Posts Tagged ‘technical analysis’

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USD/JPY and AUD/USD Forecast — August 3rd 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the August 3rd session. USD/JPY &mdah The trading session was initially bearish, but then found support later to rally strongly on Friday. The 106.00 level could offer strong resistance. Hence, rallies are to be faded, and sold on signs of exhaustion. AUD/USD — The Aussie pulled back a bit on Friday session, and this was due to some profit taking […]

EUR/USD and GBP/USD Forecast — August 3rd 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 3rd session. EUR/USD — The euro rallied on Friday session testing the 1.19 level for resistance. However, it has fallen apart, and it has fallen below the 1.18 level. This market looks overbought at the moment and this move down could be due to profit taking by sellers. The next support could come at the 1.17 level. So, pullbacks […]

USD/BRL Forecast — August 3rd 2020

In this video, the Trader Guy looks at the USD/BRL pair for the August 3rd session. USD/BRL — The trading session was slightly bullish on Friday session. This market has been trading sideways inside this triangle pattern. The downside looks more likely at the moment. A breakdown to the downside, then the 4.5 level is the target. To the upside, the market needs to clear resistance at the 50-day EMA and the 6.0 level is your target. The Fed is […]

EUR/USD and GBP/USD Forecast — July 31st 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 31st session. EUR/USD — The trading session was initially bearish and then broke above the 1.18 level. This market looks overbought at the moment. However, selling is difficult. The 1.20 level could be the next target. It looks like this market is trying to build a bullish flag pattern. So, pullbacks are buying opportunities […]

USD/JPY and AUD/USD Forecast — July 31st 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the July 31st session. USD/JPY — The pair rallied on Thursday session as it found support at the 105.00 level. A breakdown below the recent lows is bearish and the next target could be the 102.00 level. At the moment, the dollar is experiencing a sell-off. A break above the top of this candlestick is bullish. Any rally towards the 107.00 level is likely to be […]

USD/INR Forecast — June 31st 2020

In this video, the Trader Guy looks at the USD/INR pair for the June 31st session USD/INR — The trading session was quiet and the market just went back and forth on Thursday session. Hence, the region between the 0.7400 level and the 0.7500 level is seen as a consolidation zone. To the upside, the 0.7600 level is the target. The US dollar is getting pummeled against most currencies. The coronavirus situation in India has a strong influence in this pair. […]

Gold Forecast — July 31st 2020

In this video, the Trader Guy looks at the commodity, gold for the  July 31st session. Gold/USD — Gold opened on Thursday session gapping higher and then fell back to bounce again. So, dips are to be used as buying opportunities at the moment. This market could likely pull back to find support below. This trendline could provide plenty of support. The Fed is flooding the market with liquidity. So, the $2,000 […]

USD/JPY and AUD/USD Forecast — July 30th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the July 30th session. USD/JPY — The USD/JPY pair has been bearish and could now test the 105.00 level for support. Also, the FOMC statement was negative for the US dollar. This level looks psychologically significant. A break below the bottom of this candlestick is bearish and the 102.00 level could be targeted. So, rallies that show signs of exhaustion […]

EUR/USD and GBP/USD Forecast — July 30th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 30th session. EUR/USD — The euro has been rallying in the recent days and it needs to overcome resistance at 1.18. So, it looks like a pullback is necessary. Also, this market looks overbought at the moment. You can expect buyers to arrive at the 1.17 level. So, pullbacks are buying opportunities at the moment. It is not recommended […]

Bitcoin Forecast — July 30th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 30th session. Bitcoin/USD — Bitcoin has rallied on Wednesday session after the FOMC meeting minutes. Bitcoin is priced in US dollars. Now, bitcoin has broken above the $10,000 level, which is psychologically significant, and it could now acts as support. The $12,000 level could be seen as the next target. So, pullbacks should be seen as value […]

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