Posts Tagged ‘GBP./USD’

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 27th session. EUR/USD — The market saw a sideways price action on Wednesday. The 1.09 level is seen as the beginning of the supply zone. Hence, rallies towards this level are to be faded, and to be sold on signs of exhaustion. A break below the recent lows is also seen as a selling opportunity. GBP/USD — The trading session was extremely bearish […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 26th session. EUR/USD — The trading session was bullish on Tuesday. It is seen as an effort by bulls trying to extend the gains from Monday. The formation of hammer candlestick near this gap is a bullish sign. However, the fundamentals do not favor the upside at the moment. The 1.09 level is seen as the beginning of the supply zone. So, this rally […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 24th session. EUR/USD — The euro rallied strongly on Friday session. However, this cannot be seen with an interest to buy the euro. the 1.09 level is seen as strong resistance. So, look for exhaustion on rallies, and sell them at higher levels. To the upside, GBP/USD — The price action looks similar, but the pound is showing more resiliency. […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 21st session. EUR/USD — The trading session was bearish on Thursday. Now, the market is trading below the 1.08 level. The market is looking for much lower levels. So, selling rallies that show signs of exhaustion is the way to go. To the downside, you can expect the market to reach as low as 1.05 level. GBP/USD — The 1.2850 level […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 19th session. EUR/USD — The trading session on Tuesday was very bearish as the euro has broken down. The market is trading at an area, which is right above this gap, as you can see on the weekly chart. So, you can expect some support, and a short-term bounce. But bounces are to be short lived and you can […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 18th session. EUR/USD — The trading session was initially bullish, but then the market just rolled over. The volume was thin due to the US Presidents' Day celebrations in the US. The market looks very bearish and selling rallies that show signs of exhaustion will work. The 1.09 level is seen as the beginning of the supply zone. To the downside, the 1.0750 […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 17th session. EUR/USD — The euro tried to rally on Friday, but it then turned around to form a negative candlestick. So, it looks like it could continue with the downtrend. To the upside, the 1.09 level is the beginning of the supply zone. So, short-term bounces are to be short lived, and on signs of weakness, you should be looking […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 14th session. EUR/USD — The market has been extremely bearish so far and it makes sense to expect some kind of bounce. However, because of the Friday session, you cannot expect anything major. The 1.09 level is seen as the beginning of the supply zone extending up to 1.10. So, bounces are to be short lived, and you can […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 13th session. EUR/USD — The trading session was extremely bearish on Wednesday. Now, the market is trading below the 1.09 level. You can expect the market to reach the 1.08 level in the short-term. Rallies are to be short lived and you can sell them on signs of exhaustion. GBP/USD — Initially, the trading session was bullish on Wednesday session, […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 12th session. EUR/USD — Initially, the market tried to break below the 1.09 level, but then rose again to show signs of support. So, you can expect a short-term bounce at this level. However, bounces are going to be short lived, and you can sell them on signs of exhaustion. The 1.10 level above could offer strong […]