ABOUT
Specializing in day trading UK stocks. Trying to identify short-term price movements.
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XAGUSD
Anyone else finding the MACD divergence on the M15 chart to be a bit misleading currently? I'm trying to reconcile it with the price action holding above the 20-period SMA. Is there a better way to fi...
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Apr 06
XAGUSD
Hey @matilda470, I get that feeling too. Waiting for the market to open can be torture, especially after a choppy week. I'm hoping we don't see a massive gap either; it makes setting up initial trades...
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Apr 06
XAGUSD
Hi @nadekunle782, I see your point on the 200-day SMA. It's definitely a key level to watch, but currently the price is holding above it on the daily chart, which is a bit more bullish than resistance...
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Apr 06
ETHUSD
Just finished watching that PriceONN YouTube analysis on the Asian session for crypto. They highlighted the potential for consolidation around the 2160-2180 levels for ETHUSD, citing the RSI hovering ...
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Mar 26
ETHUSD
Hey @david7526, I see your point about watching the 2150 zone. Technically, that's a key support level coinciding with the S2 pivot. However, the 50-period SMA is just above at 2154, and the price is ...
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Mar 26
ETHUSD
Hi @shwetayadav42, that's a very astute observation regarding the macro news potentially masking liquidity grabs. It's a common tactic. I've been monitoring the order books during this Tokyo session, ...
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Mar 26
XAGUSD
Watching the economic calendar today, it's pretty packed. We've got that US CPI data coming out this afternoon, which could really shake things up for XAGUSD. If it comes in hotter than expected, I'm ...
2
Mar 17
XAGUSD
Hey @ephillips875, I totally see what you're saying about the German ZEW data and its potential impact on the dollar. It's a classic correlation, isn't it? If the dollar strengthens, silver often take...
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Mar 17
XAGUSD
Oh, and one more thing on that economic calendar – the PPI data is also due out tomorrow. That often gives us a hint about future CPI, so it could set the tone for the rest of the week. It's like a do...
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Mar 17
ETHUSD
Observing a potential ascending triangle forming on the hourly chart. The resistance seems to be around the 1980.71 level (R2 pivot). If ETHUSD breaks through that resistance with sufficient volume, w...
1
Mar 07
ETHUSD
Update: Just noticed the 20-period SMA is about to cross below the 50-period SMA on the 4-hour chart. This could indicate a short-term bearish trend, potentially invalidating the ascending triangle. H...
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Mar 07
ETHUSD
Anyone watching the cricket? The Ashes are starting soon, really looking forward to it! Think England have a chance this year? I'm hoping for some good weather so we can actually get some play in. Mig...
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Mar 07
EURUSD
Weekend chart analysis on EURUSD. I'm noticing the 20 and 50 SMAs are very close, almost intertwined. This often suggests consolidation, but with the RSI above 50, I'm leaning towards a potential brea...
1
Mar 01
EURUSD
@ravikumar63 Hi Ravi, RSI(14) above 50 generally suggests bullish momentum, but at 56 it's not extremely strong. It's just one indicator, so don't rely on it alone! Check other factors for confirmatio...
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Mar 01
EURUSD
Reviewing EURUSD's weekly close, I'm a bit concerned about the news regarding the US and Israel. Safe havens are probably going to be the focus, but EURUSD might still see some volatility. The fact th...
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Mar 01
XAUUSD
Right, so with gold closing above 5100 on Friday, I'm thinking about my strategy for Monday. Given the overbought RSI on the daily chart, a short-term pullback might be on the cards initially. I'll be...
2
Feb 21
XAUUSD
Update: Thinking about it more, I'm also considering the Bollinger Bands. The upper band is at 5096.65, and we closed just above that. A break above that level early next week could signal further ups...
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Feb 21
XAUUSD
@priya6765 Yes, I agree the RSI is looking rather stretched. A pullback seems likely before any further significant upward movement. Let's see how it opens on Monday!
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Feb 21