Posts Tagged ‘GBP./USD’

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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. […]

EUR/USD and GBP/USD Forecast — March 11th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 11th session. EUR/USD — The market looks choppy at the moment. Also, the gap from the last week is now filled. The 1.1250 level looks supportive. A break below this level is very bearish and the market will look for the 200-day EMA for support. GBP/USD — As you can see from the daily chart, the market has been making […]

EUR/USD and GBP/USD Forecast — March 10th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 10th session. EUR/USD — The euro has rallied strongly on Monday session. However, the 1.15 level seems to be strong resistance, and hence a pullback is inevitable. This is due to the interest rate differential between the Fed and the ECB. Also, the market looks overbought at the moment. GBP/USD — It looks like a pullback is inevitable in this market […]

EUR/USD and GBP/USD Forecast — March 9th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 0th session. EUR/USD — The euro is extremely bullish at the moment. To the downside, the 1.1250 level will offer strong support. So, pullbacks are buying opportunities. Only a break below the 200-day EMA is seen as a trend change. The market will continue to price in another rate cut by the Fed. Hence, the euro will continue to rally. GBP/USD — […]

EUR/USD and GBP/USD Forecast — March 6th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 6th session. EUR/USD — The euro looks very bullish at the moment. A test of the 1.1250 level for resistance looks likely. However, the market looks overbought at the moment. Also, two rate cuts by the Fed in the near future looks very likely. You have the jobs number coming out today, which can cause significant volatility in the market. At the moment, pullbacks […]

EUR/USD and GBP/USD Forecast — March 5th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 4th session. EUR/USD — Now, the market is testing the 200-day EMA for support. Looking at the hourly chart, you can make an argument for a double bottom pattern. A break below the lows, then the 1.10 level is the target to the downside. More rate cuts by the Fed looks likely at the moment. So, choppy conditions could prevail in the market for a while. GBP/USD […]

EUR/USD and GBP/USD Forecast — March 4th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 4th session. EUR/USD — The trading session was initially bullish on Tuesday, but the market gave back some of the gains after the rate cut announcement by the Fed. The market looks overbought at the moment. Looking at the MACD, you can spot divergence. A candle close above the 1.12 level is seen as a trend change. The ECB looks more likely to do […]

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