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USDCAD: Prints Negative Candle, Eyes Corrective Weakness.

USDCAD: Having capped its strength at the 1.2537 level to close lower on a rejection candle on Thursday, further corrective weakness is envisaged. This development now leaves the risk of a move lower on the cards. On the upside, resistance is seen at the 1.2537 level followed by the 1.2600 level. Further out, resistanc

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Improving Reward To Risk Ratio In The Forex Market

For those new traders reading this, a reward to risk ratio is the amount of profit we expect to take in a trade vs. the amount of risk or loss we are willing to take. I might be willing to take a trade with a $500 profit target, while risking $100. This would be a 5:1 reward to risk ratio. Whenever I hear someone say t

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GBPUSD: Sees Weakness, Eyes Key Support

GBPUSD: With the pair weakening further on Tuesday, further bearishness is envisaged possibly towards the 1.5290 level. On the downside, immediate support lies at the 1.5300 level where a break if seen will aim at the 1.5250 level. A break of here will turn attention to the 1.5200 level. Further down, support lies at t

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How To Survive A Trading Loss

Let’s face it, trading losses can be tough. No one likes losing money. As every trader will learn sooner or later, trading losses are a routine part of the game. Nevertheless, many traders find it difficult to accept inescapable trading losses. When We Can’t Accept A Loss It is the ability to accept the occ

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USDJPY: Bullish, Extends Strength

USDJPY: With the pair bullish and extending it during Tuesday trading session, it now faces a possible hold above its key resistance turned support at 122.02 level. However, you should keep an eye on that level. On the upside, resistance resides at the 123.00 level with a turn above here aiming at the 123.50 level. A b

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GBPUSD: Susceptible, Retains Bearish Bias

GBPUSD: GBP declined sharply below its key support at the 1.5551 level the past week leaving the risk of a move further lower in the new week. On the downside, support lies at the 1.5400 level where a break if seen will aim at the 1.5350 level. A break of here will turn attention to the 1.5300 level. Further down, supp

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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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