Posts Tagged ‘technical analysis’

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USD/JPY and AUD/USD Forecast — June 14th 2019

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the June 14th session. USD/JPY — On Thursday session, the market was bearish, as it fell looking for support, and formed a hammer candlestick on the daily chart. This is the second hammer. Also, it is interesting to note that there are two shooting star candlesticks prior to them. This indicates that the market is influenced by indecision among the investors. […]

EUR/USD and GBP/USD Forecast — June 14th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 14th session. EUR/USD — The Thursday session saw the bulls attempting to rally, but lost control of the market in the later part of the trading session. To the downside, the 1.12 level looks supportive. Also, the 50-day EMA could offer support. So, you should buy when the market gets closer to this level on signs of support like a hammer candlestick. It […]

Gold Forecast — June 14th 2019

In this video, the Trader Guy looks at the commodity, gold for the June 14th session. Gold/USD — The Thursday session saw the market to rally quite strongly and is now testing the $1,350 level for resistance. It looks like the market could remain in this range for a while. A break above the $1,350 level is bullish and the next target is the $1,375 level. A break below the bottom of this range, the market could reach towards the $1,325 […]

Bitcoin Forecast — June 14th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 14th session. Bitcoin/USD — On Thursday session, the market rallied as it found support underneath from the lower line of the ascending channel. So, it looks like the market could find its way in a slow grind towards the top of this channel. However, the $9,000 level is resistance. A break above this level is bullish and the next target is the $10,000 […]

EUR/USD and GBP/USD Forecast — June 13th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 13th session. EUR/USD — The market initially attempted to rally, but then rolled over. This looks like market has encountered resistance and is going to turn down. So, you can buy pullbacks after the market shows signs of support. However, this market looks bullish though, as the Fed is maintaining a soft tone on monetary […]

Gold Forecast — June 13th 2019

In this video, the Trader Guy looks at the commodity, gold for the June 13th session. Gold/USD — On Thursday session, the buyers initially rallied, but then gave back some gains. The market is stuck within this little range. You can view the 1,350 level as the supply zone or the top of this range. But you can see if the market breaks below the bottom of these lows. Gold markets look very […]

Bitcoin Forecast — June 13th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 13th session. Bitcoin/USD — Bitcoin market rallied on Wednesday session after breaking out of this little range. The market looks bullish at the moment and is facing strong resistance at 9,000. This looks like a market that wants to build enough momentum to break to the upside. To the upside, the 10,000 level is the target. However, keep in mind that this move has […]

EUR/USD and GBP/USD Forecast — June 11th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 11th session. EUR/USD — On Monday session, the market initially gapped lower and then turned choppy. You can make an argument for a "W" pattern on the daily chart. The market looks overbought at the moment. So, you should look for pullbacks as value. The Fed has changed its tone to dovishness regarding its monetary policy. To the downside, the 1.1250 level looks […]

USD/ZAR Forecast — June 11th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the June 11th session. USD/ZAR — The trading week began gapping lower, but then the market rose to fill the gap. You can see this three bar reversal pattern on the daily chart. This is due to the shift in the mood of the Federal Reserve regarding its monetary policy. Also, the 15.00 level is seen as psychologically significant resistance. The market is trading […]

Gold Forecast — June 11th 2019

In this video, the Trader Guy looks at the commodity, gold for the June 11th session. Gold/USD — The Monday session saw the market to pull back a bit. A breakdown below the lows from Monday session is a bearish signal and the market could head down towards 1,320. Further below, you have the 50-day EMA to support this market. So, you can sell rallies that show signs of exhaustion like a shooting star […]

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