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EURUSD: Vulnerable Below The 1.1295/1.1318 Zone

EURUSD: Having EUR taken back almost all of its past week gains to close slightly lower, risk of a follow through to the downside is now developing. While the 1.1295/80 zone holds as overhead resistance, we look for weakness to occur. Support lies at the 1.1150 level where a violation will aim at the 1.1086 level. A break of here will aim at

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USDCHF Fails To Follow Through On Strength, Weakens

USDCHF: The pair failed to follow through higher on the back of its previous week strength to close lower on Friday. This leaves risk of more weakness on the cards in the new week. On the downside, support comes in at the 0.9644 level. A turn below here will open the door for more weakness to occur towards the 0.9600 level and then

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AUDUSD: Upside Price Rejection Leaves Risk Lower

AUDUSD: The pair rejected upside offensive to close marginally higher on a rejection candle on Thursday. It is now seen following through lower on bear pressure. On the downside, support resides at the 0.6950 level where a breach will aim at the 0.6900 level. Below that level will set the stage for a run at the 0.6850 level with a cut through here

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GBPUSD Looks To Overcome Key Support

GBPUSD: GBP will have to break and hold below its support located at the 1.5133 level to trigger further weakness. That level continues to hold as support for almost the whole week. Support comes in at 1.5100 level with a follow-through lower seeing it targeting more weakness towards the 1.5050 level. A break if seen will aim at the 1.5000 level followed with

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EURGBP Rolls Over On Loss Of Bullish Momentum

EURGBP: With the cross turning lower off its key resistance at 0.7421 level to close lower on Wednesday, further weakness is now seen. As long as the 0.7421/36 zone remains unbroken, you should see the pair weakening in the days ahead. On the upside, resistance lies at the 0.7400 level where a violation if seen will turn risk towards the 0.7450 level. On

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USDCAD Drops Lower On Corrective Weakness

USDCAD: USDCAD sold off strongly on Wednesday leaving risk of further decline on the cards. With that said, we look for more weakness to occur in the days ahead. On the downside, support lies at the 1.3250 level followed by the 1.3200 level. Further down, support resides at the 1.3150 level and then the 1.3100 level. Its daily RSI is bearish and pointing

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Gratitude Can Help You Trade With Confidence

There’s a song that you may know…it begins something like this: “When I am worried and I can’t sleep, I count my blessings instead of sheep and I fall asleep counting my blessings,” by Ray Wylie Hubbard. It’s been sung by many artists over the years and it is revered as a sure-fire way to bring you out of the dumps and into

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AUDUSD Triggers Corrective Recovery, Trades Above 0.6938/36 Zone

AUDUSD: The pair has triggered a recovery higher following a rejection of downside prices with two long-tailed candles on Sept 24/29 2015. This suggests a temporary bottom is now in place. While the 0.6938/36 zone remains as supports, we are likely to see further move higher. On the downside, support resides at the 0.6950 level where a breach will aim at the 0.6900

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