Posts Tagged ‘GBP./USD’

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 23rd session. EUR/USD — The Thursday session was strongly bullish for the euro. As you can see on the daily chart, price has just touched this downtrend line. Also, the 50-day EMA above, which could offer resistance. However, rallies are to be short lived. Now, investors are awaiting to hear about what the central bankers […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 22nd session. EUR/USD — The market fell after finding strong resistance at the 1.11 level. The Jackson Hole Symposium is ahead and that could have a strong influence on this market. To the downside, the 1.10 level looks supportive. You can use the 50-day EMA above as resistance and fade rallies to sell them. German economy is moving towards […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 21st session. EUR/USD — The 1.11 level at the moment is seen as strong resistance. Any rally from here, the 50-day EMA will come into play and offer strong resistance. So, selling rallies that show signs of exhaustion is the way to play this market. To the downside, the 1.10 level looks supportive. The next target is 1.05. […]

EUR/USD and GBP/USD Forecast — August 20th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 20th session. EUR/USD — Initially, the trading session was bullish, but then turned bearish as the 1.11 level offered strong resistance. It looks like the 1.10 level is the next target to the downside. Any break below, the next target could be the 100% Fib retracement level. A break above the top of the candlestick from Monday session, […]

EUR/USD and GBP/USD Forecast — August 19th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 19th session. EUR/USD — The Friday session was initially bearish, but then bounced off at the end of the day showing signs of strength. This area below the 1.11 level looks supportive. However, the 50-day EMA above could cause strong resistance. The macroeconomic figures released from the eurozone does not sound very encouraging for the euro. It […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 16th session. EUR/USD — Initially, the trading session was bullish on Thursday session, but then the market found enough resistance to fall strongly towards the 1.11 level. This level was supportive in the past. At the moment, the euro looks more bearish compared to the US dollar because of the Treasury market. So, you should view short-term rallies that […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 15th session. EUR/USD — Initially, the session was bullish for this pair on Wednesday session, but then fell back very strongly. This was due to the fact that the yield curve in the US is falling. It indicates a possible recession and flow of investments into the bond market. Also, the euro is not helped by the macroeconomic data released […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 14th session. EUR/USD — The market experienced strong volatility on Tuesday session. However, the market is still trading within the consolidation zone. This market is also influenced by the ongoing US-China trade dispute on tariffs. This will cause the market to break down below the bottom of this range and look for support at the 1.11 level. Also, the 50-day EMA […]

EUR/USD and GBP/USD Forecast — August 13th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 13th session. EUR/USD — Initially, the market was showing a bearish sentiment, but then turned around to show signs of support, and closed as a bullish candlestick, as you can see on the daily chart. The market is trading between the 1.12 and the 1.13 level. The 50-day EMA could offer support. The Fed looks likely to cut the interest rates once again. […]

EUR/USD and GBP/USD Forecast — August 12th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 12th session. EUR/USD — The EUR/USD pair was slightly bearish on Friday session. The 1.12 level is the beginning of the supply zone in this market. So, selling rallies that show signs of exhaustion is the way to play this market. Also, the 50-day EMA above will offer resistance. A break below the recent lows is a bearish sign […]

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