Forex Videos

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 1st session. EUR/USD — The Tuesday session formed a long legged doji candlestick. It looks like the market is indecisive at the moment. To the downside, the 1.10 level is calling. Rallies are to be faded and you can sell them on signs of exhaustion. The 1.15 level is a short-term ceiling in this market. Both the Fed and the ECB are depreciating […]

In this video, the Trader Guy looks at the commodity, gold for the  July 1st session. Gold/USD — Gold attempted to break above the $1,800 level on Tuesday session. To the downside, the $1,750 level, and the 50-day EMA look supportive. The $1,800 level is the next target. The central banks like the Fed and the ECB are contributing for liquidity in the markets. The market looks bullish and pullbacks are seen as value at the moment.

In this video, the Trader Guy looks at the USD/BRL pair for the July 1st session. USD/BRL — The pair initially rallied on Tuesday session, but the 5.50 level prove to be strong resistance. A break above this level is very bullish and the next target is the 6.0 level. Pullbacks will find support at the 50-day EMA. Also, the area below is supportive. This pair is heavily influenced by the coronavirus situation the moment. […]

Risk sentiment is improving boosting the Japanese yen and the US dollar. The EUR/USD pair is consolidating with the formation of a triple bottom pattern. The resistance levels are 1.1289, 1.1311, and 1.1354. The support levels are 1.1195, 1.1155, and 1.1089. The USD/JPY pair is weakly bullish with the 107.52 level to be pivotal today. The resistance levels are 108.23, 108.54, and 108.61. The support levels are 107.52, 106.80, and 16.43. The GBP/USD pair […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the June 30th session. AUD/USD — The trading session was pretty quiet on Monday. The market could likely remain in consolidation for a while. The 0.7000 level above is seen as the beginning of the supply zone. A break below the 200-day EMA is very bearish and the 0.6500 level should be calling to the downside. USD/JPY — The pair rallied into an area resistance between […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 30th session. EUR/USD — The euro initially rallied on Monday session, but fell later to give back quite a bit of gains forming a bearish candle indicating signs of weakness. Hence, you can fade rallies at the moment, and sell them. To the downside, the 1.10 level is calling. As you can see on the daily chart, you can make an argument […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 30th session. Bitcoin/USD — The Monday session saw the bitcoin market to pull back a bit. However, the market recovered as the 50-day EMA, and the uptrend line offered support. The market ended up forming a hammer candlestick at the bottom of the ascending triangle pattern. To the upside, the $10,000 level is psychologically significant, and strong resistance. A break above this level is seen as a long-term move. […]

In this video, the Trader Guy looks at the commodity, gold for the  June 30th session. Gold/USD — Gold opened on Monday session gapping higher, pulled back, and then bounced a bit. The market needs to clear resistance at the $1,800 level. Then, the $2,000 level is the next target. Pullbacks should find support at the $1,750 level. Also, the 50-day EMA is supportive. The central banks like the Fed and the ECB will be contributing […]

As the market shrug off the coronavirus concerns, the risk sentiment is now recovering. The EUR/USD pair is in a consolidation pattern between the 1.1195 level and the 1.1354 level. The resistance levels are 1.1289, 1.1311, and 1.1354. The support levels are 1.1195, 1.1155, and 1.1089. The USD/JPY pair is looking bullish as the yen looks weak on improved risk sentiment. The resistance levels are 107.86, 108.23, and 108.54. The support levels are 107.52, 106.80, and 106.43. […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 29th session. Bitcoin/USD — The market is trading at the uptrend line of this ascending triangle pattern, which is confluent with the 50-day EMA. It looks like the market is building enough momentum to move to the upside. The $10,000 level above is psychologically significant and needs to be cleared for a long-term move to the upside. Further to the downside, the 200-day EMA will offer […]