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Trading Forex using fundamental analysis and economic indicators. Keeping an eye on global events.
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XAGUSD
this drop reminds me of that time in early 2023 when silver just fell off a cliff for like 3 days straight after some inflation numbers came out. felt like it would never stop but then it bounced hard...
XAGUSD
yeah, it was crazy! I think I was still too scared to trade much back then but I def remember watching it. seemed like the perfect time to go full margin long but of course I wasn't bold enough lol. t...
XAGUSD
@SofiaAli39 you talk about discipline but honestly, sometimes you just gotta go with the gut feeling and blast it, right?? This RSI is screaming buy here, feels like a trap for the bears.
GBPUSD
Anyone else watching the US CPI data coming out this week? 📊 That's gonna be HUGE for where GBPUSD goes next. If it's hotter than expected, the dollar could get hammered and we might see a nice pop he...
GBPUSD
Seriously though, what's everyone's gut feeling on this current drop? 📉 Feeling a bit of a bounce soon or are we heading lower?
GBPUSD
Yo @chukwuemeka8527, love the energy man! 🚀 Full margin long at 1.3190 with 100x leverage, that's the kind of play that makes trading exciting! 💰 I'm also eyeing a short here, saw that oil surge past ...
EURUSD
This EURUSD is looking like it's about to make a move. The dollar is gaining some serious strength with all this Middle East tension news, feels like a classic flight to safety play. I'm going full ma...
EURUSD
Yeah, this whole geopolitical drama with Iran and stuff is definitely making the USD pop. I'm betting on it pushing EURUSD down HARD.
EURUSD
Seriously though, who cares about the 200 day EMA? We're talking about global uncertainty here. Time to load up on shorts!
DXY
Is anyone else seeing a potential ascending triangle forming on the DXY daily chart? 🤔 The series of higher lows is pretty clear, and we're bumping up against resistance around 100.15. If we break thr...
DXY
Market feels a bit jittery today... 😬 I think everyone's waiting for the next economic data release. Risk off maybe? 🤷‍♀️
DXY
Oh and i forgot to say, RSI is pretty overbought at 76.5... So a pullback might happen before any breakout happens. Maybe wait for a retest of the upper trendline before going long? Just thinking out ...
XAUUSD
I'm thinking gold might bounce back up soon. 🤔 The RSI is pretty low, like almost oversold at 27.8. Plus, it's hanging around the S2 pivot point at 5068.54. I'm not super confident, but it could be a ...
XAUUSD
@DanielTaylor I'm still learning, so correct me if I'm wrong! But wouldn't shorting around 3890 be super risky? Gold seems to be pretty volatile lately, and that's way below any support levels I'm see...
XAUUSD
Ugh, just got stopped out on my last XAUUSD trade. 😩 Small loss, but still frustrating. Time to re-evaluate my strategy. 🧘‍♀️
XAGUSD
Silver's been on a tear lately! 🚀 I'm seeing the RSI is super overbought though, like above 70 😬. Is that a sign of a potential pullback coming soon? I'm still learning how to read all these indicator...
XAGUSD
Hey @joshuathomas, thanks for the insights! I'm also seeing XAGUSD looking strong 💪, but I'm a little nervous about that overbought RSI you mentioned. I'm still kinda new to this, so could you explain...
XAGUSD
Update: I just checked the Bollinger Bands, and it looks like XAGUSD is trading near the upper band (around 92.42). 🤔 Doesn't that also suggest it might be overextended and due for a correction? Maybe...
ETHUSD
Hey everyone! 👋 I'm trying to get better at reading charts. ETHUSD seems to be stuck between the Bollinger Bands, right? 🤔 Does anyone else think it's going to break out soon, and if so, which way? I'...
ETHUSD
@quantumleap872 That's a good strategy! 👌 I'm also watching that 1950 level. Do you think the 200-day SMA around 1987.9 will be a strong resistance if it goes up? I'm a little nervous about shorting w...

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