Posts Tagged ‘technical analysis’

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USD/JPY and AUD/USD Forecast — April 9th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the April 9th session. USD/JPY — The market looks a bit confused at the moment. So, the market could likely remain in consolidation between the 109.00 level and the 107.00 level. This pair is sensitive to risk appetite. Observe how the US stock market behaves. If a risk-on sentiment dominates the market, then this pair will rise. AUD/USD — The Aussie […]

EUR/USD and GBP/USD Forecast — April 9th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 9th session. EUR/USD — The market saw a sideways price action on Tuesday session. The market has been very choppy lately. The market is making lower highs and higher lows. So, you can expect the market to rally towards the 1.10 level, and then to fade over. So, you can such rallies on signs of exhaustion. In the meantime, you […]

Gold Forecast — April 9th 2020

In this video, the Trader Guy looks at the commodity, gold for the April 9th session. Gold/USD — The Wednesday session saw the gold market to pull back a bit. On Tuesday session, as you can see from the daily chart, the market formed a shooting star candlestick, and is now trading below the $1,700 level. The $1,650 level and the 50-day EMA below will offer support. So, pullbacks are buying opportunities, and you can aim […]

EUR/USD and GBP/USD Forecast — April 8th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 8th session. EUR/USD — The trading session was very bullish on Tuesday. The market has been very choppy lately. The market is making lower highs and higher lows. So, you can expect the market to break out at some point. The market is trading below the 1.10 level, which is psychologically significant, and strong resistance. Hence, […]

Gold Forecast — April 8th 2020

In this video, the Trader Guy looks at the commodity, gold for the April 8th session. Gold/USD — After breaking above the $1,700 level, gold is now strongly rallying now, However, the market formed a shooting star candlestick just below the $1,750 level. This indicates signs of weakness and hence a pullback is coming. The 50-day EMA and the $1,650 level are seen as short-term floor in this market. Also, the $1,700 level, which […]

USD/JPY and AUD/USD Forecast — April 7th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the April 7th session. USD/JPY — The pair has just broken above the 109.00 level. But you have even more resistance starting from the 110.00 level. Hence, rallies showing signs of weakness are to be sold. The US stock market is bullish. Hence, it could push this pair higher if the risk-on sentiment continues. […]

EUR/USD and GBP/USD Forecast — April 7th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 7h session. EUR/USD — The market is just hovering around the 1.08 level. This is seen as a binary trade. So, look for a breakout above or below this candlestick. However, the market is sitting on a support level. Hence, you can expect the market to reach towards the 1.09 level. To the downside, the 1.06 level is the target. However, keep […]

USD/ZAR Forecast — April 7th 2020

In this video, the Trader Guy looks at the USD/ZAR pair for the April 7th session. USD/ZAR — Initially, the market rallied towards the 19.57 level, but then fell back to give back some of the gains. The market looks very overbought at the moment. You can expect a pullback, which could result in filling this gap above the 17.50 level. If the market fails to find support at this level, then it could find […]

Gold Forecast — April 7th 2020

In this video, the Trader Guy looks at the commodity, gold for the April 7th session. Gold/USD — Gold market rose strongly breaking above the $1,700 level, which was significant resistance in the recent past. So, the $1,800 level, and the $2,000 level are the next targets to the upside. To the downside, the 50-day EMA, and the $1,650 level could offer support. So, utilize pullbacks as buying opportunities. The actions of Fed and the ECB will also contribute for higher […]

USD/JPY and AUD/USD Forecast — April 6th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the April 6th session. USD/JPY — The US dollar initially tried to rally, but it needs to break above the top of this little range. A break above the top of the range, then the 111.00 level is the target. To the downside, the 105.00 level is the target. You can trade the breakout. But in the meantime, you can expect the market to chop around in this […]

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