD: With the commodity continuing to face downside pressure, more weakness is envisaged. On the downside, support comes in at the 1,310.00 level where a break will turn attention to the 1,300.00 level. Further down, a cut through here will open the door for a move lower towards the 1,290.00 level. Below here if seen could trigger further downside pressure targeting the 1,1280.00

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EURUSD Looks To Extend Downside Pressure On Sell-Off

EURUSD: Having EURUSD sold off the past week, further downside pressure is expected. Support lies at the 1.1100 level. Further down, support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1.0950 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes

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GBPUSD: Loses Upside Momentum, Vulnerable

GBPUSD: Having the pair lost upside pressure to close lower on Thursday, more weakness is likely. On the downside, support lies at the 1.3150 level where a break will turn attention to the 1.3100 level. Further down, support lies at the 1.3050 level. Below here will set the stage for more weakness towards the 1.3000 level. Conversely, resistance stands at the 1.3250 levels

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USDCHF: Risk Continues To Point Higher On Correction

USDCHF: With the pair recovering strongly on Wednesday and retaining that bias, further bullishness is envisaged. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the

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How To Hold Your Trade Longer (And Make Huge Profits)

Does this sound familiar? You’re in a good high-probability long trade as born out by the Odds Enhancer calculations. The trade got filled and stalled for a moment before the price action began to drop. As it got close to the stop you thought, “It looks like it’s going to take me out, but that’s OK cause my stop is working.” Now, the

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How You Can Dispel Forex Trading Myths

After almost thirteen years of activity in the global financial markets, I still to this day believe that currency trading is by far one of the very best entry points into the world of trading for almost anyone who is interested. It is so versatile that it also lends itself to the more experienced investors and market speculators. This is a huge market

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