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EURUSD: Weakens With Eyes On 1.1100 Zone

EURUSD: The pair remains weak and vulnerable to the downside selling off on Friday and leaving risk lower towards the 1.1100 zone. Support lies at the 1.1050 level. Further down, support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will aim at the 1.0900 level. Its daily RSI is bearish and pointing lower

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GBPUSD: Retains Its Broader Bias With Eyes On 1.2914 Zone

GBPUSD: The pair continues to threaten further downside pressure after losing upside momentum on Thursday. On the downside, support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. Conversely, resistance stands at the 1.3000 levels with

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GOLD: Weakens, Targets Further Weakness

GOLD: The commodity looks to extend its weakness following its two-day corrective weakness. 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 1,280.00

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How To Set Your Trading Goals (And Achieve Them)

The number one goal-setting mistake traders make is setting goals related to money. Active traders will often tell me that they have a goal of making X-dollars a day or X-points a day. That’s just not a good way to structure a goal. Trading Goals Related to Money What happens when the market trades in a very narrow range? Typically, price movement will

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USDCHF: Weakens Further, Eyes Key Psycho Level

USDCHF: The pair declined further on Monday leaving risk lower in the new week. 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 0.9700 level

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How To Get Frustrated In Trading (And How You Can Fix It)

Becoming frustrated challenges every trader. Trading psychology can help traders handle the many frustrations of trading. Feeling frustrated is just another way of saying that we don’t like what the market is offering us. When things don’t go our way, it’s natural to get frustrated. But like so many things in life, it is how we respond to frustrating events that can make

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GOLD: Looks To Pullback On Correction

GOLD: With the commodity still trading below its key resistance we envisage a move lower in the new week. On the downside, support comes in at the 1,330.00 level where a break will turn attention to the 1,320.00 level. Further down, a cut through here will open the door for a move lower towards the 1,310.00 level. Below here if seen could trigger

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