USDJPY Continues To Retain Its Pullback Threats.

USDJPY the pair rejected higher prices to sell off on Thursday opening the door for more weakness. On the upside, resistance comes in at 108.50 level. Above this level will turn attention to the 109.00 level. Further out, we expect a possible move towards the 109.50...

USDCHF Looks To Pullback Further Nearer Term

USDCHF with the pair following through lower on the back of its Tuesday price rejection, more weakness is envisaged. Resistance comes in at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance stands at...

EURGBP Faces Risk Of More Price Weakness

EURGBP faces further bear threats as it looks to extend its broader medium term downtrend in the days ahead. On the downside, support stands at the 0.8600 level where a violation will turn focus to the 0.8550 level. A break below here will aim at the 0.8500 level. Its...

EURUSD Looks To Weaken Further On Bearish Pressure

EURUSD with the pair closing lower the past week, more decline is expected. Support comes in at the 1.1050 where a break will turn risk to the 1.1000 level. A breach below here will target the 1.0950 level. Further down, support stands at the 1.0900. Conversely, on...

NZDUSD Looks To Build Up On Correction

NZDUSD the pair faces further downside pressure as it looks to weaken further lower. Support lies at the 0.6300 level where a break will turn attention to the 0.6250 level. A break of here will have to happen to create scope for a move higher towards the 0.6200 level....

USDJPY Retains Its Broader Uptrend

USDJPY the pair may be hesitating but still retains its broader upside pressure. On the upside, resistance comes in at 109.00 level. Above this level will turn attention to the 109.50 level. Further out, we expect a possible move towards the 110.00 level on a break of...

How A Strong Bias Affect Your Trading Performance

How often do you start the trading session with a strong conviction of where the market is headed? Then, as the day progresses, the price action of the market clearly contradicts your bias, yet you stubbornly cling to the notion that the market has to do this or...

USDCAD Remains Vulnerable On Price Extension.

USDCAD remains vulnerable to the downside as it closed further lower on Monday. Support lies at the 1.3050 level where a break will aim at the 1.3000 level. Further down, support comes in at the 1.2950 level where a break lower may occur. This if seen will trigger...