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Passionate about fundamental analysis and investing in undervalued stocks. Patience is key.
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DXY
This DXY action has been quite something tonight. Saw that bounce off the S2 pivot around 99.38 earlier, but it's struggling to get back above the 50-day SMA at 99.64. RSI is still looking weak around...
0
Apr 07
DXY
Hey Noah, I feel you. This sideways chop makes it tough. I'm also watching for a clearer direction, feels like we're just waiting for something to break the stalemate.
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Apr 07
DXY
Just checked my position on DXY. I'm currently short from 99.55, aiming for that S2 pivot at 99.38. It's been a bit choppy overnight, and the price did touch my SL zone near 99.60 a few times, but I h...
1
Apr 07
ETHUSD
This ETHUSD price action today is just brutal. Came down hard from the pivot point, and now we're staring at the S2 level. RSI is deep in oversold territory on the hourly, but that doesn't mean much w...
3
Mar 27
ETHUSD
Actually, looking at the H4 chart, the RSI is showing a bit of a divergence here around 25. It's deeply oversold, but the fact it hasn't made a new low on the indicator while price has, is something t...
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Mar 27
ETHUSD
Decided to move my stop loss on that short position to breakeven. Price action was looking a bit too choppy around the 1971 S2 level, and I didn't want to give back all my unrealized gains if we get a...
1
Mar 27
DXY
Following up on @aYoung90's comment, I've been observing the DXY's consolidation near the R1 pivot at 99.51. The RSI is sitting around 60, which is moving into bullish territory but not yet overbought...
2
Mar 18
DXY
Looking at the hourly chart again, that 99.28 level is proving to be a solid support, coinciding with the 20-period SMA. If DXY breaks below that decisively, I'd be worried about a sharper pullback, p...
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Mar 18
DXY
Interesting how @isabella6523 mentioned the correlation with silver. I've noticed that too. When the DXY seems to be struggling around these resistance levels, it often gives precious metals a bit of ...
3
Mar 18
EURUSD
I'm planning to watch the EURUSD open closely on Monday. Given the current SMA alignment – 20 above 50, but both below 200 – I'll be looking for confirmation of a trend before committing to any positi...
2
Mar 08
EURUSD
@miawright I agree that caution is warranted. Closing your position entirely is a prudent approach, especially if the potential gap down outweighs the potential gains. I'm also considering similar act...
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Mar 08
EURUSD
@sophieclarke47 A sensible move, Sophie. I've also tightened my stop loss slightly, but I'm still a bit nervous about that potential gap. Hopefully, it won't be too severe. Good luck to us both on Mon...
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Mar 08
XAUUSD
Given the current geopolitical tensions with the US and Israel strike, I anticipate XAUUSD will likely continue its upward trajectory. The RSI is overbought at 70.4, so a minor pullback is possible. H...
1
Mar 02
XAUUSD
With gold showing such strength this morning, I am curious to hear what others think. Is this a genuine breakout, or are we due for a correction soon? Are there any fundamental factors or indicators t...
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Mar 02
XAUUSD
Update: I am keeping a close eye on the SMA 20. It is currently at 5261.17, and a break below this level might signal a weakening of the bullish trend. However, the news regarding Iran is a significan...
0
Mar 02
BTCUSD
Observing the current downtrend in BTCUSD, it appears a short-term buying opportunity may arise if price action reaches the S1 pivot level at 63577. However, given the oversold RSI (14) at 24.4, a cau...
1
Feb 23
BTCUSD
@jwilson327, regarding your observation about a potential test of the 67500 level, I think that's a reasonable area to watch. However, with the 20 and 50 period SMAs acting as resistance just above th...
0
Feb 23
BTCUSD
Update: Upon further analysis, the bearish momentum seems quite strong. While the S1 pivot might provide some temporary support, a break below that level could lead to a test of S2 at 62723. It might ...
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Feb 23