Posts Tagged ‘GBP/USD’

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the September 8th session. EUR/USD — It was a thin trading session on Monday, as it was Labor Day in the US. Also, as you can see on the daily chart, the market is trading inside this ascending price channel. You can see a couple of hammer candlesticks at the lower trendline of the channel, which suggests that this market could rally […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the September 7th session. EUR/USD — The euro showed nice recovery on Friday session, as the 1.18 level offered support, and the jobs number came out of the US. As you can see on the daily chart, the market has been trading inside this ascending price channel. To the upside, the 1.20 level is the next target. The market could slowly grind its way […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the September 4th session. EUR/USD — The trading session was initially bearish, but the market, then found support at the later part of the session. To the upside, the 1.20 level looks psychologically significant, and could offer strong resistance. Hence, you need to see a candle close above this level for a long-term move to the upside. To the downside, the 50-day EMA looks supportive. This […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the September 3rd session. EUR/USD — The euro is now testing the 1.18 level for support. Also, it is trading inside this ascending price channel. So, you should use dips as buying opportunities. You have the jobs number to be released on Friday from the US. To the downside, the 1.17 level is supportive. So, selling does not […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the September 2nd session. EUR/USD — The euro tested the 1.20 level for resistance on Tuesday session, but then rolled over. So, it looks likely that a pullback is coming for the market to build enough momentum to break above the 1.20 level. However, you need to wait for the release of the jobs number from the US. To the downside, the 1.18 level is supportive. […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the September 1st session. EUR/USD — The euro rallied quite nicely on Monday session. It is trading inside this ascending price channel. Also, you have this double top pattern here. This market is bullish and pullbacks are seen as buying opportunities. This market also needs to overcome major resistance at 1.20. You have […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 31st session. EUR/USD — The euro tried to break above the 1.20 level on Friday session. The 1.20 level is now psychologically significant. Hence a break above this level is seen as a long-term move to the upside. In the meantime, this market could consolidate between the 1.17 level and the 1.19 level, which is good for scalpers. Recently, Jerome Powell, […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 28th session. EUR/USD — The euro went sideways on Thursday session. The market front ran the conversation from Jerome Powell, the Fed President at the Jackson Hole symposium. The 1.19 level is offering resistance now. Also, this market is now trading inside this ascending price channel. It looks like this market could grind […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 27th session. EUR/USD — The trading session was slightly bearish on Tuesday session, but then the market showed signs of life. Investors are waiting for the speech from Jerome Powell, the Fed President, from Jackson Hole. It will have significant impact on this market. In the meantime, this market is stuck between the 1.17 level and the 1.19 […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 26th session. EUR/USD — The euro is recovering now. As you can see on the daily chart, you have this inverted hammer candlestick. Pullbacks are buying opportunities at the moment. However, this market could likely consolidate between the 1.17 level, and the 1.19 level. You have the speech from Jerome Powell, the Fed President on Thursday at Jackson […]