Free videos about foreign exhcnage (FX) trading
In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the September 30th session. WTI Crude Oil — As you can see, Oil has definitely broken to the upside. We had a positive candle on Thursday. But really, at this point in time, I don’t think much of it. It seems to me that we are running out of steam and we have a lot of noise right above $49. […]
In this video, the Trader Guy looks at the currency pairs USD/JPY and NZD/USD for the September 30th session. USD/JPY — We did try to rally initially during the day, but then turned right back around to form a shooting star. A breakdown below the bottom of the shooting star sends this market to 100.00. This is an area, though that I believe is highly supportive and protected by the Bank of Japan. So, I am looking for supportive […]
In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the September 30th session. EUR/USD — This is a market that just went back and forth and chopped around during the day as we have seen time and time again. I have a downward trendline here on this chart. As long as we are below here, I am not interested in buying. I think short-term rallies that show exhaustion are selling […]
In this video, the Trader Guy looks at the currency pairs USD/JPY and NZD/USD for the September 29th session. USD/JPY — We did slightly rise during the course of the day on Wednesday, but at this point in time, the 100.00 level is where the market will continue to find buyers again and again. So, with this, we will grind higher probably not much more than that. I think that the Bank of Japan is […]
In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the September 29th session. EUR/USD — We really had a volatile session, but quite frankly we have gone just sideways. But I think we will eventually show an exhaustive candle that we can start selling again. I think we are going to grind down towards the 1.1150 level. So, short-term selling opportunities may […]
Wall Street traded higher on Wednesday as gains in the oil and Gas sectors led shares higher. The Dow Jones rose by 0.61% and the NASDAQ added 0.24% to its value. The US dollar traded higher against the major currencies after positive US data on durable goods orders. Today, the US Unemployment Claims is expected at 260K vs. 252K previously and the US GDP is expected at 1.3% vs. 1.1% previously. Gold fell, […]
Yesterday’s market was dominated by the announcement of an OPEC deal to cut output, which sent the price of Crude Oil soaring by more than $3 per barrel. The EUR/USD pair has risen back up into its area of long-term equilibrium to reach above the 1.12 level. The USD/JPY pair broke very bullishly out of its recent consolidation during the Asian session and looks to be setting above the former resistance zone at 101.50. […]
Candlesticks are one of the most important tools we have in the forex and stock market technical analysis. The information that the candlesticks give us are the best and most accurate. If you like to become a good and professional forex trader, it is strongly recommended to use candlestick signals. This is how we trade. Candlesticks are the oldest form of technical analysis in the world. Japanese candlesticks were invented by a Japanese rice […]
In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the September 28th session. USD/JPY — As you can see, we had a pretty volatile session as we sit right above the 100.00 level. This is the level which is the line in the sand for the Bank of Japan. So, even though we formed here a shooting star candlestick, a break above there is a buying opportunity. Also a bounce off […]
In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the September 28th session. EUR/USD — We have fallen during the trading session on Tuesday, testing the 1.12 level. Looking at this descending trendline, it looks like we are either forming a descending triangle or lower highs. A breakdown below the bottom of this candle will send this market looking for the 1.1150 level and then eventually 1.11 in my opinion. […]
