Posts Tagged ‘technical analysis’

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EUR/USD and GBP/USD Forecast — April 24th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 24th session. EUR/USD — The Tuesday session saw the market to fall aggressively to the downside looking for support at 1.12. A break below this level is very bearish. Also, gold market is experiencing bearishness. A break above there recent highs is seen as bullish. However, you need to see a break below 1.1150 to see bearishness. Right […]

USD/MXN Forecast — April 24th 2019

In this video, the Trader Guy looks at the USD/MXN pair for the April 24th session. USD/MXN — The Monday and Tuesday sessions saw the market to rise strongly and is now currently testing the resistance at 19.00. The 50-day EMA could offer resistance. To the downside, the 18.75 level could offer support. Looking at the 4-hour chart, you can see a negative candle here, which indicates that perhaps the market could fall from here. It […]

Gold Forecast — April 24th 2019

In this video, the Trader Guy looks at the commodity, gold for the April 24th session. Gold/USD — The market broke below the 1,275 level and turned bearish on Tuesday session. The 1,265 level looks supportive. Also, this uptrend line coming at 1,260 looks supportive. So, rallies at the moment that show signs of exhaustion are to be sold. However, this market is dependent on whether the greenback strengthens or weakens by the way Fed deals […]

Bitcoin Forecast — April 23rd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 23rd session. Bitcoin/USD — The Monday session saw the market to rally strongly. However, it was low volume due to Easter Day celebrations on Monday. Still, the candlestick from Monday session looks bullish. It looks like the market is testing the 5,500 level for resistance and a break above, the market could reach towards the 6,000 level. So, pullbacks are […]

Gold Forecast — April 23rd 2019

In this video, the Trader Guy looks at the commodity, gold for the April 23rd session. Gold/USD — Initially the market rallied on Monday session, but the rolled over,. Still, the 200-day EMA and the 1,275 level are offering support. However, a break of the neckline of the head and shoulders pattern see this market to reverse to the downside. In that case, the market could be reaching down towards the 1,200 level.

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 22nd session. EUR/USD — In the absence of volume due to Good Friday celebrations, the market was slightly bearish on Friday session. The market is trading close to the 1.12 level, which is supportive, and is the bottom of this consolidation zone. You can look at 1.14 as the top of this consolidation. A break below 1.12 is very bearish for this pair. […]

USD/MXN Forecast — April 22nd 2019

In this video, the Trader Guy looks at the USD/MXN pair for the April 22nd session. USD/MXN — The Friday session saw the market to lose value against the Mexican peso. But the market had low volume due to Good Friday celebrations. A break below the current level is bearish and the market could reach down towards the 18.50 level, to the downside. Both the 50-day EMA and the 200-day EMA are pointing downwards. So, you can […]

Gold Forecast — April 22nd 2019

In this video, the Trader Guy looks at the commodity, gold for the April 22nd session. Gold/USD — Gold market saw little volume due to Good Friday celebrations on Friday session. A break of the neckline of this head and shoulders pattern is bearish and the market could reach down towards the 1,250 level. It looks like the greenback is gaining strength. So, this market could go lower. However, this 200-day EMA […]

USD/JPY and AUD/USD Forecast — April 19th 2019

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the April 19th session. USD/JPY — The market is facing strong resistance at 112.00 and rolled over on Thursday session. It looks like the market is attempting to form an ascending triangle pattern. A break to the upside is bullish. Pullbacks are seen as buying opportunities., as both the moving averages below look supportive. AUD/USD — The pair pulled back a bit […]

EUR/USD and GBP/USD Forecast — April 19th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 19th session. EUR/USD — The Thursday session saw the market to sell-off. The market is trading closer to 1.12, which is the bottom of this consolidation zone. The 50-day EMA is offering resistance. It is low volume due to Good Friday celebrations. At the moment, the market is looking bearish. So, it is better to wait until the Monday […]

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