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Bitcoin Forecast — February 15th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 15th session. Bitcoin/USD — This market saw nothing much in the way of action on Thursday session. The volume has been very low. Recently, the market saw a 1.8% gain. However, the market is contained by this downtrend line. Also, the 50-day EMA and the 200-day EMA are offering resistance. So, rallies that show signs of exhaustion are to be sold. […]

EUR/USD and GBP/USD Forecast — February 15th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 15th session. EUR/USD — The pair rose up and rallied on Thursday session. The price is hovering around the 1.13 level. Breaking the recent highs is seen as a bullish sign and the 1.14 level is the target to the upside. Breaking below the bottom of the consolidation zone, then the 1.12 level could be supportive. The market looks set to go further to the upside. […]

Gold Forecast — February 15th 2019

In this video, the Trader Guy looks at the commodity, gold for the February 15th session. Gold/USD — The Thursday session saw the market to pull back initially, but then found support at the 20-day EMA. The macroeconomics data and the dovish Fed are not helping the greenback at the moment. That can cause the gold markets to rise further up. The 1,325 level now looks like resistance. The market is in the process of building up inertia to break […]

How to Determine Forex Market Direction?

In this video, you will learn about the beginner strategy to determine the market direction. It involves first looking at the 30-min chart. To find out the market direction, look for the broken fractal pattern in the 30-min chart. As you can see, the up fractal was broken, and the market is hovering above this fractal. Place a horizontal line to identify this level. Now, you can start looking for buying opportunities in smaller timeframes. […]

EUR/USD and GBP/USD Forecast — February 14th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 14th session. EUR/USD — On Thursday session, the market was bearish. It took back all the gains from Wednesday session. The market is at the bottom of this consolidation zone. The 1.12 level below looks supportive. So, the market could see another bounce from here. GBP/USD — The market is trying to establish support at the 1.28 level. […]

USD/MXN Forecast — February 14th 2019

In this video, the Trader Guy looks at the USD/MXN pair for the February 14th session. USD/MXN — This week has seen so far the markets to make strong moves to the upside. These are two big candlesticks on the daily chart. Now the market needs to clear the 200-day EMA, which could offer resistance. To the upside, the 19.50 is the first target and the next target is 20 peso. This pair is correlated with […]

Gold Forecast — February 14th 2019

In this video, the Trader Guy looks at the commodity, gold for the February 14th session. Gold/USD — The Wednesday session saw the gold markets to rally a bit, but found the 1,325 level as strong resistance. Now gold could pull back a bit to find support. The 20-day EMA is just below and it could offer support. Also, the 1,300 level looks supportive. The market is in the process of building up inertia to break to the upside. […]

Daily Market Roundup — February 14th 2019

The Japanese yen is looking bearish. The New Zealand dollar is looking bullish. The EUR/USD pair has pulled back and located support at 1.1250. The resistance levels are 1.1315, 1.1357, and 1.1380. The support levels are 1.1256, 1.11560, and 1.1030. The USD/JPY pair is rallying and is looking bullish. The resistance levels are 111.46, 112.10, and 112.65. The support levels are 110.27, 110.04, and 109.59. The GBP/USD pair is facing resistance […]

EUR/USD and GBP/USD Forecast — February 13th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 13th session. EUR/USD — The EUR/USD pair fell initially fell during the trading session on Tuesday and then formed this outside candle. This is seen as a nice buying opportunity. To the upside, the 1.15 level looks like the target. The market is in a range bound situation at the moment. With the dovish Fed causing a weak US dollar, this pair […]

USD/MXN Forecast — February 13th 2019

In this video, the Trader Guy looks at the USD/MXN pair for the February 13th session. USD/MXN — The Monday session saw the market to move strongly to the upside. But the Tuesday session saw a pullback and it ended up forming a hammer. This downtrend line looks like now offering support. A daily candle close above the 200-day EMA will send this market much higher with the 20 peso level as the target. Only […]

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