Posts Tagged ‘EUR/USD’

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EUR/USD and GBP/USD Forecast — October 23rd 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 23rd session. EUR/USD — The trading session was quiet on Wednesday session. The market looks good for scalpers at the moment. A break below the bottom of this candlestick is bearish for the EUR/USD pair, and you can target the 50-day EMA to the downside. GBP/USD — The pound has experienced strong buying so far. However, the market looks overbought at the moment. So, […]

EUR/USD and GBP/USD Forecast — October 22nd 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 22nd session. EUR/USD — The euro is looking very bullish at the moment. However, the 200-EMA above should be viewed as strong resistance, as the market has been trading inside this downtrend. So, any rallies are likely going to be capped, and you should sell them on signs of weakness. Also, you have a confluence of resistance at the 1.1250 […]

EUR/USD and GBP/USD Forecast — October 21st 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 21st session. EUR/USD — The trading session on Friday was strongly bullish for the EUR/USD pair. However, the 200-day EMA could offer strong resistance, as the market has been in a downtrend. Hence, rallies will be capped at higher levels, and you can only sell them on signs of weakness. Also, the 1.12 level above is strong resistance. The market […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 18th session. EUR/USD — The Thursday session was bullish for euro as it rose strongly. It looks like the 1.12 level could be targeted to the upside. However, the 200-day EMA could offer strong resistance as the market has been trading in a large downtrend. So, on signs of exhaustion, you can sell rallies. GBP/USD — This pair […]

EUR/USD and GBP/USD Forecast — October 17th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 17th session. EUR/USD — The Wednesday session saw the euro to rally strongly, but the 1.11 level looks as significant resistance. The market is now trading above the 50-day EMA. To the downside, the 1.10 level looks supportive. However, rallies cannot be trusted for this pair. Any signs of exhaustion, you should sell them. GBP/USD — The pound […]

EUR/USD and GBP/USD Forecast — October 16th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 16th session. EUR/USD — On Tuesday session, the euro pulled back to form a bullish candlestick. This shows that support exists below. Algorithmic trading is dominating this market at the moment. The market is just trading above the 50-day EMA. The highs are getting lower. So, rallies are not to be trusted, and you can sell […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 15th session. EUR/USD — The trading session on Monday was flat. The market is hovering around the 50-day EMA. The market has been trading in a downtrend and dragging lower. A breakdown below the lows of the candlestick from Monday session is bearish. The area from 1.11 to 1.12 level is strong resistance. So, selling rallies on signs of exhaustion is […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 14th session. EUR/USD — The Friday session saw the market rallying steadily to the upside. However, the market has been trading inside this downtrend. Now, the market could test the 50-day EMA for resistance. So, rallies are not to be trusted, and you can use them as selling opportunities on signs of exhaustion. The 1.10 level is seen as strong […]

Forex Strategy for EUR/USD | Euro Finally Breaking Out? — Forex Forecast

Watch this video by Justin Bennett, about his analysis on the EUR/USD pair. In his forecast for the EUR/USD pair, he talks about the possibility of this pair finally breaking out. EUR/USD — As you can see on the daily chart, the EUR/USD pair has been trading inside this descending price channel. Now, the pair is trying to break to the upside of this channel. The 1.09 level below looks strongly supportive. Also, […]

EUR/USD and GBP/USD Forecast — October 10th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 10th session. EUR/USD — The market is finding enough resistance at the 1.10 level. This is evident from the candlesticks below this level showing signs of weakness. However, a break above the 1.10 level is very bullish. The market is in a downtrend and has been drifting lower. Any rally from here, the 61.8% Fib retracement level […]

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