Forex Videos

In this video, you will learn about the differences between forex trading and binary options trading. In binary options trading, the profit and the risk are already set based on the outcome of the trade. Assume that the profit potential is 80% for winning trades and you invest $20 for this trade, then you will profit $16 if the trade wins. You will lose this $10, in case the trade loses. In forex trading, […]

In this video, you will learn about one of the most popular candlestick reversal pattern, which is the bearish shooting star. This is a bearish reversal pattern, which occurs at the end of an uptrend. This is a single candlestick pattern, unlike other patterns, which consist of two or three candlesticks that make the pattern. This pattern consists of a bearish candlestick with a small body and a long upper wick. The length of the upper […]

In this video, the Trader Guy looks at the USD/ZAR pair for the September 5th session. USD/ZAR — The market opened this week gapping higher. It makes sense that the market is influenced by the headlines related to drone attacks on oil facilities in Saudi Arabia. This is seen as a risk-on, risk-off pair. To the downside, the 14.50 level, the 61.8% Fibonacci retracement, and the 200-day EMA look supportive. A break above the top of the candlestick from last […]

In this video, the Trader Guy looks at the commodity, gold for the September 17th session. Gold/USD — Gold market opened the week gapping higher. Recently, there were drone attacks on oil facilities in Saudi Arabia. A break above the top of the shooting star candlestick from Thursday session is a bullish sign. To the downside, the 50-day EMA, and the $1,450 level look supportive,. Selling is difficult at the moment. Buying gold at lower levels is […]

The greenback and the Crude Oil are looking bullish. The New Zealand dollar and the stock market look relatively bearish. The EUR/USD pair looks strongly bearish today as it faces strong resistance at the 1.10 level. The resistance levels are 1.1036, 1.1056, and 1.1131. The support levels are 1.0865, 1.0599, and 1.0684. The USD/JPY pair looks slightly bullish and it made new multi-week high during the Asian session. The resistance levels are 108.43, […]

In this video, you will learn about the bullish tweezer bottom candlestick pattern. This is a bullish reversal pattern. This pattern comprises of two or more candlesticks making same lows in a series of candlesticks. These lows will act as support. In a larger bull market, this pattern becomes more reliable. The first day consists of a red candlestick. The second candlestick is smaller with its low equal to the low of the first […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the September 16th session. EUR/JUSD — The Monday session saw the market forming a shooting star candlestick, after finding resistance at the 50-day EMA. This was due to the ECB's rate decision. This shows signs of weakness and looks like this market will move sideways for a while. GBP/USD — The pound has now reached the 1.25 level. This is […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the September 13th session. Bitcoin/USD — The trading session was flat on Friday. The market has been drifting sideways inside this consolidation zone. The market is just hovering around the 50-day EMA. The $12,000 is the top of the consolidation zone. The $9,000 is the bottom. To the downside, the $8,000 will come into play. So, buying pullbacks are seen as value in this market […]

In this video, the Trader Guy looks at the commodity, gold for the September 16th session. Gold/USD — The market broke below the $1,500 level on Friday session, but is still close to the bottom of this consolidation zone. Any fall below, the 50-day EMA will come into play and offer support. Also, this uptrend line, and the area above the top of this ascending triangle pattern look supportive. So, selling is difficult […]

The risk-off sentiment is dominating the market due to fears of war in the gulf. Hence precious metals like gold, the yen, and the Crude Oil are gaining from it. The EUR/USD pair looks range bound at the moment and is trading above the 1.1156 level. The resistance levels are 1.1131, 1.1162, and 1.1198. The support levels are 1.1056, 1.1036, and 1.0965. The USD/JPY pair has gapped lower on open and is going through a recovery from […]