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GBPUSD: Consolidates With Downside Risk

GBPUSD: The pair continues to consolidate leaving directional move a challenge. However, it should head lower nearer term. Support lies at the 1.2400 level where a break will turn attention to the 1.2350 level. Further down, support lies at the 1.2300 level. Below here will set the stage for more weakness towards the 1.2250 level. Conversely, resistance stands at the 1.2500 levels with

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GOLD: Eyes Further Upside Pressure On Strength

GOLD: The commodity closed higher the past week leaving it to strengthen further on trend resumption. On the downside, support comes in at the 1,250.00 level where a break will turn attention to the 1,240.00 level. Further down, a cut through here will open the door for a move lower towards the 1,230.00 level. Below here if seen could trigger further downside pressure

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EURUSD: Risk Remains Lower Bear Pressure

EURUSD: With the pair following through lower the past week, further weakness is likely in the new week. On the upside, resistance comes in at 1.0600 level with a cut through here opening the door for more upside towards the 1.0650 level. Further up, resistance lies at the 1.0700 level where a break will expose the 1.0750 level. Conversely, support lies at the

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How To Make Patterns Of Thinking Work For You

Patterns are recurring sets of images, events, objects, forms, etc. When events or situations keep coming up, eventually you will recognize them as a pattern. Of course patterns can be either supportive or destructive to your performance. Patterns that occur in your thinking or behavior can also be referred to as programs. Programming happens throughout your life, but some of the most substantive

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How Your Trading Purpose Can Be The Key To Your Trading Success

Paulo breathed a heavy sigh as he thought about the next day’s preparation. He was still attempting to recover from today’s session, which was emotionally whipping him as my grandfather used to say, “like he stole something!” He felt fragmented and frustrated, and he knew that his research and preparation for tomorrow’s trading was crucial. Paulo also knew that his state of mind

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AUDUSD: Risk Points Higher On Trend Resumption

AUDUSD. The pair continues to retain its upside pressure as it looks to resume its medium term uptrend. On the downside, support resides at the 0.7650 level where a breach will aim at the 0.7600 level. Below that level will set the stage for a run at the 0.7550 level with a cut through here targeting further downside pressure towards the 0.7500 level.

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How Fun Can Destroy Your Trading

I can’t think of anyone who would not like to have a fun time full of raucous laughter; and that goes for traders. In fact, having fun is normally an objective for most individuals. It is a reason why people work so hard; that is, to have some time where they can relax without care and interact with family, friends or even strangers.

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EURUSD: Weakens, Extends Bear Pressure

EURUSD: With the pair continuing to weaken further on Wednesday, more decline is likely in the days ahead. On the upside, resistance comes in at 1.0550 level with a cut through here opening the door for more upside towards the 1.0600 level. Further up, resistance lies at the 1.0650 level where a break will expose the 1.0600 level. Conversely, support lies at the

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