How To Trade The Top 5 Forex Pairs For Beginners
Published: 2020-10-27
Status:
Available
|
Analyzed
Published: 2020-10-27
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
A bounce is expected from EURUSD at approximately 1.1625, which should be sufficient to hit targets on lower timeframes.
"if we get all the way down to this level of structure i'm expecting it to break but i think if we get to this level around 1.1625 that we will get a bounce out of this market from that level and that bounce on lower time frames will be enough for me to hit targets"
Pending
Potential support levels for EURUSD are identified between 1.1634 and 1.1600, with further support at 1.1454 and 1.1376 if the price breaks below the initial level.
"it's between 1.1634 and 116 even on the euro dollar if we continue down past that i'll be looking at 1.1454 and 1.1376 as my next area of possible support"
Pending
If EURUSD breaks above the area between 1.229 and 1.2155, it will be a level to look for potential short trades.
"the area between 1.229 and 1.2155 if we get a break above will be the next place on the euro dollar i look for possible short trades"
Pending
The next level of resistance for GBPUSD, if it continues higher, is projected to be between 1.3454 and 1.3368.
"my next level of resistance if the pound dollar continues higher based on what you're learning in this video is going to be an area between 1.3454 and 1.3368"
Pending
The speaker is looking for possible long trades in GBPUSD within the price range of 1.3000 to 1.3057.
"the area of price that the market is in right now between 1.3 even in 1.3057 is where i'm looking at for possible long trades"
Pending
The next major support level for GBPUSD is identified between 1.2800 and 1.2690.
"my next support level just so you know it's gonna be right down here at our major support looking left and that area is between 128 even and 1.269"
Pending
A bounce was predicted and occurred for AUDUSD at the level between 0.7000 and 0.7038, resulting in a 130 pip move upwards.
"i pointed out between zero point seven hundred and 0.7038 as you can see from this level we actually had a really nice bounce out of price the price came down to this level hit it and has pushed up dramatically since in a whopping 130 pip move"
Pending
The speaker will look for potential short trades on AUDUSD if the market reaches the area between 0.7237 and 0.7202.
"if the market makes it up to an area that i have pointed out between 0.7237 and 0.7202 then that's an area i'll look for possible short trades out of"
Pending
Potential resistance for AUDUSD is at 0.7379 and 0.7320, while major support is located between 0.6864 and 0.6803.
"i'll be looking at 0.7379 and 0.7320 and if we continue lower you can see the area i have pointed out for major structure support looking left and that area is between 0.6864 and 0.6803"
Pending
A bounce of approximately 60 pips was anticipated and occurred in USDJPY from a specific area, even though the overall downtrend was expected to continue.
"if we continue pushing lower i thought this market would get some type of bounce out of this area overall i thought the downtrend would continue i was just looking for a bounce and since entering this area we've had a bounce of about 60 pips so far"
Pending
If USDJPY forms a double bottom in a specific area, the speaker will look for possible long trades.
"if we continue pushing down and i do get a double bottom out of this area on the dollar yen then it's an area i will be looking for possible short trades long trades excuse me"
Pending
The next level of possible resistance for USDJPY, if it moves higher, is between 105.88 and 106.13.
"my next level of possible resistance if the market on the dollar yen decides to push higher is right here at my black lines which are between 105.88 and 106.13"
Pending
USDJPY support is identified at 102.49, and it will be a level to look for potential long trades.
"if we continue lower you can already see my support level at 102.49 and that's a level i'll look for possible long trades out of"
Pending
A bounce is expected on USDCHF within the next week, preceding the continuation of the overall downtrend.
"i do believe we'll get a little bounce out of it before the continuation of this overall downtrend here within the next week or so"
Pending
The next level of support for USDCHF is identified at a level previously tested multiple times, qualifying it as significant support.
"i allow myself to continue back to the next level which would be right here... that is going to qualify as my next level of support here on the dollar swiss"
Pending
If USDCHF closes below current lows, trend continuation is expected until the next major level around 0.885.
"if we get down start closing below these lows we have a lot of room for trend continuation until we get to our next major level which is going to be around 0.885"
Pending
If USDCHF shows bullish movement, the speaker will look for potential short trades in the resistance area between 0.9251 and 0.9288.
"my most recent level of major resistance right here... for that reason i will have an area of resistance looking like 0.9251 the area between that and 0.9288 will be a level that if we get some nice bullish movement out of the dollar swiss i'll be looking for possible short trades"
Pending