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Daily Market News — October 16th 2019

The pound and the stiock market are looking bullish. The yen is the weakest among the major currencies at the moment. The EUR/USD pair looks range bound and is trading above the support level at 1.1018. The resistance levels are 1.1131, 1.1162, and 1.1188. The support levels are 1.1018, 1.0993, and 1.0966. The USD/JPY pair looks strongly bullish and is trading below the resistance at 109.00. The resistance levels are 109.00, 109.48, and 109.96. The support levels are […]

Daily Market News — October 15th 2019

The Japanese yen looks extremely bearish at the moment. The stock market and the pound look bullish. The EUR/USD pair looks range bound and is unclear of direction at the moment. It is trading above the support level at 1.1080. The resistance levels are 1.1131, 1.1162, and 1.1198. The support levels are 1.1018, 1.10000, and 1.0966. The USD/JPY pair looks bullish, but faces strong resistance at the 109.00 level. The resistance levels are 108.71, 109.00, and 109.48. […]

Daily Market News — October 10th 2019

Looking at the major currency pairs, the yen looks as the weakest, and the euro is the strongest currency. The EUR/USD pair looks range bound and is trading above the support level at 1.0965. The resistance levels are 1.1024, 1.1131, and 1.1162. The support levels are 1.0966, 1.0941, and 1.0904. The USD/JPY pair is looking strongly bullish and is testing the resistance at 107.63. The resistance levels are 107.63, 108.07, and 108.43. The support levels are 106.44, 106.08, […]

Gold Forecast — October 9th 2019

In this video, the Trader Guy looks at the commodity, gold for the October 9th session. Gold/USD — The 50-day EMA, which comes at the $1,490 level has offered support. So, gold bounced off this level on Tuesday session. Also, the area above the ascending triangle pattern, and this uptrend line look supportive. So, dips are seen as buying opportunities. It is interesting to note that negative headlines coming out […]

Daily Market News — September 25th 2019

The greenback looks strong. The euro, the Australian dollar, and the New Zealand dollar look weak at the moment. The EUR/USD pair looks bearish and is facing strong resistance at 1.1024. The resistance levels are 1.1024, 1.1131, and 1.1162. The support levels are 1.0865, 1.0700, and 1.0684. The USD/JPY pair looks strongly bearish and looks likely to test support at 107.00. The resistance levels are 107.65, 107.77, and 108.06. The support levels are 107.72, 106.44, and 108.08. […]

Daily Market News — September 23rd 2019

In commodities, silver is looking bullish. Also, the Japanese yen and the greenback are looking bullish. The pound looks less bullish at the moment. The EUR/USD pair is trading above the support level at 1.10 and is range bound at the moment. The resistance levels are 1.1131, 1.1162, and 1.1198. The support levels are 1.0994, 1.0865, and 1.0700. The USD/JPY pair is experiencing a sell-off and has made a new low resistance at 107.76. The resistance levels are […]

Daily Market News — September 19th 2019

The Australian dollar looks slightly bearish. The Japanese yen looks strongly bullish at the moment. The EUR/USD pair has found support at the 1.10 level and is range bound at the moment. The resistance levels are 1.1131, 1.1162, and 1.1196. The support levels are 1.0994, 1.0865, and 1.0700. The USD/JPY pair has turned bearish after the release of the policy statement by the Bank of Japan. The resistance levels are 108.43, 108.71, and 109.00. The support levels are 107.46, […]

Daily Market News — September 18th 2019

The commodity currencies and the yen are looking weak. The British pound looks bullish at the moment. The EUR/USD pair is consolidating and is recovering from the lows at 1.10. The resistance levels are 1.1131, 1.1162, and 1.1198. The support levels are 1.1058, 1.0994, and 1.0865. The USD/JPY is looking slightly bullish and is range bound between the 108.00 and the 109.00 level. The resistance levels are 108.43, 108.71, and 109.60. The support levels are 107.91, 107.46, […]

Daily Market News — September 17th 2019

The greenback and the Crude Oil are looking bullish. The New Zealand dollar and the stock market look relatively bearish. The EUR/USD pair looks strongly bearish today as it faces strong resistance at the 1.10 level. The resistance levels are 1.1036, 1.1056, and 1.1131. The support levels are 1.0865, 1.0599, and 1.0684. The USD/JPY pair looks slightly bullish and it made new multi-week high during the Asian session. The resistance levels are 108.43, […]

Daily Market News — September 16th 2019

The risk-off sentiment is dominating the market due to fears of war in the gulf. Hence precious metals like gold, the yen, and the Crude Oil are gaining from it. The EUR/USD pair looks range bound at the moment and is trading above the 1.1156 level. The resistance levels are 1.1131, 1.1162, and 1.1198. The support levels are 1.1056, 1.1036, and 1.0965. The USD/JPY pair has gapped lower on open and is going through a recovery from […]

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