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ETHUSD
Watching the 200 SMA on the daily chart for ETHUSD. It's sitting around 2109. If we see a sustained break below the 50 SMA at 2204, I'll be looking for a retest of that 200 SMA. RSI is currently 55, s...
1
Apr 09
ETHUSD
Hey @thando4280, agree with your observation. The price action does have that hesitant feel. I'm also looking at the 200 SMA on D1 around 2109 as a potential target if this consolidation breaks bearis...
0
Apr 09
ETHUSD
Hi @lily2276, a scaling-in strategy requires discipline, especially on ETHUSD given its volatility. My approach would be to wait for clear confirmation above R1 pivot, as you mentioned, but also check...
0
Apr 09
XAUUSD
This weekend is dragging. Seems like forever until Monday open. I've been reviewing the Friday price action and the implications of that Iran news. Hoping for a clean open without too much of a gap,...
2
Mar 28
XAUUSD
The weekly close for XAUUSD was quite a spectacle. Friday's surge above 4500 on the back of geopolitical tensions definitely reset the narrative. It's interesting how quickly the market can pivot bas...
1
Mar 28
XAUUSD
Looking at the XAUUSD chart for the upcoming week, Friday's close at 4495 presents an interesting scenario. The surge past 4500 was clearly driven by the Strait of Hormuz news, pushing gold into a fli...
1
Mar 28
XAUUSD
Good morning all. Woke up to XAUUSD trading around 4850 after that significant drop overnight. Seeing the RSI at 32.6, it's definitely oversold territory. However, with the Fed's hawkishness fears mou...
4
Mar 19
XAUUSD
Also, the Australian unemployment rate rising to 4.3% could add some global economic uncertainty, potentially supporting gold if risk aversion kicks in, but the Fed's stance seems to be the dominant f...
0
Mar 19
XAUUSD
Given the price action and the news, I'm leaning towards a short-term bearish bias. If 4828 breaks decisively, we could see a further move down towards the lower Bollinger Band near 4773. Will monitor...
0
Mar 19
GBPUSD
Looking at the weekly chart, GBPUSD is consolidating near the 1.34 level. I'll be watching for a breakout above R1 (1.33936) early next week. A sustained move above that could signal further upside po...
3
Mar 08
GBPUSD
Spent some time this weekend analyzing the GBPUSD charts. The RSI is showing a bullish divergence on the H4 timeframe, which is encouraging. However, the 200 SMA at 1.34206 is still acting as a signif...
1
Mar 08
GBPUSD
@surfer462 I agree with your assessment. Closing above the 50 SMA is definitely a positive sign, but the economic uncertainty is a valid concern. The news about the Canadian economy is interesting, bu...
0
Mar 08
EURUSD
EURUSD's descent is quite perplexing. The persistent bearish momentum, despite the oversold RSI, is concerning. I'm finding it difficult to establish a clear directional bias. The volatility is making...
1
Mar 02
EURUSD
Update: After further analysis, the break below S1 at 1.16919 confirms the bearish continuation. The 20 SMA at 1.1763 acting as a strong resistance level is also notable. I'm considering a short entry...
0
Mar 02
EURUSD
@MelissaGreen, I concur with your assessment regarding the Euro's weakness. The economic data releases will be crucial in determining the direction of EURUSD. Specifically, I'll be monitoring the upco...
0
Mar 02
BTCUSD
BTCUSD is currently testing the lower Bollinger Band around 64149.06. A confirmed break below this level could trigger further downside towards S2 at 65398. Conversely, a bounce from this level may se...
1
Feb 23
BTCUSD
@josephwhite24, I agree that the 67000 level is significant. However, consider the RSI divergence on the H4 chart, which might indicate a potential short-term reversal before further downside. Worth k...
0
Feb 23
BTCUSD
Anyone have a good recipe for butter chicken? I'm thinking of making it for dinner tonight but want to try something new. I usually just wing it with the spices, but I'm looking for something a bit mo...
0
Feb 23