Posts Tagged ‘technical analysis’

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USD/JPY and AUD/USD Forecast — January 28th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the January 28th session. USD/JPY — The USD/JPY pair has gapped lower upon the opening of the Monday's trading session and has formed a neutral candlestick. A break above the top of this candlestick, then the next target to the upside is the 110.00 level. A break below the recent lows, then this uptrend line will come into play. Also, the 200-day EMA, […]

EUR/USD and GBP/USD Forecast — January 28th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 28th session. EUR/USD — As you can see on the daily chart, the market has been trading inside this large consolidation zone. Now, it has reached towards the bottom of this zone. The 1.10 level below looks strongly supportive. However, the 50-day EMA above will offer strong resistance. Hence, choppy conditions could prevail […]

Gold Forecast — January 28th 2020

In this video, the Trader Guy looks at the commodity, gold for the January 28th session. Gold/USD — Gold market gapped higher upon the opening of the Monday session. So, it makes sense that the market will likely pull back to fill this gap. So, pullbacks are seen as value at the moment. The 50-day EMA and the $1,550 level are seen supportive at the moment. So, selling is not recommended, and buying dips is […]

EUR/USD and GBP/USD Forecast — January 27th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 27th session. EUR/USD — The market is now approaching the 1.10 level, which is the bottom of this consolidation zone. So, it makes sense that you can expect a short-term bounce from this level. You can expect the 50-day EMA to offer resistance. Hence, on signs of a supportive candlestick like hammer, you can buy […]

Bitcoin Forecast — January 27th 2020

In this video, the Trader Guy looks at the commodity, gold for the January 27th session. Bitcoin/USD — The market is seeing a pullback now and it is attempting find support at the moving averages. Also, this broken bearish trendline could now act like support. A break below the $8,000 level is bearish. Then you can expect the market to reach towards the $5,000 level, which is the target of this descending triangle […]

Gold Forecast — January 27th 2020

In this video, the Trader Guy looks at the commodity, gold for the January 27th session. Gold/USD — The Friday's trading session was bullish. The market is showing now more bullish tendencies in line with this uptrend. This was due to the statement by the ECB President, Christine Lagarde, about the continuation of quantitative easing. So, it looks like the $1,600 level is the next target to the upside. To the downside, the $1,550 level, and the 50-day EMA […]

Forex Technical Analysis Tutorial for Beginners

Technical analysis is a study of past chart data to predict the future. Market is driven by the mass psychology of the traders. You can expect the patterns to repeat again in the future. You make use of past price movements to find the probability of future price movements. Traders who trade based on technical analysis believe that all market variables are reflected in the price. Hence, you need time, and the practice to achieve skills as a trader. […]

CADJPY: Possible Short Opportunity in the Works — Forex Forecast

Watch this video by Justin Bennett, about his analysis on the CAD/JPY pair. In his forecast, he talks about the two possible short opportunities that could materialize in the coming days. CAD/JPY — In the recent days, you can see a lot of choppiness in this pair. The market is expected to reach the top of this downward sloping channel. The market recently tested the bottom of this channel forming a bullish pin bar candlestick. […]

Popular Chart Indicators

In this video, you will look at the four important technical indicators. These indicators are also known as oscillators. MACD: MACD stands for Moving Average Convergence Divergence and this indicator is used for identifying potential bullish or bearish trend reversal. This indicator consists of a fast and a slow moving average. Also, a histogram that indicates the changes in momentum. Stochastic: This indicator is used for detecting potential trend reversals. It […]

USD/JPY and AUD/USD Forecast — January 24th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the January 24th session. USD/JPY — The pair recently made a bullish breakout, but now looks like the bulls are losing strength. Now, the 50-day EMA could be tested for support. Also, the 38.2% Fib retracement level comes at this level,. The market has been making higher lows. This pair is driven by the risk appetite. So, […]

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