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EURUSD Faces Pullback Threats On Loss Of Momentum

EURUSD: Although holding on to its upside offensive, EURUSD faces pullback threats on loss of momentum at the end of the week. On the downside, support is located at the 1.1200 level and if violated, expect more weakness to happen towards the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break

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EURGBP Bull Momentum Stalls Ahead Of 0.8000

EURGBP- Although the cross remains biased to the upside, it faces a move lower on correction on loss of upside momentum. However, with a loss of upside momentum seen on Friday (see daily chart) Support comes in at 0.7700 level. Further down, support lies at the 0.7650 level where a violation will turn focus to the 0.7500 level. A break will expose the

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Are You Asking The Right Questions?

The focus of this week’s article is on asking the right questions. As a trader, I have come across thousands of traders during the past 20 years. I can honestly say that I have never met or seen one trader be able to sit down in front of a screen each morning without a trading plan, look at a few charts, start trading

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GBPUSD Strengthens On Corrective Recovery With Eyes On 1.4600

GBPUSD: Having the pair rejected lower prices on Thursday and was seen strengthen during Friday trading session today, it looks to strengthen further. Support lies at the 1.4500 level where a break will turn attention to the 1.4450 level. Further down, support lies at the 1.4400 level. Below here will set the stage for more weakness towards the 1.4350 level. On the upside,

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EURUSD Faces Bear Threats

EURUSD: Although holding on to its upside offensive, its loss of upside momentum is suggestive of a return to the downside. Support lies at the 1.1250 level. Further down, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100 level. Its daily RSI is bullish and pointing higher suggesting

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USDCHF Targets Support At The 0.9600 Zone

USDCHF: Having continued to maintain its downside pressure selling off on Thursday, USDCHF targets support at the 0.9600 zone. This is coming on the back of its intra day price reversal on Wednesday. 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

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EURUSD: Faces Further Bullish Offensive Short Term

EURUSD: Having taken back all of its intra day losses to close flat on Wednesday and following through higher during Thursday trading session , EURUSD faces further bullish offensive short term. Support lies at the 1.1250 level. Further down, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100

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GBPUSD Aims At 1.4591 Zone On Bullishness.

GBPUSD: Having halted its weakness to close higher on Tuesday and followed through higher on Wednesday, GBPUSD aims at 1.4591 zone on bullishness. Support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level. Below here will set the stage for more weakness towards the 1.4300 level. On the upside,

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