Posts Tagged ‘GBP/USD’

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 4th session. EUR/USD — The euro has formed a hammer candlestick at the 1.17 level. This market could likely remain in consolidation for a while. A break below 1.17 is bearish and to the downside, the 1.15 level is calling. This market looks overbought at the moment. Hence, a pullback is inevitable at the moment. GBP/USD — The pound has formed a hammer candlestick […]

EUR/USD and GBP/USD Forecast — August 3rd 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 3rd session. EUR/USD — The euro rallied on Friday session testing the 1.19 level for resistance. However, it has fallen apart, and it has fallen below the 1.18 level. This market looks overbought at the moment and this move down could be due to profit taking by sellers. The next support could come at the 1.17 level. So, pullbacks […]

EUR/USD and GBP/USD Forecast — July 31st 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 31st session. EUR/USD — The trading session was initially bearish and then broke above the 1.18 level. This market looks overbought at the moment. However, selling is difficult. The 1.20 level could be the next target. It looks like this market is trying to build a bullish flag pattern. So, pullbacks are buying opportunities […]

EUR/USD and GBP/USD Forecast — July 30th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 30th session. EUR/USD — The euro has been rallying in the recent days and it needs to overcome resistance at 1.18. So, it looks like a pullback is necessary. Also, this market looks overbought at the moment. You can expect buyers to arrive at the 1.17 level. So, pullbacks are buying opportunities at the moment. It is not recommended […]

EUR/USD and GBP/USD Forecast — July 28th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 28th session. EUR/USD — The euro has extremely bullish at the moment. It broke above the 1.17 level and is now testing the 1.18 level for resistance. The market has been parabolic lately. The trend has now changed to the upside. However, you need to wait for pullbacks and buy at lower levels. The 1.15 level is seen as a short-term floor in this […]

EUR/USD and GBP/USD Forecast — July 23rd 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 23rd session. EUR/USD — The euro has been very bullish in the recent days. The 1.16 level needs to be broken for the next move to the upside. The market could likely try to pull back towards the 1.14 level for support. Hence, pullbacks are to be bought on signs of a supportive candle. The US dollar is getting pummeled at the moment. The 1.20 level […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 20th session. EUR/USD — The Friday session saw the euro to rally strongly. So, buying dips looks like the way to play this market at the moment with the 1.15 level to be the next target. To the downside, the 1.13 level looks supportive in the short-term. GBP/USD — It looks like this market is stuck in this little consolidation zone. […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 17th session. EUR/USD — The trading session was initially bullish, then the market rolled over. As you can see on the daily chart the market was trading inside this consolidation zone. The 1.14 level is psychologically significant and strong resistance. Now the market once again has approached this level. The Fed is doing everything to kill […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 16th session. EUR/USD — The 1.14 level was broken to the upside on Wednesday session. Previously, the market made a parabolic move towards this level, and filled this gap, as you can see on the daily chart. So, this level becomes psychologically significant now. A break above the top of this candlestick, then the next target is the 1.15 level. […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 13th session. EUR/USD — The trading session was once again volatile on Friday session. It looks like this market could likely remain in consolidation between the 1.14 level and the 1.12 level. A breakdown below the 1.12 level is very bearish for the euro and the next target to the downside is the 1.10 level. This market could remain choppy […]

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