Posts Tagged ‘technical analysis’

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 22nd session. EUR/USD — Initially, the trading session was bullish, but as the ZEW economic sentiment came from Germany, the market fell back to give back the gains. Now, the 50-day EMA could be tested for support. The market has been trading inside this consolidation zone. You cannot expect bigger moves, but you can […]

Gold Forecast — January 22nd 2020

In this video, the Trader Guy looks at the commodity, gold for the January 22nd session. Gold/USD — The trading session saw a sideways price action on Tuesday. However, the daily candlestick from Tuesday session indicates an increase in volatility right after the Martin Luther King Day celebrations in the US. The market looks a bit unclear at the moment and looks like it is trying to build enough momentum to make to the upside. To the downside, the 50-day EMA and the $1,500 […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 21st session. EUR/USD — The Monday session saw a sideways price action and volatility was an issue due to Martin Luther King Day in the US. The 50-day EMA below looks supportive. A break below the recent lows, then the 1.10 level is the target to the downside. The market has been trading inside this consolidation zone. So, you can […]

Bitcoin Forecast — January 21st 2020

In this video, the Trader Guy looks at the commodity, gold for the January 20th session. Bitcoin/USD — Bitcoin broke above the $9,000 level on Monday session. But it fell back to show signs of weakness. Recently, this bearish trendline was broken to the upside. The 50-day EMA and the 200-day EMA are coming at the $8,000 level. A break above the top of this candlestick is bullish and the next target could be the $10,000 level. In the meantime, […]

Gold Forecast — January 21st 2020

In this video, the Trader Guy looks at the commodity, gold for the January 21st session. Gold/USD — The trading session was slightly bullish on Monday. It was Martin Luther King Junior Day in the United States. Hence, liquidity was an issue. As you can see, you can make an argument for a bullish flag pattern. Gold looks set to go towards much higher prices. So, the idea of buying dips looks good […]

Gold Forecast — January 20th 2020

In this video, the Trader Guy looks at the commodity, gold for the January 20th session. Gold/USD — The trading session from Friday was bullish, as evident from this bullish candlestick on the daily chart. The top of this shooting star candlestick indicates strong resistance. However, with the 50-day EMA offering support, the short-term dips are seen as buying opportunities. The bulls need to do hard work to break above the $1,600 level. In the meantime, […]

USD/JPY and AUD/USD Forecast — January 17th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the January 17th session. USD/JPY — The market is testing the highs for resistance, at the top of this shooting star candlestick pattern. To the downside, the 109.60 level will offer support. So, pullbacks are buying opportunities. To the upside, the 111.00, and the 111.00 level are the targets. AUD/USD — Initially, the trading session was bullish, but the macroeconomic data released from the US […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 17th session. EUR/USD — Initially, the trading session was bullish, but the market then rolled over as the retail sales, and the unemployment data released from the US boosted the US dollar. The market is trading just above the 200-day EMA. The lows are getting higher. So, the market is going to be choppy for a while. GBP/USD — The market […]

Gold Forecast — January 16th 2020

In this video, the Trader Guy looks at the commodity, gold for the January 16th session. Gold/USD — The trading session was strongly bullish on Thursday. This was due to the market reacting to the US-China phase 1 trade deal. You can make an argument for a bullish flag pattern here. It looks like the market is trying to build enough momentum to make it to the upside again. The 50-day EMA and the $,520 level look supportive. […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 15th session. EUR/USD — The market saw a sideways price action on Tuesday. The market is moving sideways between the 50-day EMA and the 2990day EMA at the moment. Hence, choppiness is going to dominate this market at the moment. To the upside, the 1.12 is the resistance barrier. To the downside, the 1.10 level is where you can expect buyers to step into the market. […]

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