Posts Tagged ‘technical analysis’

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EUR/USD and GBP/USD Forecast — January 19th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 19th session. EUR/USD — The euro pulled back a bit on Monday session. It tried to break below the 50-day EMA, but found support below. Also, volume was an issue due to the Martin Luther King Jr. Day, a holiday in the US. The 1.20 level looks supportive. So, pullbacks are buying opportunities at the moment. GBP/USD — The pound […]

Gold Forecast — January 19th 2021

In this video, the Trader Guy looks at the commodity, gold for the  January 19th session. Gold/USD — The market saw a strong pullback on Monday session. However, the volume was an issue due to the holiday in the US. The 50-day EMA and the $1,870 level could offer resistance. You need to see gold rally strongly to the upside and then you can take a long position. Pay attention to the headlines on stimulus in the US.

Bitcoin Forecast — January 19th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 19th session. Bitcoin/USD — Bitcoin saw a sideways price action on Monday. This was due to the Martin Luther King Jr. Day holiday in the US. So, volume was a little bit of an issue. At the moment, this market needs a pullback, after this parabolic move. It is better to wait for pullbacks at much lower levels, and use them as buying opportunities. […]

USD/BRL and USD/INR Forecast — January 18th 2021

In this video, the Trader Guy looks at the currency pairs USD/BRL and USD/INR for the January 18th session. USD/BRL — The trading session was slightly bearish on Friday session. It looks like this market will continue to see sideways price action. Rallies will continue to see selling pressure and you can sell them on signs of exhaustion. A breakdown below the 5.00 level is also bearish. USD/INR — The dollar is […]

EUR/USD and GBP/USD Forecast — January 18th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 18th session. EUR/USD — The euro got hammered on Friday session. This was due to headlines on stimulus in the US. The 1.20 level could be the next support. Hence, pullbacks are buying opportunities at the moment. GBP/USD — The area below the 1.35 level is supportive. The market could slowly grind towards the upside. This market was previously […]

Gold Forecast — January 18th 2021

In this video, the Trader Guy looks at the commodity, gold for the  January 18th session. Gold/USD — Gold pulled back a bit on Friday session. The 200-day EMA below could be tested for support. The $1,750 level could be the next support. Pay attention to the headlines on the 10-year US Treasury yield as it could cause more bearishness for gold. Hence, there is a little more downside to go.

Bitcoin Forecast — January 18th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 18th session. Bitcoin/USD — The trading session was slightly bearish on Friday as the $35,000 level was tested for support. The next support could come at the $30,000 level. The market was very parabolic and now it looks like this market needs a pullback. The $40,000 level is seen as the psychological resistance. The US dollar is going to be the fundamental driver behind […]

EUR/USD and GBP/USD Forecast — January 14th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 14th session. EUR/USD — The trading session was initially bullish, but then the market rolled over to see a sideways price action. The 1.2150 level could be tested for support. The next support could come at 1.20. So, short-term pullbacks should be used as buying opportunities. GBP/USD — The pound looks overbought at the moment. Pullbacks should […]

Bitcoin Forecast — January 14th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 14th session. Bitcoin/USD — Bitcoin initially pulled back on Wednesday session and broke above the $35,000 level. it is a positive sign. After a parabolic move, then market fell significantly. So, it looks like the market is trying to stabilize at the moment. So, it is wait for pullbacks at lower levels, and use them as buying opportunities. To the downside, the $30,000 […]

Gold Forecast — January 14th 2021

In this video, the Trader Guy looks at the commodity, gold for the  January 14th session. Gold/USD — The market saw a sideways price action on Wednesday. The Friday session from the last week was very bearish. However, the market has been trying to stabilize over the last three days. The 200-day EMA could be supportive. You need to see some dollar weakness for gold to pick up. Gold needs to clear resistance […]

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