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Trading: What Are You Willing To Risk

So what is the hardest aspect of trading and investing? Some would say that the constant challenge of never really knowing if the market will rise of fall is tough. Others would suggest that guessing when the best time to take profits is their biggest hurdle. Let’s face it, we all see things in different ways and it is

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GBPJPY: Triggers Recovery, Eyes More Upside.

GBPJPY: Outlook for the cross remains higher having triggered a strong recovery on Tuesday. We look for more strength to occur towards the 194.00 level. On the upside, resistance lies at the 195.00 level followed by the 196.00 level where a break will aim at the 197.00 level. A cut through here will aim at the 198.00 l

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Unsatisfactory Trading Profits… Then Change Something

Change can be difficult, even when you want to change. Why is it so hard to do what you say you want to do; and not do what you say you don’t want to do? Firstly, humans are creatures of habit. Doing the same thing in the same ways fosters a level of familiarity and comfort…even the habits that are not in your best int

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USDJPY: Weakens Further On Correction

USDJPY: With USDJPY weakening further on correction on Monday, further downside pressure is envisaged. On the upside, resistance resides at the 124.00 level with a turn above here aiming at the 124.50 level. A break will target the 125.00 level. Further out, resistance comes in at the 125.50 level where a violation wil

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GOLD: Looks To Recover Higher

GOLD: Outlook for GOLD may remain biased to the downside in the medium term, but it faces a recovery higher threat. Support comes in at the 1,069.46 level where a break will aim at the 1,050.00 level. A cut through here will open the door for move lower towards the 1,030.00 level. Below here if seen could trigger furth

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EURUSD: Biased To Upside On Recovery

EURUSD: Having EUR taken back most of its previous week losses to close higher the past week, we could see more recovery occurring. This development leaves risk higher in the new week though with caution. Support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.

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USDCHF: Retains Recovery Risk

USDCHF: With the pair taking back almost all of its past week losses to close marginally higher, it faces the risk of a move higher in the new week. On the downside, support comes in at the 0.9550 level. A turn below here will open the door for more weakness to occur towards the 0.9500 level and then the 0.9450 level.

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AUDUSD: Weakens On Trend Resumption

AUDUSD: Having continued to maintain its broader downtrend, further bearishness is envisaged. On the downside, support resides at the 0.7250 level where a breach will aim at the 0.7200 level. Below that level will set the stage for a run at the 0.7150 level with a cut through here targeting further downside towards the

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