Posts Tagged ‘GBP/USD’

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EUR/USD and GBP/USD Forecast — May 22nd 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 22nd session. EUR/USD — As you can see on the daily chart, the 1.10 level is psychologically significant, and offers strong resistance. So, the market faces exhaustion here, and likely to go towards the 1.08 level again. The 20-day EMA could be supportive. The market has been choppy and it could continue for a while. GBP/USD — The pound showed […]

EUR/USD and GBP/USD Forecast — May 21st 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 21st session. EUR/USD — The trading session was initially bullish, the 1.10 level proved to be strong resistance. So, the market is likely to consolidate in the near future. You need to see a strong move with a candle close above the 200-day EMA to look for a trend change. The 1.10 level is seen as the top of the range and the 1.0750 level as the bottom. […]

EUR/USD and GBP/USD Forecast — May 19th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 19th session. EUR/USD — The trading session was bullish on Monday session as the euro broke above the 1.09 level. However, the market is trading below the area, which is strong resistance. The 1.10 level is psychologically significant and strong resistance. So, you can sell rallies that show signs of weakness at the moment, targeting the 1.08 level […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 18th session. EUR/USD — The trading session was quiet on Friday. The market was in a consolidation between the 1.07 level and the 1.0950 level. The 1.10 level is strong resistance and psychologically significant. So, rallies that show signs of exhaustion are selling opportunities. To the downside, the 1.06 level is the target. GBP/USD — The trading session was extremely bearish […]

EUR/USD and GBP/USD Forecast — May 15th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 15th session. EUR/USD — The euro is testing for support at the 1.0750 level. As you can see on the daily chart, the market has been trading inside this downtrend. So, any rally from here towards the 50-day EMA is likely to be capped, and you can utilize it as a selling opportunity. Also, the 1.09 level is seen […]

EUR/USD and GBP/USD Forecast — May 14th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 14th session. EUR/USD — The euro rallied a bit on Wednesday session. The 5-day EMA above could offer strong resistance. This market has been trading in a downtrend. So, selling rallies on signs of exhaustion is the way to trade this market at the moment. A break below the 1.0750 level is bearish and the next target to the downside is the 1.05 level. […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 13th session. EUR/USD — The euro rallied strongly on Tuesday session. But the 1.09 level offered strong resistance. So, it looks like the market could roll over once again to fall to the downside. To the downside, the 1.05 level is calling. So, look for exhaustion to sell rallies at the moment. GBP/USD — The pound also looks bearish at the moment. […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 12th session. EUR/USD — The euro is proving to be resilient at the moment. The market tried to rally initially, but then rolled over on Monday session. The downside looks more likely at the moment with the 1.0750 level as the initial target and the 1.05 level as the next target. The 1.0950 level is seen as the beginning of the supply zone. So, fading rallies, and selling […]

EUR/USD and GBP/USD Forecast — May 8th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 8th session. EUR/USD — The euro found support at the 107.50 level initially on Thursday session and then bounced off to reach the 1.0830 level. A break above the top of the candlestick from Wednesday session is a buy signal technically and the next resistance comes from the 50-day EMA. The fed funds rate has gone negative, which is not good […]

EUR/USD and GBP/USD Forecast — May 7th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 7th session. EUR/USD — The pair has fallen towards the bottom of this range. So, you can expect a bounce. However, selling looks more attractive at the moment. So, you can fade rallies closer to 1.0950 level, and sell them on signs of exhaustion. A breakdown below the 1.0750 level is very bearish and the next target to the downside is […]

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