Posts Tagged ‘technical analysis’

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USD/JPY and AUD/USD Forecast — February 22nd 2019

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the February 22nd session. USD/JPY — The pair is struggling to find a direction at the moment. The market finds the 200-day EMA as resistance, which comes at the 111.00 level. A break below the 110.00 level is seen as a bearish signal and the market could reach towards the 108.00 level. The bearishness could be due to the US-China trade negotiations, which does not look positive […]

EUR/USD and GBP/USD Forecast — February 22nd 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 22nd session. EUR/USD — The Thursday session saw the market to pull back a bit. The 1.13 level looks like the bottom of this consolidation zone and provices support to push this pair higher. To the upside, the 1.15 level is the target. GBP/USD — Though the pound is bullish, it looks overbought at the moment. So, it could look for support. […]

Bitcoin Forecast — February 22nd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 22nd session. Bitcoin/USD — Once again the market rallied on Thursday session. The 4,000 level looks like strong resistance. The market has formed three shooting star candlesticks here. So, it is seen as a sign of weakness. It looks like the market is attempting to form a basing pattern. So, you can buy on dips in the short-term. But it […]

Gold Forecast — February 22nd 2019

In this video, the Trader Guy looks at the commodity, gold for the February 22nd session. Gold/USD — The Thursdsay session saw the market to fall a bit. This panic selling was triggered due to Fed. However, the FOMC statement did not mean anything significant. So, it has created some confusion in the market. But the 20-day EMA below offers support. So, pullbacks are seen as buying opportunities. It looks likely […]

EUR/USD and GBP/USD Forecast — February 21st 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 21st session. EUR/USD — The Wednesday session saw the markets to chop around a bit. The 1.1350 level is broken and could now offer some support. The market is in this consolidation zone and could grind its way higher. So, pullbacks are seen as buying opportunities. GBP/USD — The Wednesday session produced a shooting star like candlestick […]

Bitcoin Forecast — February 21st 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 21st session. Bitcoin/USD — Once again the bitcoin market rallied on Wednesday session. The market has got closer to 4,000. It looks like that the bitcoin market could be supported by the 50-day EMA. However, the market needs to overcome resistance at the 4,000 level. The volume is looking better now. This week saw the market to produce a shooting star candlestick […]

Gold Forecast — February 21st 2019

In this video, the Trader Guy looks at the commodity, gold for the February 21st session. Gold/USD — On Wednesday session, the market formed a shooting star at a place, where the market has formed a cluster previously. So, this is going to cause a short-term pullback. However, the 20-period EMA below could offer support. So, pullbacks are seen as buying opportunities. The statement from the Federal Reserve and the FOMC meeting minutes were not as dovish […]

EUR/USD and GBP/USD Forecast — February 20th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 20th session. EUR/USD — The market rallied a little bit on Tuesday session. The 1.12 level below could offer plenty of support. The 1.12 level is also the bottom of this consolidation, as you can see on the daily chart. So, pullbacks are seen as buying opportunities, with the 1.13 level to the upside as target. The market could make a slow grind […]

Bitcoin Forecast — February 20th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 20th session. Bitcoin/USD — The Tuesday session saw the market to rally pretty significantly after a quiet trading session on Monday. The Americans were celebrating the President's Day on Monday and that contributed to low volume. A break of this downtrend line is seen as a bullish sign. But the market has only reached the top of this consolidation zone, which could offer resistance. […]

Gold Forecast — February 20th 2019

In this video, the Trader Guy looks at the commodity, gold for the February 20th session. Gold/USD — The Tuesday session saw the market to break above the 1,325 level and rally quite strongly. The market has entered into a resistance zone, which extends up to 1,350. So, you can expect a pullback from here and those pullbacks are seen as short-term buying opportunities as the 20-period EMA could offer support. The US dollar has […]

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