Posts Tagged ‘GBP./USD’

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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 […]

EUR/USD and GBP/USD Forecast — March 20th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 20th session. EUR/USD — The market initially tried to rally on Thursday session, but then rolled over. The gap is now filled, as you can see from the weekly chart. To the downside, the 1.05 level is the target. The 1.10 level is psychologically significant and could offer strong resistance. So, at the moment, you can look for exhaustion in rallies, […]

EUR/USD and GBP/USD Forecast — March 18th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 18th session. EUR/USD — The trading session was very bearish initially on Tuesday session, but then it turned around to show signs of support, as the more stimulus was announced from the US. Also, the ZEW sentiment released from Germany did not help the euro either. This market could remain in consolidation between the 1.10 and the 1.12 […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 17th session. EUR/USD — The euro rallied strongly on Monday session. However, it looks choppy at the moment. To the upside, the 1.12 level is the beginning of the supply zone. So, rallies towards this level are to be faded, and sold on signs of exhaustion. To the downside, the 1.10 level offers support. In the meantime, you can expect range bound conditions to prevail […]

EUR/USD and GBP/USD Forecast — March 16th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 16th session. EUR/USD — The trading session was very volatile on Friday and the pair looks very bearish at the moment. The budget released from Germany did not help euro at all. The 50-day EMA could be supportive. However, a break below the 1.10 level is very bearish for the euro. The euro could be in the process of forming a bottoming pattern. […]

EUR/USD and GBP/USD Forecast — March 13th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 13th session. EUR/USD — The trading session was extremely volatile on Thursday session. The ECB did not cut rates. So, the market rallied a bit, and then saw a sell-off. As you can see on the daily chart, the market has been trading inside this consolidation zone. The 1.10 level looks supportive. So, you can buy the euro […]

EUR/USD and GBP/USD Forecast — March 12th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 12th session. EUR/USD — The euro was initially bullish for the trading session on Wednesday, but then fell back to show signs of exhaustion. So, rallies that show signs of exhaaustion are going to be selling opportunities. The ECB will likely continue quantitative easing and do a rate cut. To the downside, the 1.1250 level will come into play. […]

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