Posts Tagged ‘technical analysis’

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Gold Forecast — December 2nd 2020

In this video, the Trader Guy looks at the commodity, gold for the  December 2nd. Gold/USD — It looks like gold is attempting to form a base here. Gold has now recaptured the 200-day EMA and the next target could be the 50-day EMA. The US dollar got pummeled and some major support levels are broken. It could help gold appreciate in value and rise further. Also, the central banks are […]

EUR/USD and GBP/USD Forecast — December 1st 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the December 1st session. EUR/USD — The euro tried to break above the 1.20 level on Monday session. However, the London fix had an influence on this market, and this market rolled over. There exists plenty of support below as the 1.19 level looks supportive. A break above the top of this candlestick is very bullish and the next target could be the 1.23 […]

Gold Forecast — December 1st 2020

In this video, the Trader Guy looks at the commodity, gold for the  December 1st. Gold/USD — Gold fell initially on Monday session, but then bounced back to show signs of life. This market needs to recapture the 200-day EMA. The central banks continue to flood liquidity into the market. In the long-term, gold is bullish. So, pullbacks are buying opportunities.

USD/INR Forecast — December 1st 2020

In this video, the Trader Guy looks at the USD/BRL pair for the December 1st session. USD/INR — The US dollar rallied initially on Monday session, but then gave back some of the gains as the 73.00 level offered resistance. A breakdown below the recent lows is very bearish and the next target could be the 72.00 level. So, rallies that show signs of exhaustion are likely to be selling opportunities. The investors are trying […]

USD/JPY and AUD/USD Forecast — November 30th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the  November 30th session. USD/JPY — The pair has tried to break below the 104.00l level on Friday session, but then bounced back to show signs of support. The market has been in a downtrend and you can make an argument for a symmetric triangle pattern. The area above the 50-day EMA is seen as a zone of resistance. So, rallies to the upside are likely […]

EUR/USD and GBP/USD Forecast — November 30th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 30th session. EUR/USD — The euro rallied strongly on Friday session towards the top of this range, as you can see n the daily chart. The market could likely consolidate between the 1.30 level and the 1.19 level. However, short-term pullbacks should offer plenty of buying opportunities. The 1.23 level could be the next target to the upside. GBP/USD — […]

Bitcoin Forecast — November 30th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspNovember 30th session. Bitcoin/USD — Bitcoin saw a sideways price action on Friday session and it stabilized above the $16,000 level. Bitcoin was very parabolic and now it needs a pullback. The market looks overbought at the moment. The 50-day EMA is a good place to buy. So, wait for pullbacks, and use them as value.

Gold Forecast — November 30th 2020

In this video, the Trader Guy looks at the commodity, gold for the  November 30th. Gold/USD — Gold tried to break down below the 200-day EMA on Friday session. But it ended up forming a hammer candlestick, as you can see on the daily chart. So, fundamentally gold looks bullish. Hence, pullbacks are still to be seen as value. The volume is an issue at the moment, as last week was Thanksgiving in the US.

Bitcoin Forecast — November 27th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspNovember 27th session. Bitcoin/USD — The market turned very bearish on Thursday. This market was very parabolic and now it looks like it needs a pullback. However, you can wait to buy at much lower levels, probably close to the 50-day EMA. In the meantime, it is going to be very noisy. It is good to wait for the formation of a basing pattern. […]

Gold Forecast — November 27th 2020

In this video, the Trader Guy looks at the commodity, gold for the  November 27th. Gold/USD — Gold pulled back a bit on Thursday session. This week was Thanksgiving in the US. So, volume was an issue. The market could test the 200-day EMA and the $1,800 level for support. So, pullbacks are buying opportunities at the moment. The Fed continues to contribute for dollar weakness, which could help gold rise further.

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