Posts Tagged ‘technical analysis’

Random video

Archives

Bitcoin Forecast — December 10th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 10th session. Bitcoin/USD — The market is showing signs of weakness at the moment. The measured objective of this descending triangle pattern comes at the $5,000 level. A breakdown below the recent lows is a signal to sell. The 50-day EMA could cross below the 200-day EMA as the price moves lower. So, rallies are going to be short lived and you should see them […]

USD/JPY and AUD/USD Forecast — December 10th 2019

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the December 10th session. USD/JPY — The market fell initially on Monday session, and it formed a hammer candlestick, as the 108.50 level offered support. The market looks choppy at the moment and it has been trading inside this upward sloping channel. This market has a trendency to grind slowly to the upside. But it has to do more with the headlines related […]

EUR/USD and GBP/USD Forecast — December 10th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the December 10th session. EUR/USD — The trading session was initially bullish on Monday and the market gave back some of its gains. You can perceive it as weakness at higher levels and you should sell such failed rallies. This market has been trading inside this large downtrend, as evident from this downward sloping channel. The 1.12 […]

Bitcoin Forecast — December 9th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 9th session. Bitcoin/USD — Bitcoin is struggling to hold on to the gains at the moment. The market has been trading inside this downward sloping channel and also below the descending triangle pattern, with a measured objective coming at the $5,000 level. Only a daily candle close above the $10,000 level can convince buyers in this market. The market looks bearish at the moment. So, […]

Gold Forecast — December 9th 2019

In this video, the Trader Guy looks at the commodity, gold for the December 9th session. Gold/USD — Gold was very bearish on Friday session. It has been trading inside this descending price channel. However, you can expect the area above the top of this ascending triangle pattern to provide support. Also, the 200-day EMA looks supportive. At the moment, this market is sensitive to risk appetite. Negative headlines on&nbsp […]

EUR/USD and GBP/USD Forecast — December 6th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the December 6th session. EUR/USD — The trading session was slightly bullish for the euro. The jobs numbers to be released from the US will have significant impact on this market. The market has been range bound within the 1.10 and the 1.12 level within this large downtrend, as evident from this descending price channel. To the upside, the 200-day EMA will […]

Gold Forecast — December 6th 2019

In this video, the Trader Guy looks at the commodity, gold for the December 6th session. EUR/USD — The Thursday session saw the market to rally a bit. The market has formed a shooting star and is trading close to the top of the descending channel. However, the 50-day EMA could offer support. With the jobs number to be released from the US, you have to wait and see its impact on this market. A candle close above the $1,500 level […]

Bitcoin Forecast — December 5th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 5th session. Bitcoin/USD — The market rallied slightly on Wednesday session, up about 2%. However, it ran into an area of resistance. The measured objective of this descending triangle pattern comes at the $5,000 level. So, you can look for signs of weakness to sell bitcoin at the moment. Only a candle close above the $10,000 level can be considered bullish. However, […]

Gold Forecast — December 5th 2019

In this video, the Trader Guy looks at the commodity, gold for the December 5th session. Gold/USD — Gold market was slightly bullish on Wednesday session. However, as the market reached the top of this descending channel, it only showed signs of weakness from bulls. A breakdown below the $1,450 level will cause the market to look for support at the 200-day EMA. It is all based on risk-on, risk-off sentiment for this market. However, the market […]

GBPUSD: Next Leg Higher to Materialize Above 1.2980 | Forex Forecast

Watch this video by Justin Bennett, about his analysis on the GBP/USD pair. In his forecast, he talks about what GBPUSD buyers need to do to send the pair higher, including what key levels to keep an eye on. GBP/USD — The market has been consolidating between the 1.2770 level and the 1.2980 level. The market has rallied during the month of October for nearly 800 pips. The market has been making higher […]

Navigation

Menu