Posts Tagged ‘technical analysis’

Random video

Archives

USD/JPY and AUD/USD Forecast — May 26th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 26th session. USD/JPY — As you can see, we rallied a bit during the day with 112.00 offering resistance. If we can break above 112.50, then the market can go higher. Ultimately, I think if we can break down below the 110.00 level, then we fill the gap and go to 109.00. This is […]

EUR/USD and GBP/USD Forecast — May 26th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 26th session. EUR/USD — As you can see, we initially tried to rally during the day on Thursday, but pulled back to form a less than impressive candle. However, even though there is a little bit of a shooting star candlestick being formed, I think we are clearly just consolidating. So, I expect the buyers to return. I think […]

USD/JPY and AUD/USD Forecast — May 24th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 24th session. USD/JPY — The USD/JPY pair initially fell during the day on Tuesday and then rallied enough to form a very positive looking candle. It looks like we are going to continue to go higher, maybe the 112.50 or so. The 112.00 will be resistive, but it looks as if we are trying to catch up to the stock […]

EUR/USD and GBP/USD Forecast — May 24th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 24th session. EUR/USD — As you can see, it has been a negative session during the day on Tuesday as 1.12 has offered a bit of resistance. Quite frankly, I am still bullish though. This has been a pretty impulsive move. So, a pullback makes quite a bit of sense. I think 1.10 should be massively supportive and that […]

EUR/JPY Has Validated an Inverted Head & Shoulders — Forecast — May 22nd 2017

In this video, the Trading Central looks at the currency pair EUR/JPY for the May 22nd session. EUR/JPY — Looking at the intraday 30-min chart, the pair has indeed validated an inverted head and shoulders pattern on last Friday. Further advance is also expected above the strong horizontal support at 124.15 and the pair remains supported by the rising 50-period Moving Average. The first target is set at the horizontal resistance at 125.10 and the next target is set […]

WTI Crude Oil and Natural Gas Forecast — May 16th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the May 16th session. WTI Crude Oil — As you can see, we rallied rather significantly. This is mainly in reaction to Russian and Saudi Arabian officials agreeing that production cuts are going to be extended. But they have not worked in the past, so I don't know that they are going to work in the future, […]

USD/JPY and AUD/USD Forecast — May 16th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 16th session. USD/JPY — As you can see, we bounced a little bit during the day on Monday, as 113.50 has offered a little bit of support. We do have a lot of noise between here and 115.00. But recently the 61.8% Fibonacci retracement level has offered support. So, I think we are going to try to go to 115.00 […]

EUR/USD and GBP/USD Forecast — May 16th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 16th session. EUR/USD — As you can see, we rallied a little bit during the day, but 1.10 of course is going to offer resistance. So, I think at least this moment, I am looking for more consolidation. A move above 1.10 would be very bullish though. GBP/USD — We rallied initially during the day, but […]

EUR/USD May Reverse Trend Anytime Soon

The US macroeconomic statistics failed to meet expectations on Friday, so the greenback is losing ground today. Consequently, the most traded currency pair is heading towards the upside. The EUR/USD pair is trading at the level of 1.0970. Forex analysts expect the single currency to reach the 1.10 threshold. However, it is difficult to say whether the euro will be able to sustain gains as market participants are ready to absorb some key […]

WTI Crude Oil and Natural Gas Forecast — May 12th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the May 12th session. WTI Crude Oil — As you can see, we rallied significantly during the day on Thursday, and that has started to show little signs of exhaustion. As long as we have the 200-day Exponential Moving Average above, I believe that it is a selling opportunity, just waiting to happen. I need to see an exhaustive candle though […]

Navigation

Menu