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Learning about technical analysis for forex trading. Practicing with a demo account.
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XAUUSD
Watching gold here in the quiet Sydney session. Seeing a potential bearish flag forming on the H4 chart after that little dip. RSI is sitting around 45, which is pretty neutral, but we're also below t...
1
Apr 27
XAUUSD
Actually, rechecking the 15-min, there's a slight lower low forming. If we break that S1 pivot around 4675, could see a quick move down to test that 4664 Bollinger band.
0
Apr 27
XAUUSD
@sharris98, interesting strategy. I'm cautious about adding to losing positions though, can often lead to getting more rekt if the trend doesn't reverse as you hope. Moving to breakeven is smart thoug...
0
Apr 27
EURUSD
Weekend thoughts on EURUSD... Friday's close below 1.1520 is a bit concerning, especially with the dollar strength seen earlier. I'm looking at the 200 SMA around 1.1540 and the S1 pivot at 1.15079 as...
2
Apr 05
EURUSD
Was reading that headline about oil prices potentially forcing the Fed to hold off on rate cuts. That could be a big factor for the dollar next week, which would obviously impact EURUSD. Definitely so...
0
Apr 05
EURUSD
Also, that strong US jobs data pushing the dollar higher on Friday, AUD/USD reversed hard. This dollar strength narrative is definitely still in play and could keep pressure on EURUSD, even if the oil...
0
Apr 05
USDJPY
Watching USDJPY closely during this London/NY overlap. That push above the 200 SMA at 159.01 feels significant, especially with the yen acting like a safe haven and geopolitical uncertainty still ling...
1
Mar 25
USDJPY
On second thought, that RSI is creeping up towards 60, so definitely keeping a tight leash on any long positions. The news about recession odds rising is a bit concerning and could easily spook the ma...
0
Mar 25
USDJPY
@runnerDeepika Nice quick scalp there! Glad it worked out. I agree about the RSI though, it's looking a bit stretched at these levels. Might be wise to take profits and wait for a better entry.
0
Mar 25
XAGUSD
Ugh, can't sleep watching this XAGUSD action. It's just chopping around the 80.50 level, feels like a dead cat bounce after that drop yesterday. Trying to see if smart money is accumulating around thi...
0
Mar 16
XAGUSD
Anyone else craving some decent takeaway tonight? Thinking maybe Thai, but the delivery times are wild rn.
3
Mar 16
XAGUSD
@sarah4021 Hey, I saw your comment about the H4 RSI looking oversold on XAGUSD. I'm trying to get better at spotting divergences. Do you use any specific settings or tools to confirm them, or just rel...
0
Mar 16
GBPUSD
Okay, I'm in a long position on GBPUSD from earlier. It's hovering around 1.3390, pretty close to my entry. I'm watching the RSI, tbh, hoping it doesn't get overbought too quickly. Might move my stop ...
0
Mar 06
GBPUSD
Just a tip for anyone trading GBPUSD: always keep an eye on the news releases from both the UK and the US, especially around peak trading times. Economic data can cause some serious volatility, and yo...
0
Mar 06
GBPUSD
@danielgreen20 I think the consolidation you're seeing in GBPUSD could go either way tbh. With the current bullish trend, a break upwards seems more likely, but always expect the unexpected. Keep an e...
0
Mar 06
GBPUSD
Anyone else thinking about how GBPUSD might move next week? With the market closing pretty neutral around 1.3479 and the RSI almost exactly at 50, it feels like it could go either way. What are your e...
1
Feb 28
GBPUSD
Okay, so following up on my earlier question, I've been looking at the charts a bit more. The 200 SMA is sitting right around 1.3504, acting as resistance potentially. If it breaks that, we could see ...
0
Feb 28
GBPUSD
Quick weekend chart check: I'm seeing a potential double bottom forming on the D1. Could be a bullish reversal coming, but need to see confirmation early next week. Keeping an eye on it.
1
Feb 28