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USDCHF: Halts Weakness, Threatens Recovery

USDCHF: With the pair weakening further on Thursday, more decline is likely. On the downside, support lies at the 0.9250 level. A turn below here will open the door for more weakness towards the 0.9200 level and then the 0.9150 level. On the upside, resistance resides at the 0.9300 level where a break will clear the way for more strength to occur towards

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USDJPY: Vulnerable But With Caution Of Correction

USDJPY: The pair may still be hold on to its broader downside pressure but faces risk of a correction higher. On the downside, support lies at the 105.50 level where a break if seen will aim at the 105.00 level. A cut through here will turn focus to the 104.50 level and possibly lower towards the 104.00 level. Its daily RSI is bearish

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GBPUSD: Bullish, Eyes Further Strength

GBPUSD: The pair was seen following through higher on the back of its Wednesday rally during Thursday trading session. Support lies at the 1.4000 level where a break will turn attention to the 1.3950 level. Further down, support lies at the 1.3900 level. Below here will set the stage for more weakness towards the 1.3850 level. Conversely, resistance stands at the 1.4100 levels

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GOLD: Threatening Further Upside Pressure

GOLD: The commodity saw price rally on Wednesday leaving risk higher. On the downside, support comes in at the 1,340.00 level where a break will turn attention to the 1,330.00 level. Further down, a cut through here will open the door for a move lower towards the 1,320.00 level. Below here if seen could trigger further downside pressure towards the 1,210.00 level. Conversely,

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EURGBP: Bullish, Eyes Further Upside Pressure

EURGBP- The pair continues to hold on to its upside pressure as it looks to breach the 0.8927 zone. Support lies at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8750 level. Conversely, resistance resides at the 0.8950 level where a violation if seen will turn risk towards the 0.9000 level. Further up,

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EURUSD: Bullish, Extends Recovery Higher

EURUSD: The pair closed higher on Monday and followed through higher on Tuesday. This has opened the door for more strength to occur. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550 level.

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What Does Objectivity in Trading Feel Like?

One of the toughest obstacles a person new to trading faces in becoming profitable is staying objective about what the market is telling them. Staying objective means being able to change one’s mind when the market environment clearly indicates our assessment of the direction of the market is wrong. That’s only one aspect of being objective, the other, and most important part of

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EURJPY: Looks To Recovery Higher On Price Halt

EURJPY: The pair closed higher on price halt on Friday opening the door for more strength. On the downside, support comes in at the 133.00 level where a break if seen will aim at the 132.50 level. A cut through here will turn focus to the 132.00 level and possibly lower towards the 131.50 level. On the upside, resistance resides at the 133.50

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