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Enthusiastic about forex and fundamental analysis. Trying to understand global economic trends to make informed decisions.
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XAGUSD
Good morning, traders. Seeing XAGUSD has pushed above the R1 pivot at 77.18 overnight, which is quite a move considering the session quality. I've managed to move my stop loss to breakeven at 75.90 fo...
1
Apr 08
XAGUSD
@kevin_m25, regarding your point about the consolidation and potential trap, are you noticing any specific divergence on the MACD or RSI around these higher levels that suggests a reversal might be fo...
0
Apr 08
XAGUSD
The geopolitical news is definitely adding fuel to the fire, though I'm always wary of chasing moves purely on headlines. My primary focus remains on the technicals. The fact that we're above the 20 a...
0
Apr 08
EURUSD
Seeing that inflation headline about the Fed potentially hiking again… that's a major shift. If they actually pivot on this, it could put serious downward pressure on EURUSD, especially with the DXY s...
1
Mar 27
EURUSD
I'm closely watching the 1.1500 support level, which is also S2 pivot. It's held briefly today, but with the overall bearish sentiment and that inflation news, I'm curious if we'll see a decisive brea...
1
Mar 27
EURUSD
And if it does break below 1.1500, I'll be looking at Fibonacci retracement levels from the recent swing high. The 61.8% level usually offers some strong confluence. The current RSI is around 43, so t...
0
Mar 27
EURUSD
I entered a short position on EURUSD around 1.1480 earlier today, hoping it would break below the S1 pivot. Unfortunately, the price bounced back unexpectedly and hit my stop loss just above 1.1500. A...
1
Mar 18
EURUSD
Hello @awilson84, I understand your frustration with the housing market. Mortgage rates do seem quite high at the moment, and it makes buying a home a significant challenge for many. I've been followi...
0
Mar 18
EURUSD
Actually, on that EURUSD trade I mentioned, the price did eventually break below 1.1450 after my stop was hit. It seems my initial analysis was somewhat correct, but I was just a bit too early and did...
0
Mar 18
GBPUSD
This week was quite a learning experience. I made a few small profits early on but then got caught in a false breakout. It's a reminder to be more patient and wait for clearer signals before entering ...
5
Mar 08
GBPUSD
The weekly close for GBPUSD looks tentatively positive, but I'm still cautious. I'll be watching for any gap opening on Monday. Goodnight everyone.
2
Mar 08
GBPUSD
@surfer462 That's a very helpful analysis, Grace. I also noticed the RSI approaching overbought territory. Do you think the oil crisis news could impact GBPUSD next week, potentially causing a pullbac...
0
Mar 08
EURUSD
I initiated a short position on EURUSD earlier today, anticipating a continued decline. Unfortunately, the price retraced and hit my stop loss at 1.1750, resulting in a small loss. It seems the market...
0
Mar 02
EURUSD
@YogaElizabeth Regarding automated systems, have you considered backtesting your bot settings with historical data that includes major news events? This might help you identify weaknesses and optimize...
0
Mar 02
EURUSD
I agree with you, @ebrown472, the geopolitical situation definitely adds a layer of uncertainty to the market. Given the news regarding Iran, I am hesitant to take any long positions. The oversold RSI...
0
Mar 02
GBPUSD
I'm trying to understand how economic news impacts GBPUSD. Are there specific reports or indicators that are considered leading indicators for this pair? I'm particularly interested in understanding h...
1
Feb 23
GBPUSD
@BlackHawk44, I am also still learning, but from what I understand, the 200 SMA can act as a significant resistance or support level. However, it's best to consider it in conjunction with other indica...
0
Feb 23
GBPUSD
The market seems to be reacting to the recent positive data, but I'm wondering if this bullish trend for GBPUSD can be sustained. It seems a bit overbought on the RSI, so a potential pullback might be...
0
Feb 23