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Daily Market News — March 31st 2020

The US stock market and the riskier assets are going through a recovery and the forex market is going through a consolidation. The EUR/USD pair looks more bearish as it is threatening to break below the 1.10 level. The resistance levels are 1.1056, 1.1251, and 1.1381. The support levels are 1.0993, 1.0889, and 1.0710. The USD/JPY is range bound at the moment and is facing strong resistance at the 108.59 level. The resistance levels are 108.59, 109.19, […]

Daily Market News — March 30th 2020

Riskier assets except the Crude Oil is rising. However, the market is not clear of any direction at the moment. The EUR/USD pair is looking slightly bullish above the 1.10 level. The resistance levels are 1.1251, 1.1381, and 1.1617. The support levels are 1.1080, 1.0993, and 1.0889. The USD/JPY pair looks more stable now as it seems to have bottomed out at 107.00. The resistance levels are 108.24, 108.59, and 109.19. The support […]

Gold Forecast — March 27th 2020

In this video, the Trader Guy looks at the commodity, gold for the March 27th session. Gold/USD — Gold market saw a sideways price action on Thursday session. The market looks a bit indecisive at the moment. So, the market could simply consolidate between the $1,650 level and the $1,700 level. The $1,700 level is psychologically significant and could offer strong resistance. You need to see a candle close above this level to see the next buy […]

Daily Market News — March 26th 2020

The stocks, riskier currencies, and commodities are once again seeing a bearish sentiment. The euro and the yen are looking bullish. The EUR/USD pair looks slightly bullish as the resistance at 1.0960 likely to hold. The resistance levels are 1.0960, 1.1056, and 1.1251. The support levels are 1.0889, 1.0710, and 1.0639. The USD/JPY pair is looking slightly bearish as the yen is getting stronger. The resistance levels are 110.77, 111.82, and 112.40. The support levels are […]

Daily Market News — March 25th 2020

Yesterday's trading session saw a short-term recovery in the US stock market, commodities, and riskier currencies. The EUR/USD pair is going through a bullish consolidation, as a medium-term bottom at 10639 looks more likely. The resistance levels are 1.0881, 1.0960, and 1.1056. The support levels are 1.0710, 1.0639, and 1.0615. The USD/JPY pair looks increasingly bullish as the yen is getting weaker at the moment. The resistance levels are 111.82, 112.40, and 112.93. The support levels […]

Daily Market News — March 24th 2020

A short-term counter trend move is in place, as there is a decline in recovery for the US dollar, stocks, and the risky assets. The EUR/USD pair looks weakly bullish as a medium-term bottom at 1.0639 looks likely. The resistance levels are 1.0960, 1.1056, and 1.1250. The support levels are 1.0615, 1.0710, and 1.0639. The GBP/USD pair is going through a bullish consolidation above the 109.50 level. The resistance levels are 111.82, 112.40, and 112.93. The support levels […]

Daily Market News — March 23rd 2020

The US stock market, commodities, and commodity currencies, and the pound are looking bearish. The US dollar looks strongly bullish among the major currencies. The EUR/USD pair looks bearish now as it closed the Friday session reaching a new 2.5-year low price. The resistance levels are 1.0815, 1.0960, and 1.1056. The support levels are 1.0639, 1.0615, and 1.0572. The USD/JPY pair looks slightly bullish above the 109.50 level. Both the US dollar […]

Two Tips for Finding High Probability Trades with Forex News

In this video, you will focus on how to find high probability trade setups using forex news without having to rely on an economic calendar. It is about tracking sentiment, understanding the context, and then trade when the market expectations suddenly change. Retail traders rely on news sources which are slow, vague, and cluttered. So, you need to focus on news feeds that focus on breaking market moving news. […]

Daily Market News — March 18th 2020

The US stock market, commodities, and the commodity currencies are experiencing a bearish sentiment. The US dollar is the strongest among the major currencies. The EUR/USD pair has made a bearish breakout below the support at the 1.1065 level. The resistance levels are 1.1065, 1.1251, and 1.1381. The support levels are 1.0950, 1.0918, and 1.10907. The USD/JPY pair is trading in a wide consolidation and the 105.21 level looks pivotal at the moment. The resistance levels are 108.59, 109.76, […]

Daily Market News — March 17th 2020

The commodity currencies and the US stock market fell strongly. The US dollar looks very strong among the major currencies. The EUR/USD pair seems to be stabilizing and is range bound between the 1.1251 level and the 1.1065 level. The resistance levels are 1.1251, 1.1381, and 1.1517. The support levels are 1.1065, 1.0950, and 1.0915. The USD/JPY pair is going through a bullish consolidation between the 105.21 level and the 107.40 level. The resistance levels are […]

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