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EUR/USD and GBP/USD Forecast — May 23rd 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 23rd session. EUR/USD — The trading session was quiet on Wednesday. The market is hovering around the 1.1150 level. The market is range bound at the moment with 1.12 as top and 1.11 as bottom. When the market approaches the top, you can short rallies that show signs of exhaustion. When the market reaches the bottom, you can see pullbacks […]

Bitcoin Forecast — May 23rd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 23rd session. Bitcoin/USD — The market tried to pullback on Wednesday session as it is pressing for resistance at 8,000. So, you can buy pullbacks that show signs of a supportive candle. To the downside, the 7,000 level looks supportive. As long as the 6,000 level holds, this market is bullish in the short-term. To the upside, the 10,000 level is seen as target. However, the market has […]

Gold Forecast — May 23rd 2019

In this video, the Trader Guy looks at the commodity, gold for the May 23rd session. Gold/USD — The market tried to rally a bit on Wednesday session, but not so successful at the end of the day. The market is hovering around the 200-day EMA. The 1,275 level below looks supportive. A break below, the market could reach down towards the 1,200 level. Both this downtrend line and the 200-day EMA are offering resistance. So, rallies […]

Daily Market News — May 23rd 2019

The New Zealand dollar and the pound are looking bearish. The greenback is looking strong at the moment. The EUR/USD pair is facing resistance at 1.1161 and is looking bearish at the moment. The resistance levels are 1.1181, 1.1220, and 1.1225. The support levels are 1.1030, 1.0990, and 1.0961. The USD/JPY pair has lost its bullish momentum and is in range bound condition at the moment. The resistance levels are 110.36, 110.88, and 111.69. The support levels are […]

EUR/USD and GBP/USD Forecast — May 22nd 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 22nd session. EUR/USD — The market looks uncertain in terms of direction and is hovering around the 1.1150 level. The market is in a range bound situation. The market is bearish and looks to continue with the downturn. So you can sell rallies that show signs of exhaustion. A break above 1.12 is seen as bullish. A break below 1.11, the market […]

Bitcoin Forecast — May 22nd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 22nd session. Bitcoin/USD — The Tuesday trading session was quiet for bitcoin. The market is pressing for resistance at 8,000. So, the market could remain range bound between 7,000 and 8,000. Also, the 6,000 level below looks supportive. So, you can buy pullbacks that show signs of support like a hammer candlestick on smaller timeframes. To the upside, this market […]

Gold Forecast — May 22nd 2019

In this video, the Trader Guy looks at the commodity, gold for the May 22nd session. Gold/USD — At the moment, the market is trying to pull back, looking for support at 1,270. A break down below this level is very bearish. So, you can sell rallies at the moment that show signs of exhaustion, near this downtrend line or close to the 1,300 level. The alternate scenario is to expect a break above 1,300 level. However, […]

Daily Market News — May 22nd 2019

The greenback is looking strong. The British pound and the New Zealand dollar are looking bearish. The EUR/USD pair is facing resistance at 1.1181 and is looking bearish at the moment. The resistance levels are 1.1181, 1.1220. and 1.1225. The support levels are 1.1030, 1.0990, and 1.0961. The USD/JPY pair has broken the resistance at 110.29 and is looking bullish now. The resistance levels are 110.88, 111.69, and 111.80. The support levels are 110.29, 109.81, […]

EUR/USD and GBP/USD Forecast — May 21st 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 21st session. EUR/USD — The Monday session saw the market attempting to rally a bit. This market is range bound with 1.12 as top and 1.11 as bottom. You need to see this market to break above 1.1250 to consider buying for long-term. Until then, you can try range trading strategies. GBP/USD — It looks like […]

USD/ZAR Forecast — May 21st 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the May 21st session. USD/ZAR — The Monday session did not see much in the way of action. The market is trading in the middle of a symmetric triangle. So, you can expect a lot of back and forth movement at the moment. A break above this triangle, then 14.75 is the target. A break below the bottom of the candlestick from Monday session and below this uptrend line, then […]

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