Posts Tagged ‘GBP./USD’

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 15th session. EUR/USD — The market on Wednesday session tried to break below the `1.10 level, but found enough support below, and then rallied. The 1.10 level is seen as psychologically significant. So, rallies that show signs of exhaustion are to be sold. Also, the 50-day EMA could offer resistance. You need to see a daily candle […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 14th session. EUR/USD — The Wednesday's trading session saw the market do a sideways price action. A break below the 1.10 level is bearish and the 1.09 level could be targeted. After this double top pattern, the market has been drifting lower. It seems that the market could see much lower prices. So, rallies […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 13th session. EUR/USD — The trading session was bearish on Tuesday. Now, the market is pressing against the 1.10 level for support. The market looks very bearish at the moment. So, bounces that show signs of exhaustion are to be seen as selling opportunities, as this market has been trading inside this large downtrend. GBP/USD — The 1.28 […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 12th session. EUR/USD — The Monday's trading session was slightly bullish for the euro. However, the session was quiet overall due to the VeteranS Day celebrations in the US. The market has been trading in a downtrend as can be seen from this descending price channel. However, you can expect the 1.10 level to offer support. Bounces are to be […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 11th session. EUR/USD — The Friday's trading session was bearish as the euro came under selling pressure. To the downside, the 1.10 level could be tested for support. However, a break below this level, is very bearish for the euro. So, rallies at this point that show signs of weakness are to be sold. To the downside, the 1.09 level could […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 8th session. EUR/USD — The market experienced high volatility on Thursday session. It came down to test the 50-day EMA for support. Then bounced off to move to the upside to test the 1.11 level for resistance. So, the market could drift lower. The market has been trading inside this descending price channel. So, rallies that show signs […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 7th session. EUR/USD — The euro rallied initially, but then fell back to form an inverted hammer candlestick on the daily chart. As you can see, this market has been trading in this descending price channel. The pair looks very choppy at the moment. A breakdown below the current lows will lead the pair down towards the 1.10 level. […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 6th session. EUR/USD — As the ISM Non-Manufacturing PMI data came out stronger than expected, the euro fell strongly on Tuesday session. The market has been trading inside this downtrend and you can make an argument for a double top pattern here. If the 200-day EMA below do not offer support, then the 1.10 level is […]

EUR/USD — The euro rallied on Friday session after finding support. It looks like the market is trying to build up enough momentum to breakout to the upside. To the upside, the 200-day EMA will offer strong resistance. The ECB does not favor the euro at the moment. So, rallies that show signs of exhaustion are selling opportunities, and you can target the 1.1075 level to the downside. GBP/USD — The market needs to overcome the 1.30 […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 31st session. EUR/USD — The trading session was very volatile session on Wednesday. The market shot straight up after falling initially to show strong signs of support below. As you can see, this is the bullish flag pattern formed on the daily timeframe. Both the 200-day EMA and the 61.8% Fib retracement level above will offer strong […]