Forex Videos

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the August 23rd session. USD/JPY — The market is range bound and is trading between the 107.00 and the 105.00 level. The speech from Jackson Hole symposium will cause volatility in this market. The 50-day EMA above will cause a lot of resistance. This market is dominated by risk-on, risk-off type of sentiment. It looks like this risk-on move […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 23rd session. EUR/USD — The Thursday session was strongly bullish for the euro. As you can see on the daily chart, price has just touched this downtrend line. Also, the 50-day EMA above, which could offer resistance. However, rallies are to be short lived. Now, investors are awaiting to hear about what the central bankers […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 23rd session. Bitcoin/USD — The market fell initially on Thursday session, but found support underneath to form a hammer candlestick on the daily chart. The market is just hovering around the 50-period EMA. However, the break of this uptrend line is seen as an interesting trade with a good risk to reward ratio. If the market falls from here, then the $8,000 level […]

In this video, the Trader Guy looks at the commodity, gold for the August 23rd session. Gold/USD — The market fell on Thursday session to find support at the $1,500 level and formed a hammer candlestick on the daily chart. Jerome Powell, the Fed president is expected to be dovish by the market participants in the Jackson Hole symposium. If the market breaks down, then it could reach towards the top of this broken ascending triangle pattern. Also, the 50-day […]

In this video, you will learn about the dark cloud cover and the piercing pattern. These are powerful reversal patterns that you can use in forex trading. The dark cloud cover is a bearish reversal pattern. This is similar to a bearish engulfing pattern. It occurs at the end of an uptrend. The first candlestick is a bullish candlestick. It is then followed by a bearish candlestick, which opens above the close of the previous […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 22nd session. EUR/USD — The market fell after finding strong resistance at the 1.11 level. The Jackson Hole Symposium is ahead and that could have a strong influence on this market. To the downside, the 1.10 level looks supportive. You can use the 50-day EMA above as resistance and fade rallies to sell them. German economy is moving towards […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 22nd session. Bitcoin/USD — The Wednesday session was very bearish for bitcoin. The bullish scenario remains the same. The 50-day EMA, the uptrend line and the $10,000 level look supportive. So, the next week will be crucial to see if this level holds. The highs are getting lower. Investments are flowing away from the fiat currencies, which is good […]

In this video, the Trader Guy looks at the commodity, gold for the August 22nd session. Gold/USD — Gold initially fell on Wednesday session testing the $1,500 level, which looks supportive,. The area below this also looks very strongly supportive Any break below, the market could reach towards the top of the ascending triangle pattern and the 50-day EMA. So, buying dips should work at the moment. Central banks like the Fed and the ECB […]

The New Zealand dollar and the euro are looking bearish. The greenback is looking little bullish. The EUR/USD pair is looking bearish as it broke below the 1.0961 level. The resistance levels are 1.1092, 1.1117, and 1.1163. The support levels are 1.1030, 1.0990, and 1.0961. The USD/JPY is range bound and is trading between the 105.69 and the 1.06.73 level. There is a formation of a bearish wedge pattern on the daily chart. The resistance levels are […]

In this video, you will learn about price action analysis using support and resistance levels. Candlesticks form the basis for price action trading. It is important that you first identify the support and resistance levels in your technical analysis, besides looking to trade the trend. It should be part of your trading strategy to gain an edge in the market. Horizontal Price Levels: You can mark support and resistance levels […]