Posts Tagged ‘GBP./USD’

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EUR/USD and GBP/USD Forecast — November 4th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 4th session. EUR/USD — The euro rose initially towards the 50-day EMA and then pulled back. The investors are expecting the results of the US Presidential election. This is the reason for the sell-off of the US dollar. Also, pay attention to the headlines on the stimulus in the US. The ECB is expected to intervene to protect the economy in Europe. A breakdown below the 1.16 level is bearish […]

EUR/USD and GBP/USD Forecast — October 23rd 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 23rd session. EUR/USD — As this broken uptrend line is offering resistance, the euro pulled back on Thursday session. The euro could look for the 1.17 level as the next support. With the possibility of stimulus in the US, the euro could rally again. GBP/USD — The Brexit headlines are causing confusion in the market at the moment. The 1.30 level is supportive. So, […]

EUR/USD and GBP/USD Forecast — April 17th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 17th session. EUR/USD — The euro was trading bearish on Thursday session and broke below the bottom of the candlestick from Wednesday session. This market continues to experience selling pressure trading within this large downtrend. This market has been very choppy lately. To the upside, the 50-day EMA will offer strong resistance. So, this market […]

EUR/USD and GBP/USD Forecast — March 31st 2020

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. […]

EUR/USD and GBP/USD Forecast — March 30th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 30th session. EUR/USD — The sell-off in the stock market contributed to a rise in the value of the euro on Friday session. The market is now just trading above the 20-day EMA and is also dominated by algorithmic traders. The market looks very choppy at the moment. GBP/USD — The pound gapped lower upon the opening of the Friday session. To the downside, the 1.20 level looks supportive. […]

EUR/USD and GBP/USD Forecast — March 27th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 27th session. EUR/USD — The market saw a strong bounce just above the 1.10 level. Now, the euro is trading in an area between the 50-day EMA, and the 200-day EMA. A break above the 1.11 level, then you will see much higher prices in this market. However, you cannot expect much until you get the non-farm payroll […]

EUR/USD and GBP/USD Forecast — March 26th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 26th session. EUR/USD — The euro rallied on Wednesday session, reaching towards the top of the candlestick from Tuesday session. The 1.10 level above is psychologically significant and can see the sellers arriving into this market. Hence, if you see an exhaustive candle like a shooting star closer to this level, it is a selling opportunity. GBP/USD […]

EUR/USD and GBP/USD Forecast — March 25th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 25th session. EUR/USD — The market on Tuesday session rallied up to 109 level, but then rolled over to give back some of the gains to reach the 1.0750 level. The market needs to break above the top of the inverted hammer candlestick to continue going higher. The 1.10 level above is strong resistance. So, rallies are to be short lived […]

EUR/USD and GBP/USD Forecast — March 24th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 24th session. EUR/USD — The market was initially bullish on Monday session, but then it fell back to give back some of the gains. The downside looks more likely at the moment. So, rallies that show signs of weakness are to be sold. The 1.05 level is your next target to the downside. The 1.10 level is seen as a strong […]

EUR/USD and GBP/USD Forecast — March 23rd 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 23rd session. EUR/USD — The EUR/USD pair rallied and tried to close above the 1.08 level, but failed. This shows signs of weakness. Hence the market could be making its way towards the 1.05 level, as you can see on the monthly chart. So, fading price action to the upside on smaller timeframes like the hourly chart is the way […]

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