Forex Videos

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the April 1st session. USD/JPY — Initially, the market saw a sideways price action, and then the market rallied to only roll over to form a bearish candlestick, as you can see on the daily chart. The 19.00 level is offering strong resistance. A break below the recent lows will take this market towards the 105.00 level. A break above the top of the candlestick […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 1st session. EUR/USD — Initially, the market sliced through the 1.10 level, but then found support below. So, you can expect the market to rally again. However, the 1.11 level is seen as the beginning of the supply zone. So, short-term rallies are to be short lived, and you can sell them on signs of exhaustion. You can […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 1st session. Bitcoin/USD — The trading session was quiet on Tuesday. The market is trading just below the $7,000 level, which is psychologically significant, and also could offer strong resistance. Hence, a daily candle close above this level will see much higher prices. However, at the moment, you can look to fade rallies, and sell them on signs […]

In this video, the Trader Guy looks at the commodity, gold for the April 1st session. Gold/USD — The trading session was slightly bearish on Tuesday. The market could attempt to find support at the 50-day EMA. The $1,600 level failed to offer support. The market is still in an uptrend. So, buying dips is the way to play this market. The actions of Fed and the ECB will also contribute for higher gold prices. You can expect the market […]

Though the US dollar is gaining strength, the forex market is going through a consolidation. The US stock market is going through a bearish phase once again. The EUR/USD pair is range bound between the 1.0933 level and the 1.1056 level. The resistance levels are 1.1056, 1.1251, and 1.1381. The support levels are 1.0933, 1.0889, and 1.0710. The USD/JPY pair looks strongly bearish as it experiencing a sell-off from the 109.00 level. […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the March 31st session. USD/JPY — The pair is hovering around the 108.00 level at the moment. A break above the top of this candlestick is a buy signal and you can then expect the next target to be the 111.00 level. To the downside, the 105.00 level will offer support. In the meantime, you can expect the market to consolidate in this general vicinity. AUD/USD — […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 31st session. EUR/USD — The euro initially rallied on Monday session, but then rolled over to look for support at the 1.10 level. So, the market could remain in consolidation between the 1.10 and the 1.12 level. You can also expect choppy conditions to prevail. GBP/USD — The 1.25 level and the 61.8% Fibonacci retracement level will offer strong resistance. […]

In this video, the Trader Guy looks at the USD/ZAR pair for the March 31st session. USD/ZAR — The pair gapped higher upon the opening of the Monday session, testing the 18.00 level for resistance. The 20.00 level is seen as the next target. This pair is very sensitive to risk-on, risk-off sentiment. So, pay attention to the risk appetite in the market. The 17.25 level is seen as the short-term floor in this market. So, buying dips is […]

In this video, the Trader Guy looks at the commodity, gold for the March 31st session. Gold/USD — Gold is now pressing the $1,650 level for support. To the upside, the $1,700 level is psychologically significant, and could face strong resistance. A daily candle close above this level is significant and you can then aim for the $1,800 level as the next target. A break below the $1,600 level, then the 50-day EMA will come into […]

The US stock market and the riskier assets are going through a recovery and the forex market is going through a consolidation. The EUR/USD pair looks more bearish as it is threatening to break below the 1.10 level. The resistance levels are 1.1056, 1.1251, and 1.1381. The support levels are 1.0993, 1.0889, and 1.0710. The USD/JPY is range bound at the moment and is facing strong resistance at the 108.59 level. The resistance levels are 108.59, 109.19, […]