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EURUSD Looks To Retarget The 1.0519 Zone

EURUSD: With the pair closing slightly lower the past week, its broader risk points lower to the 1.0519 level. EURUSD looks to retarget the 1.0519 zone which is consistent with its long term downtrend bias. However, a recovery may occur especially now that is approaching its key supports. Support is located at the 1.0500 level and if violated, expect more weakness to occur

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USDCAD Ended The Week Slightly Higher

USDCAD: Having printed a rejection candle ahead of its key resistance located at 1.3435/56 zone, USDCAD ended the week slightly higher. This leaves risk of a pullback in the new week on continued price failure. Its key resistance standing at the 1.3435/56 levels comes in as the next upside target. Further out, resistance comes in at the 1.3500 level where a turn lower

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The Keys To Your Trading Success

For the subject of this week’s article, the keys to your trading success, 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 then

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Do You Sleep At Your Trading Desk?

The topic of our article this week, do you sleep at your trading desk? may not be familiar but a lot of traders experience it. Well, actually, in all likelihood you have never fallen asleep while trading…or have you? Many traders, along with countless people in all walks of life, are mentally, emotionally and physiologically impaired as a result of not getting enough

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GBPJPY Aims At Key Support On More Weakness

GBPJPY: Having continued to remain vulnerable GBPJPY aims at key support seen at the 183.86 level. This is consistent with its short term weakness triggered off the 188.80 level. On the downside, support comes in at the 184.00 level where a violation will aim at the 183.00 level. A break below here will target the 182.00 level followed by the 181.00 level. Its

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GOLD Eyes More Bear Pressure, Targets 1064.23

GOLD: Having remained weak and vulnerable, GOLD eyes more bear pressure. It looks to move lower towards its key support located at the 1064.23 level. Price hesitation or a recovery may occur ahead or at that level if it remains unbroken. On the upside, resistance resides at the 1081.00 level where a break will aim at the 1090.00 level. A turn above there

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EURUSD Consolidates With Corrective Risk Building Up

EURUSD consolidates with corrective risk building up following a halt in its broader weakness on Wednesday. This is coming on the back of its long-tailed candle formation at the end of Wednesday trading session. This development suggests a temporary bottom may be in place. If this occurs expect more recovery higher with eyes the 1.0699. A cut through here will open the door for

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GBPUSD Targets Further Price Build Up

GBPUSD: GBPUSD targets further price build up following its temporary bottom on Wednesday. It looks to extend its recovery towards the 1.5196/99 zone. On the downside, support lies at the 1.5100 level where a break will turn attention to the 1.5050 level. Further down, support stands at the 1.5000 level. Below here will set the stage for more weakness towards the 1.4950 level.

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