Posts Tagged ‘GBP./USD’

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 17th session. EUR/USD — The market broke below the 50-day EMA on Friday. You can make an argument for a potential "W" pattern. The 1.12 level is offering support at the moment. Due to the soft stance of the Fed in terms of monetary policy, it looks like this market has found the bottom. To the downside, the market could look for support at the 1.11 level. […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 14th session. EUR/USD — The Thursday session saw the bulls attempting to rally, but lost control of the market in the later part of the trading session. To the downside, the 1.12 level looks supportive. Also, the 50-day EMA could offer support. So, you should buy when the market gets closer to this level on signs of support like a hammer candlestick. It […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 13th session. EUR/USD — The market initially attempted to rally, but then rolled over. This looks like market has encountered resistance and is going to turn down. So, you can buy pullbacks after the market shows signs of support. However, this market looks bullish though, as the Fed is maintaining a soft tone on monetary […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 11th session. EUR/USD — On Monday session, the market initially gapped lower and then turned choppy. You can make an argument for a "W" pattern on the daily chart. The market looks overbought at the moment. So, you should look for pullbacks as value. The Fed has changed its tone to dovishness regarding its monetary policy. To the downside, the 1.1250 level looks […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 10th session. EUR/USD — The Friday session saw the market to break above the recent highs. So, the market looks very bullish at the moment. You can treat pullbacks as buying opportunities. The 1.1250 level below looks supportive. The jobs number released on Friday did not help much. Also, the Fed is stepping away from a tight monetary […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 7th session. EUR/USD — The Thursday session saw the market to fall initially towards the 50-day EMA, but then found support to move upwards. The market is now testing the 1.1320 level for resistance. The market could be choppy at the moment. Investors are waiting to know the outcome of the jobs numbers from the US. To the downside, the 1.11 level looks supportive. […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 6th session. EUR/USD — The market initially tried to rally on Wednesday session, but then rolled over. Now, the pair is trading below 112.50. This looks like a market that is range bound and could test the 1.11 to the bottom. However, the 50-day EMA could provide some support at the current levels and prevent it from falling […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 5th session. EUR/USD — The volatility is increasing. On Monday session, the market rallied pretty significantly. But the market found the 1.1250 level to be strong resistance and formed a bearish candle on Tuesday session. A break above 1.12 is significant and the market could head towards 1.14. If the market rolls over, then it could move towards […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 4th session. EUR/USD — On Monday session, the market rallied very strongly, and now testing the 1.1250 level for resistance. Can this market go higher? The market needs to clear resistance at the current level. So, you can view pullbacks as buying opportunities at the moment. However, you can get lots of back and forth movements at the moment. GBP/USD — […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 3rd session. EUR/USD — The EUR/USD pair tried to rally on Friday session, within this large downtrend. However, it faced trouble as the 1.12 level offered lots of resistance. To the downside, the 1.11 level looks supportive. Given the bearish scenario, this market looks like going to move towards 1.10. However, if 1.11 holds, then the market […]