GBP/USD – British Pound Downtrend Intact Vs US Dollar

Key Highlights The British Pound recovered well from 1.3030, but faced strong offers near 1.3300 against the US Dollar. A key bearish trend line with current resistance at 1.3260 on the 4-hours chart of GBP/USD is acting as a barrier. The US Industrial Production in Sep 2017 posted a 0.3% rise, more than the +0.2% forecast. Today in the UK, the Claimant Count Chan...
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Gold Price is Back in Uptrend Above $1285 Vs US Dollar

Key Highlights Gold price after forming a bottom near $1260 against the US Dollar started an upside move. There was a break above a key bearish trend line with resistance at $1284 on the 4-hours chart of XAU/USD. Recently in the US, the NY Empire State Manufacturing Index posted a rise from 24.4 to 30.2 in Oct 2017. Today, the US Industrial Production for Sep 2017...
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EUR/USD – Euro Failed Near Important Resistance Vs US Dollar

Key Highlights The Euro after an upside move faced sellers near 1.1880 against the US Dollar. A crucial bearish trend line with resistance at 1.1870 on the 4-hours chart of EUR/USD prevented gains. China’s Consumer Price Index in Sep 2017 increased 0.5% (MoM), more than the +0.4% forecast. The yearly change in the Chinese CPI was +1.6%, just as the market foreca...
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Top ways to be highly productive by increasing focus and attention

In a busy forex market, increased focus is a valuable practice for optimal trading. By boosting your ability to focus, you can efficiently accomplish vital trading tasks for quality results and productive sessions. Aside from skills like decision making or analytical thinking, achieving increased focus can lead to more positive output. During analysis or executions, traders sho...
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USD/JPY – US Dollar Back In Bearish Zone Vs Japanese Yen

Key Highlights The US Dollar after struggling to move above 113.40 against the Japanese Yen started a downside move. There was a break below a major bullish trend line at 112.50 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Oct 7, 2017 posted a decline from 258K (revised) to 243K. Today in the US, the CPI figure for Sep 2017 wi...
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AUD/USD – Aussie Dollar Breaks Key Resistance Vs US Dollar

Key Highlights The Aussie Dollar after forming a bottom, traded higher and broke a major resistance at 0.7800 against the US Dollar. There was a break above a crucial bearish trend line at 0.7800 on the 4-hours chart of AUD/USD. Australia’s Home Loans in August 2017 increased 1%, more than the forecast of +0.5%. Today in the US, the Initial Jobless Claims (Oct 7...
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EUR/JPY – Euro Eyeing Upside Break Vs Japanese Yen?

Key Highlights The Euro continues to trade above a major support area at 131.75 against the Japanese Yen. There are two important bearish trend lines forming with resistance at 132.60-80 on the 4-hours chart of EUR/JPY. Japan’s New Machinery Orders rose 3.4% in August 2017 (MoM), compared with the forecast +1.1%. Today in the US, the FOMC meeting minutes will be...
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NZD/USD – New Zealand Dollar To Depreciate Further Vs US Dollar

NZDUSD Technical Analysis New Zealand Dollar US Dollar
Key Highlights The New Zealand Dollar started a major downtrend and settled below 0.7150 against the US Dollar. There is a crucial bearish trend line forming with resistance at 0.7100 on the 4-hours chart of NZD/USD. New Zealand’s Electronic Card Retail Sales in Sep 2017 increased 0.1% (MoM). Today in the US, the IBD/TIPP Economic Optimism Index for Oct 2017 wil...
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EUR/USD – Euro’s Recovery Remains Capped Vs US Dollar

Key Highlights The Euro declined this past week and traded below the 1.1700 support against the US Dollar. There is a contracting triangle forming with resistance at 1.1750 on the 4-hours chart of EUR/USD. This past week in the US, the Nonfarm payrolls figure released by the US Department of Labor for Sep 2017 posted a decline of 33K, compared with the forecast of +9...
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Learn how positive psychology can help happy traders become happier

Amidst market movement and strategy, what kind of role does positive psychology play in successful forex trading? A good trader is aware that constant negativity eventually leads to pessimism and weak performance. Because of this, forex traders know the value of positive thinking. In terms of lasting optimism, a thriving trader also gives importance to building positive psychol...
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