Select Page

Get More Power Over Your Trading With Less Hassle

FXTechstrategy delivers powerful buy/sell trade ideas with stop losses, price targets and super-easy analysis to help you improve your results

GBPJPY: Bullish, Set To Close In On The 150.00 Area

GBPJPY: The cross rallied strongly on Thursday opening the door for more price gain in the days ahead. On the downside, support comes in at the 149.00 level where a violation will aim at the 148.50 level. A break below here will target the 148.00 level followed by the 147.50 level. Conversely, resistance is seen at the 149.50 level followed by the 150.00

Continue reading

How Imitation And Flattery Can Make You A Successful Trader

When someone has the same goals as you and they are achieving them consistently, you would do well to “imitate” their strategy because they are proving by their results that the strategy works.  Of course, trading is no different.  In fact, as a trader, one of the ways to shore up your abilities and skills is to have a role model or mentor. 

Continue reading

EURUSD: Breaks Above Key Resistance, Targets 1.1790/99 Region

EURUSD: The pair saw a strong price rally on Thursday opening the door for more gain in the days ahead. On the upside, resistance comes in at 1.1790/1.1800 levels with a break through here opening the door for more upside pressure towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Its daily

Continue reading

USDCAD: Sells Off, Eyes Further Weakness On Bear Pressure

USDCAD: The pair closed lower again following its Tuesday losses on Wednesday. This has cleared the way for more weakness. Support lies at the 1.2900 level where a break will aim at the 1.2850 level. Further down, support comes in at the 1.2800 level where a turn lower may occur. But if further weakness is triggered support comes in at the 1.2750 level.

Continue reading

USDCHF: Extends Price Recovery With Risk Toward 0.9719

USDCHF: The pair remains biased upside on price recovery. This is coming on the back of its second day of strength. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9719 level where a break will

Continue reading

GBPUSD: Bullish, Sets Up To Push Higher Towards 1.3213 Region

GBPUSD: The pair continues to face further upside pressure as it looks to recover higher. Resistance stands at the 1.3200 with a turn above here allowing for more strength to build up towards the 1.3250 level. Further out, resistance resides at the 1.3300 level followed by the 1.3350 level. Support lies at the 1.3100 level where a break will turn attention to the

Continue reading

USDJPY: Resumes Uptrend, Eyes The 112.61 Resistance Zone

USDJPY: The pair now faces further bull pressure after resuming its short term uptrend during Tuesday trading today. On the downside, support lies at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110.50 level. On the upside, resistance resides at the

Continue reading

How To Take Your Trading To The Top By Asking The “WHY” Question

Paulo breathed a heavy sigh as he thought about the next day’s preparation. He was still attempting to recover from today’s session, which was emotionally whipping him, as my grandfather used to say, “like he stole something!” He felt fragmented and frustrated; and he knew that his research and preparation for tomorrow’s trading was crucial. Paulo also knew that his state of mind

Continue reading