Forex Videos

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 21st session. EUR/USD — The 1.11 level at the moment is seen as strong resistance. Any rally from here, the 50-day EMA will come into play and offer strong resistance. So, selling rallies that show signs of exhaustion is the way to play this market. To the downside, the 1.10 level looks supportive. The next target is 1.05. […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 21st session. Bitcoin/USD — Initially, the market rallied, but then fell back to give back the gains. The market is still in an uptrend. The 50-day EMA, the $10,000 level, and the uptrend line indicate confluence. Also, there was a formation of multiple hammer candlesticks at this level. So, the $12,000 level is seen as the next short-term target. Investors are awaiting to hear […]

In this video, the Trader Guy looks at the commodity, gold for the August 21st session. Gold/USD — At the moment, the $1,500 level is offering support to gold. The market has been drifting sideways over the last few sessions. Any fall below, the $1,450 level below will offer support. The Jackson Hole symposium will be held this week and speech by the executives of the central bank will cause volatility in the markets. To the downside, the 50-day […]

The New Zealand dollar and the euro are looking weak. The greenback is showing some signs of bullishness. The EUR/USD pair has broken the resistance at 1.1088 and is looking slightly bullish at the moment. The resistance levels are 1.1117, 1.1163, and 1.1198. The support levels are 1.1088, 1.1030, and 1.0990. The USD/JPY pair is range bound and trading between the 105.69 and the 106.73 level. The resistance levels are 106.73, 107.21, and 107.26. The support levels are […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the August 20th session. USD/JJPY — The market on the Monday session rallied strongly towards the 107.00 level, which is resistance. Pay attention the S&P 500 index chart. If it breaks above the resistance, then this pair will also rally. To the downside, the 105.00 level is the target. You can make an argument for a basing pattern. So, you […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 20th session. EUR/USD — Initially, the trading session was bullish, but then turned bearish as the 1.11 level offered strong resistance. It looks like the 1.10 level is the next target to the downside. Any break below, the next target could be the 100% Fib retracement level. A break above the top of the candlestick from Monday session, […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 20th session. Bitcoin/USD — Bitcoin rose from this uptrend line on Monday session, which also coincides with the 50-day EMA offering support. Also, you have a couple of hammer candlesticks at the $10,000 level. So, this is seen as confluence. Pullbacks are buying opportunities and you can aim for the $12,000 level in the short-term. To the downside, the$8,000 level could […]

In this video, the Trader Guy looks at the commodity, gold for the August 20th session. Gold/USD — Gold fell strongly on Monday session. Now, the $1,500 level is being tested for support. If it breaks, then the next support exists at the $1,450 level. The market looks overbought at the moment. The 50-day EMA and the uptrend line are also looking supportive. Investors are waiting for the Jackson Hole symposium this week. Any comments […]

The US dollar is looking slightly more bullish and the euro looks bearish. The EUR/USD pair is looking bearish and it looks likely to test the support at the 1.10 level. The resistance levels are 1.1090, 1.1117, and 1.1163. The support levels are 1.1030, 1.0990, and 1.0961. The USD/JPY pair is unable to break the resistance at 106.73. The resistance levels are 108.73, 107.21, and 107.28. The support levels are 108.48, 106.21, and 105.69. The GBP/USD pair […]

In this video, you will learn about the dragonfly and the gravestone doji candlestick patterns. A doji candlestick represents indecision in the market. It consists of a single candlestick with no real body and long wicks above and below. For example, look at this chart. Initially, the price is in a downtrend. At some point, the sellers lose control, and you can see the formation of this dragonfly doji candlestick. It has a very long lower wick […]