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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 […]

Bitcoin Forecast — February 18th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 18th session. Bitcoin/USD — The Friday session saw the bitcoin market to struggle to rally a bit, but only to roll over after finding resistance at this downtrend line, as you can see. One of the previous sessions produced a gravestone doji candlestick. The volume has been low lately. Selling on rallies that show signs of exhaustion is the way to play this […]

Gold Forecast — February 18th 2019

In this video, the Trader Guy looks at the commodity, gold for the February 18th session. Gold/USD — The Friday session saw the gold markets to rally quite strongly. The market is trying to overcome this resistance zone from 1,325 to 1,350. So, you can expect a pullback from these levels. However, support exists below at 1,300. A break above 1,350, markets could reach 1,400. As long as the Fed remains dovish, it […]

Daily Market Roundup — February 18th 2019

The New Zealand dollar and precious metals are looking bullish. The Japanese yen is looking bearish. The EUR/USD pair seems to be going nowhere and is hovering above the support level of 1.1250. The resistance levels are 1.1357, 1.1380, and 1.1397. The support levels are 1.1302, 1.1220, and 1.1150. The USD/JPY pair is going through a consolidation at the moment. The resistance levels are 110.58, 111.46, and 112.10. The support levels are 110.27, 110.04, […]

Trading for a Living: Is It Really Possible?

Many beginner traders ask this question. Is it possible to trade for a living? People are attracted to trading besides their daily jobs, because they see it as an easy way to make money. But they don't have the idea that how much hard work is needed to make money in trading. Yes, you can be successful and make money from trading for a living. But you must […]

Learn More: Who Is a Forex Broker?

As a forex trader, your task is to make money. To do so, you need a forex broker. Assume that you want to buy an apple and you want to buy it in the market. This is where buyers and sellers meet. Similarly, in the financial markets, buyers and sellers meet to buy and sell financial assets. So, a broker enables the buyers and sellers to carry out their tasks. A broker acts like an intermediary between you […]

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. […]

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