Posts Tagged ‘technical analysis’

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 22nd session. EUR/USD — The market fell after finding strong resistance at the 1.11 level. The Jackson Hole Symposium is ahead and that could have a strong influence on this market. To the downside, the 1.10 level looks supportive. You can use the 50-day EMA above as resistance and fade rallies to sell them. German economy is moving towards […]

Bitcoin Forecast — August 22nd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 22nd session. Bitcoin/USD — The Wednesday session was very bearish for bitcoin. The bullish scenario remains the same. The 50-day EMA, the uptrend line and the $10,000 level look supportive. So, the next week will be crucial to see if this level holds. The highs are getting lower. Investments are flowing away from the fiat currencies, which is good […]

Gold Forecast — August 22nd 2019

In this video, the Trader Guy looks at the commodity, gold for the August 22nd session. Gold/USD — Gold initially fell on Wednesday session testing the $1,500 level, which looks supportive,. The area below this also looks very strongly supportive Any break below, the market could reach towards the top of the ascending triangle pattern and the 50-day EMA. So, buying dips should work at the moment. Central banks like the Fed and the ECB […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 21st session. EUR/USD — The 1.11 level at the moment is seen as strong resistance. Any rally from here, the 50-day EMA will come into play and offer strong resistance. So, selling rallies that show signs of exhaustion is the way to play this market. To the downside, the 1.10 level looks supportive. The next target is 1.05. […]

Bitcoin Forecast — August 21st 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 21st session. Bitcoin/USD — Initially, the market rallied, but then fell back to give back the gains. The market is still in an uptrend. The 50-day EMA, the $10,000 level, and the uptrend line indicate confluence. Also, there was a formation of multiple hammer candlesticks at this level. So, the $12,000 level is seen as the next short-term target. Investors are awaiting to hear […]

Gold Forecast — August 21st 2019

In this video, the Trader Guy looks at the commodity, gold for the August 21st session. Gold/USD — At the moment, the $1,500 level is offering support to gold. The market has been drifting sideways over the last few sessions. Any fall below, the $1,450 level below will offer support. The Jackson Hole symposium will be held this week and speech by the executives of the central bank will cause volatility in the markets. To the downside, the 50-day […]

USD/JPY and AUD/USD Forecast — August 20th 2019

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the August 20th session. USD/JJPY — The market on the Monday session rallied strongly towards the 107.00 level, which is resistance. Pay attention the S&P 500 index chart. If it breaks above the resistance, then this pair will also rally. To the downside, the 105.00 level is the target. You can make an argument for a basing pattern. So, you […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 20th session. EUR/USD — Initially, the trading session was bullish, but then turned bearish as the 1.11 level offered strong resistance. It looks like the 1.10 level is the next target to the downside. Any break below, the next target could be the 100% Fib retracement level. A break above the top of the candlestick from Monday session, […]

Bitcoin Forecast — August 20th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 20th session. Bitcoin/USD — Bitcoin rose from this uptrend line on Monday session, which also coincides with the 50-day EMA offering support. Also, you have a couple of hammer candlesticks at the $10,000 level. So, this is seen as confluence. Pullbacks are buying opportunities and you can aim for the $12,000 level in the short-term. To the downside, the$8,000 level could […]

Gold Forecast — August 20th 2019

In this video, the Trader Guy looks at the commodity, gold for the August 20th session. Gold/USD — Gold fell strongly on Monday session. Now, the $1,500 level is being tested for support. If it breaks, then the next support exists at the $1,450 level. The market looks overbought at the moment. The 50-day EMA and the uptrend line are also looking supportive. Investors are waiting for the Jackson Hole symposium this week. Any comments […]

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