Posts Tagged ‘technical analysis’

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EUR/USD and GBP/USD Forecast — October 23rd 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 23rd session. EUR/USD — The trading session was quiet on Wednesday session. The market looks good for scalpers at the moment. A break below the bottom of this candlestick is bearish for the EUR/USD pair, and you can target the 50-day EMA to the downside. GBP/USD — The pound has experienced strong buying so far. However, the market looks overbought at the moment. So, […]

Bitcoin Forecast — October 23rd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the October 23rd session. Bitcoin/USD — The price action has been sideways for bitcoin for a while. Recently, it broke down below the descending triangle pattern. The measured objective of this pattern comes at the $5,000 level. So, you can look for weakness, and then start selling bitcoin targeting to the downside. The 50-day EMA is falling and indicates increased selling pressure. Hence, fading […]

Gold Forecast — October 23rd 2019

In this video, the Trader Guy looks at the commodity, gold for the October 23rd session. Gold/USD — As you can see on the daily chart, gold is just hovering inside this descending triangle pattern. Finally, when a catalyst arrives into the market, it could break to the upside or the downside. To the downside, the $1,450 level could be tested for support. If the 50-day EMA offers support, then the market could breakout to the upside with […]

USD/JPY and AUD/USD Forecast — October 22nd 2019

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the October 22nd session. USD/JPY — The market has run into the zone of resistance, which is just below this 200-day EMA. Also, the S&P 500 index stopped at the 3,000 level. Hence, this pair is driven by risk appetite. So, pullbacks are your trading opportunities to go long. However, this is seen as a market for scalpers […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 22nd session. EUR/USD — The euro is looking very bullish at the moment. However, the 200-EMA above should be viewed as strong resistance, as the market has been trading inside this downtrend. So, any rallies are likely going to be capped, and you should sell them on signs of weakness. Also, you have a confluence of resistance at the 1.1250 […]

USD/MXN Forecast — October 22nd 2019

In this video, the Trader Guy looks at the USD/MXN pair for the October 22nd session. USD/MXN — The trading session was flat on Monday session and it gapped higher on open. The market is trading below the 200-day EMA. A break above the 19.00 level is seen as a bullish move. So, pullbacks are buying opportunities. To the upside, the 19.90 level is the target. Pay attention to the crude oil markets. If oil rallies, then […]

Gold Forecast — October 22nd 2019

In this video, the Trader Guy looks at the commodity, gold for the October 22nd session. Gold/USD — There is a confluence of support offered by the uptrend line, the $1,500 level, and the area above the ascending triangle pattern. The market is hovering just below the 50-day EMA. The price is trading inside this descending price channel. It is only a matter of time before gold start rising again, as the central banks around the world […]

USD/JPY and AUD/USD Forecast — October 21st 2019

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the October 21st session. USD/JPY — The market was very quiet on Friday session. This market is moving in tandem with the S&P 500 index at the moment. The pair is trading just below the 200-day EMA. Keep in mind that this pair is driven by risk appetite. This is seen as a scalpers market at the moment. AUD/USD — The market […]

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

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 21st session. EUR/USD — The trading session on Friday was strongly bullish for the EUR/USD pair. However, the 200-day EMA could offer strong resistance, as the market has been in a downtrend. Hence, rallies will be capped at higher levels, and you can only sell them on signs of weakness. Also, the 1.12 level above is strong resistance. The market […]

Bitcoin Forecast — October 21st 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the October 21st session. Bitcoin/USD — The market has been hovering below the 50-day EMA and this uptrend line. The measured objective of this descending triangle pattern comes at the $5,000 level. Bitcoin is yet to be adopted. Since investments started flowing out of China, bitcoin started rallying. Once capital control came into place, bitcoin stopped rallying. With […]

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