Posts Tagged ‘technical analysis’

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WTI Crude Oil and USD/CAD Forecast — April 2nd 2021

In this video, the Trader Guy looks at commodities Crude Oil and USD/CAD for the April 2nd session. WTI Crude Oil — The oil market rallied on Thursday session, but it was very volatile. The 50-day EMA below offered support. A break above the top of this candlestick is bullish and the next target is 65.00. A breakdown below the recent lows is very bearish and the support could be located at 52.50. You […]

EUR/USD and GBP/USD Forecast — April 2nd 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 2nd session. EUR/USD — As the yields in the US bond market fell a bit, the euro rallied slightly. So, pay attention to the yields in the US Treasury security. If the yields continue to rise, then the next support level could be located at the 1.16 level. You need to see a daily candle close above the 200-day EMA for a major move to the upside. […]

Bitcoin Forecast — April 2nd 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 2nd session. Bitcoin/USD — As you can see on the daily chart, the $60,000 level is seen as the psychological barrier. A break above this level will cause a major move to the upside. So, buying pullbacks will work at the moment. To the downside, the 50-day EMA will come into play, which comes at the $50,000 level. The institutional money like Tesla is flowing […]

Gold Forecast — April 2nd 2021

In this video, the Trader Guy looks at the commodity, gold for the April 2nd session. Gold/USD — Gold rallied strongly on Thursday session. However, it looks likely that gold could go sideways at the moment. A break above the $1,750 level is very significant. You can make an argument for a double bottom pattern. A breakdown below the recent lows is very bearish and the next support could be located at the $1,500 level. […]

Gold Forecast — April 1st 2021

In this video, the Trader Guy looks at the commodity, gold for the April 1st session. Gold/USD — As you can see on the daily chart, there is a potential double bottom pattern. The yields in the bonds market is still rising which could protect downward pressure on gold. The 50-day EMA is below the 200-day EMA now. A breakdown below the recent lows is very bearish and the $1,600 level is a major support level. […]

Bitcoin Forecast — April 1st 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 1st session. Bitcoin/USD — Bitcoin is struggling to overcome resistance at the $60,000 level, which is seen as the psychological barrier, and major resistance. Hence, a break above this level is very significant, and can cause a major move to the upside. The 50-day EMA will come into play to the downside. The yields in the bond market continue to rise in the US, which could see […]

EUR/USD and GBP/USD Forecast — April 1st 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 1st session. EUR/USD — The trading session was initially bullish, then rolled over to give back the gains. A breakdown below the recent lows is bearish and the next support comes at 1.16. The yields in the US Treasury note need to fall for the euro to rise. There is a likelihood of another lockdown in France due to the coronavirus situation. The downside looks more […]

EUR/USD and GBP/USD Forecast — March 31st 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 31st session. EUR/USD — The euro looks very bearish as it broke below this support level. The 1.16 level could be the next support. A breakdown below this level is even bearish and the next level is 1.15. The yields in the US continue to rise and this could cause bearish pressure on euro. The 200-day EMA could likely […]

Bitcoin Forecast — March 31st 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the March 31st session. Bitcoin/USD — Bitcoin looks very bullish at the moment. It is trading just below the $60,000 level, which is a psychological barrier. Hence, a break above this level is very significant, and can cause a major move to the upside. To the downside, the $50,000 level is a major support level. This market is supported by institutional money like […]

Gold Forecast — March 31st 2021

In this video, the Trader Guy looks at the commodity, gold for the March 31st session. Gold/USD — Gold broke below the $1,700 level on Tuesday session. The market is testing these lows and bounced a bit at the moment. However, a candle close below these lows is very bearish, and the next target is the $1,600 level. The yields continue to rise in the US. So, this could cause more weakness in gold in the near future.

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