Many people believe that trading simply involves clicking some buttons and money churns out. This just couldn’t be further from the truth. People also often believe that driving is a simple task. In reality, if you ask any professional driver they’ll tell you just how complex it is. Any fool can sit behind a wheel … “The correct mindset for making consistent profits”
Category: Forex Bits
EUR/USD: Retains Upside Bias But With Caution
EURUSD: EUR may have closed higher the past week but with caution as pullback threats could occur. Resistance is seen at the 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. … “EUR/USD: Retains Upside Bias But With Caution”
USDCAD: Risk Points To The Upside On Correction
USDCAD: With USDCAD closing on a rejection candle a move higher could be developing. On the upside, resistance is seen at the 1.2300 level followed by the 1.2350 level. Further out, resistance comes in at the 1.2400 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the … “USDCAD: Risk Points To The Upside On Correction”
EURUSD, USDJPY, GBPUSD TA, Pivot Points – June 19 2015
EURUSD Daily Pivots R3 1.1524 R2 1.1479 R1 1.1418 Pivot 1.1373 S1 1.1312 S2 1.1268 S3 1.1207 EURUSD (1.137): EURUSD saw another bullish day yesterday but failed to close at the highs, resulting in a small bodied candlestick pattern. With prices however trading above the daily resistance level at 1.12845, the bias remains to … “EURUSD, USDJPY, GBPUSD TA, Pivot Points – June 19 2015”
USDJPY: Bearish, Sees Price Weakness
USDJPY: With USDJPY following through lower on the back of its Wednesday weakness on Thursday, further downside pressure is likely in the days ahead. On the downside, support comes in at the 122.47 level where a break will target the 122.00 level. Below here if seen will aim at the 121.50 level followed by the … “USDJPY: Bearish, Sees Price Weakness”
GBPUSD: Bullish, On The Tear
GBPUSD: With GBP strengthening strongly further on Wednesday, further bullishness is envisaged. This development leaves the pair targeting further upside towards the 1.5813 level where a break will aim at the 1.5850 level followed by the 1.5900 level. A break will target the 1.5950 level where a violation will aim at the 1.6000 level where … “GBPUSD: Bullish, On The Tear”
Trader Meet Up to Host an Online Event for Forex
Trader Meet Up is a leader in virtual expos that’s known for connecting traders and brokers; and in July, they plan to do just that! The event is held on July 28th and RSVPs are open. Here are all the details. If you’re a day trader, daily pips, stories, and other notifications of breaking news … “Trader Meet Up to Host an Online Event for Forex”
GBPUSD June 10 2015: Bullish, Eyes Further Upside
GBPUSD: Having followed through higher on Wednesday, further bullishness is envisaged. This development leaves the pair targeting further upside towards the 1.5600 level where a break will aim at the 1.5650 level followed by the 1.5700 level. A break will target the 1.5750 level where a violation will aim at the 1.5550 level and possibly … “GBPUSD June 10 2015: Bullish, Eyes Further Upside”
Steve Ruffley’s iView Charts now available on Tradable
iView Charts is now available on the Tradable platform. The new addition comes from Steven Ruffley, who is renowned a renowned analyst. Here is more information from the official press release: 9 June 2015 – iView Charts, developed by renowned trading expert Steve Ruffley in conjunction with Tradable, is now available on the Tradable platform. iView … “Steve Ruffley’s iView Charts now available on Tradable”
EURUSD: Vulnerable Despite Weekly Higher Close
EURUSD: Although EUR closed higher the past week, it faces downside pressure after losing a quarter of its last week gains (see daily chart). This development leaves it vulnerable to the downside. Resistance is seen at the 1.1150 level with a cut through here opening the door for more upside towards the 1.1200 level. Further … “EURUSD: Vulnerable Despite Weekly Higher Close”