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EUR/USD and GBP/USD Forecast — February 20th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 20th session. EUR/USD — The market rallied a little bit on Tuesday session. The 1.12 level below could offer plenty of support. The 1.12 level is also the bottom of this consolidation, as you can see on the daily chart. So, pullbacks are seen as buying opportunities, with the 1.13 level to the upside as target. The market could make a slow grind […]

Candlestick Continuation Patterns - A Simple Explanation

In this video, you will learn about the candlestick continuation patterns. The continuation patterns are used to tind out if the present trend will continue in its direction. For example, as you can see, this is an uptrend. Then the market goes through a brief period of consoldation. After this, the market breaks resistance, and produces an impulsive candle to continue with the uptrend. The market pulls back and produces a hammer candlestick at this area […]

Bitcoin Forecast — February 20th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 20th session. Bitcoin/USD — The Tuesday session saw the market to rally pretty significantly after a quiet trading session on Monday. The Americans were celebrating the President's Day on Monday and that contributed to low volume. A break of this downtrend line is seen as a bullish sign. But the market has only reached the top of this consolidation zone, which could offer resistance. […]

Gold Forecast — February 20th 2019

Gold/USD — The Tuesday session saw the market to break above the 1,325 level and rally quite strongly. The market has entered into a resistance zone, which extends up to 1,350. So, you can expect a pullback from here and those pullbacks are seen as short-term buying opportunities as the 20-period EMA could offer support. The US dollar has weakened due to the dovish Fed. That contributes this market to go higher. […]

Daily Market Roundup — February 20th 2019

The greenback and gold are looking bullish. The New Zealand dollar is looking bearish. The EUR/USD pair is looking bullish. It needs to clear the resistance at 1.1357. The resistance levels are 1.1357, 1.1380, and 1.1397. The support levels are 1.1325, 1.1278, and 1.1220. The USD/JPY pair is looking bullish. It has broken resistance at 110.50. The resistance levels are 110.88, 111.48, and 112.10. The support levels are 110.40, 110.27, 110.04. […]

The Most Powerful Candlestick Reversal Patterns & How to Use Them

In this video, you will learn about candlestick reversal patterns, and how to use them in your forex trading. You can look at some important patterns. Candlestick patterns are made up of one or more candlesticks. A candlestick pattern tells you about the picture of what is happening in the market or the interaction between the buyers and sellers. Look at this chart. As you can see, this is a shooting star candle occurring […]

USD/MXN Forecast — February 19th 2019

In this video, the Trader Guy looks at the USD/MXN pair for the February 19th session. USD/MXN — The Monday session's action saw the market to pull back a bit, as the market is looking for support. it was a holiday in the US, as the Americans were celebrating the Presidents' Day, which is George Washington's birthday. The market could remain in consolidation with the 19.50 as top and 19.25 as bottom. A break above the top of this consolidation zone is seen […]

Gold Forecast — February 19th 2019

In this video, the Trader Guy looks at the commodity, gold for the February 19th session. Gold/USD — This week has begun with gold rallying higher. Also, the market has opened with a gap higher. There exists lots of resistance up to 1,350. Pullbacks are seen as buying opportunities as the 20-day EMA below offers support. The 1,300 level below also looks supportive enough. This is a market that looks […]

Daily Market Roundup — February 19th 2019

The market looks quiet at the moment. The greenback looks bullish. The New Zealand dollar looks bearish. The EUR/USD pair is hovering around the 1.13 level and is trading within a consolidation zone. The resistance levels are 1.1357, 1.1380, and 1.1397. The support levels are 1.1290, 1.1220, and 1.1150. The USD/JPY pair looks bullish. It broke resistance at 110.50. The resistance levels are 110.78, 111.48, and 112.10. The support levels are 110.27, 110.04, […]

EUR/USD and GBP/USD Forecast — February 18th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 18th session. EUR/USD — The Friday session saw the markets to turn around and form a bullish hammer candlestick. It shows that there exists plenty of support below. The market is at the bottom of a consolidation zone. With the Fed looking dovish, it looks like this pair could move to the upside, towards the top of this consolidation zone. GBP/USD […]

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