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USDCAD Weekly Analysis

USDCAD is facing 1.2997 resistance, a breakout of this level could signal resumption of the uptrend from 1.2526, then next target would be at 1.3200 area. Support is at 1.2728, only a breakdown below this level could trigger another fall towards the bottom support trend line of the price…

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USDJPY Weekly Analysis

USDJPY broke below the bottom of the price channel on its daily chart, suggesting that the upside movement from 104.63 had completed at 111.39 already. Further decline would likely be seen and a breakdown below 108.64 support could take the price to 106.00 area. Resistance is now at 111.39,…

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GBPUSD Weekly Analysis

  GBPUSD extended its downside movement from 1.4376 to as low as 1.3291. Further decline is still possible after a minor consolidation and next target would be at 1.3000 area. The key resistance is at 1.3617, only a breakout of this level could signal completion of the downtrend.  …

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EURUSD Weekly Analysis

EURUSD stays below a falling trend line on its daily chart and remains in the downtrend from 1.2413. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.1450 area. On the upside, a breakout of the…

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USDCAD Weekly Analysis

USDCAD is now in downtrend from 1.2997. Another fall towards the bottom of the price channel on the daily chart is possible over the next several weeks. Resistance is at 1.2997, only a breakout of this level could trigger another rise towards 1.3250.  

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Stop Loss

What is a Mental Stop Loss? Mental stop loss is that stop that you are supposed to have in place, but you usually don’t. Mental stop loss is one of the biggest detriments to successful trading. This is also the level that you are bound psychologically to get out…

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