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Do Traders Prefer to Be Long or Short?

Do traders prefer to be long or short? In this video, you will find answers to this question. In the forex market, there exists no directional bias for currencies, unlike the stock market. Currencies can move upwards, downwards, and sideways. It is based on the fundamentals governing the economy of the country that issued that currency. If the economy does well, then it will cause the currency to appreciate in value. If the economy […]

How to Trade Support and Resistance: Secrets Revealed!

In this video, you will learn how to use support and resistance in forex trading. Using support and resistance in forex trading is the most common method in technical analysis for analyzing price action. You are looking to identify potential reversal points on the chart and mark them with horizontal lines. They are correlated to supply and demand of a currency. A support level is a zone where price is prevented from falling further. […]

USD/JPY and AUD/USD Forecast — July 19th 2019

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the July 19th session. AUD/USD — The market was very bearish on Thursday session, as the market broke down significantly. This was due to Iranians trying to negotiate a deal with Washington. Pay attention to the US stock market. When it moves up, this pair also moves along with it. This is due to the anti-US dollar sentiment […]

EUR/USD and GBP/USD Forecast — July 19th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 19th session. EUR/USD — The pair made a strong move to the upside on Thursday session. This was due to the headlines related to Iran trying to deal with Washington for lifting of sanctions. This caused algorithms and EAs to trigger buy positions. The market is in a range bound condition between the 1.12 and the 1.13 levels, with a slight bullish bias. To the upside, the market […]

Bitcoin Forecast — July 19th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 19th session. Bitcoin/USD — The Thursday session saw the market to show signs of strength. The market rallied right after the hammer candlestick, which was formed at the 50-day EMA. Also, the 50% Fib retracement level below could back this market. Now, it looks like the market is moving towards the $12,000 level. It looks like the market has […]

Gold Forecast — July 19th 2019

In this video, the Trader Guy looks at the commodity, gold for the July 19th session. Gold/USD — The Thursday session saw the market make a strong move to the upside. As you can see, this market has been in an uptrend. If the market breaks down below this uptrend line, the $1,400 level below is supportive. So, you can buy pullbacks that show signs of support like a hammer candlestick. A break above […]

USD/JPY and AUD/USD Forecast — July 18th 2019

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the July 18th session. USD/JPY — The Wednesday session was slightly bearish for this pair. You can make an argument for the formation of a basing pattern, right at the 61.8% Fib retracement level, at 107.75. It looks like this market will rally from here. But the 50-day EMA above could offer strong resistance. This market is influenced […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 18th session. EUR/USD — The euro initially fell down, but the found support at 1.12, and bounced off this level. This market is range bound between the 1.12 and the 1.13 levels. So, you could see short-term back and forth movements within in this range. This will be the scenario as both the ECB and the Fed are trying […]

Bitcoin Forecast — July 18th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 18th session. Bitcoin/USD — The Wednesday session was interesting as the market formed a hammer candlestick on the 50-day EMA. Now, the market needs to clear the $10,000 level to make a strong move to the upside. However, any break below the bottom of this hammer, the $8,000 level will offer support. The market is still in an uptrend. This market looks very volatile at the moment and you […]

Gold Forecast — July 18th 2019

In this video, the Trader Guy looks at the commodity, gold for the July 18th session. Gold/USD — The Wednesday session was strongly bullish, as the market fell, and found support at $1,400 to move higher. However, this market looks stuck in this little range and is trying to build enough momentum to make it to the upside. To the downside, the 50% Fib retracement level, the 50-period EMA, and the $1,400 level look supportive. So, pullbacks are simply […]

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