EURUSD: With EUR continuing to trade and hold above the 1.0777/1.0800 zone but maintaining upside bias, further recovery higher is envisaged. Support lies at the 1.0850 level. Further down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level. A break of here will aim at the 1.0700 level. Conversely, … “EURUSD Threatens Trendline Resistance”
Category: Forex Bits
Fight your worse enemy
When it comes to trading, you may very well be your worst enemy at times. Right before you get into a trade, you are level-headed, calculating, and pragmatic. You analyze the various scenarios and make a no nonsense decision. Then the trade goes live and you turn into the kid in front of the ice … “Fight your worse enemy”
AUDUSD Caps Strength Below The 0.7096 Zone
AUDUSD: Although AUDUSD remains biased to the upside on correction, it continues to retain its broader medium term bias below the 0.7096 zone. Unless that is decisively taken our, the pair faces downside pressure. On the downside, support resides at the 0.7040 level where a breach will aim at the 0.7000 level. Below that level … “AUDUSD Caps Strength Below The 0.7096 Zone”
GBPJPY Looks To Strengthen More On Bull Pressure
GBPJPY: Having rallied to take back its Monday losses on Tuesday, GBPJPY looks to strengthen more on bull pressure. On the downside, support comes in at the 169.00 level where a violation will aim at the 168.00 level. A break below here will target the 167.00 level followed by the 166.00 level. Its daily RSI … “GBPJPY Looks To Strengthen More On Bull Pressure”
How To Not Let Anxiety Cut Your Profits Short In Forex
A typical error many traders fall for is cutting their profits short while letting their losses run. The explanation behind this so common occurrence is simple: when losing, we hope that the market will reverse and we will then be able to make back the loss. When profiting, we get fearful and anxious that market … “How To Not Let Anxiety Cut Your Profits Short In Forex”
GBPUSD Faces Downside Pressure On Price Failure
GBPUSD: With the pair continuing to hold on to its downside pressure, GBPUSD faces downside pressure on price failure though with caution. Support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support lies at the 1.4100 level. Below here will set the stage for more weakness … “GBPUSD Faces Downside Pressure On Price Failure”
AUDUSD Remains Vulnerable To The Downside
AUDUSD: With AUDUSD remaining and vulnerable to the downside, further weakness is envisaged. 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 targeting further downside towards the … “AUDUSD Remains Vulnerable To The Downside”
EUR/CHF 4: Wenn Atlas Gezuzkt
It has been a little more than a year and two weeks since the Swiss National Bank simply could not hold the line any further in its defense of a weakening Euro. The SNB was not under any obligation to maintain a peg, but rather agreed to one in order to maintain purchasing parity with … “EUR/CHF 4: Wenn Atlas Gezuzkt”
GOLD Threatens Additional Downside Pressure
GOLD: Having remained weak and continued to trade within its range, GOLD threatens additional downside pressure on bearishness. On the downside, support comes in at the 1090.00 level where a break will turn attention to the 1080.00 level. Further down, a cut through here will open the door for a move lower towards the 1070.00 … “GOLD Threatens Additional Downside Pressure”
Central Banks in the Spotlight for Another Week
Next week will have traders preoccupied with more central bank action. On Wednesday, the Federal Reserve will reconvene for their first meeting of 2016. Although few expect the Fed to raise interest rates, we may hear more details about the Fed’s economic outlook and the pace at which they plan on raising rates. Recall that … “Central Banks in the Spotlight for Another Week”