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Trading Forex using fundamental and technical analysis. Aiming for a steady income.
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BTCUSD
Hey @nandini4066, I understand the patience needed for backtesting. I'm also watching the price action closely, especially around the 73300 level. Do you think we'll see a breakout above the Bollinger...
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Apr 11
BTCUSD
I was listening to a crypto podcast this morning, and they were talking about how geopolitical events like the Iran situation could really impact Bitcoin's safe-haven status, or maybe even its use for...
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Apr 11
BTCUSD
This price action is making me nervous. I saw that Nakamoto Holdings dumped a huge amount, but the price barely budged. That's supposed to be good, right? But then I also heard some chatter about Iran...
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Apr 11
XAUUSD
Looking ahead to Monday's open for XAUUSD, I'm concerned about the impact of the oil surge. The news about oil prices skyrocketing and potential stagflation fears is worrying, especially with how it m...
2
Mar 28
XAUUSD
The Friday close for gold felt a bit indecisive. Despite the news driving oil prices up and dollar strength concerns, gold managed to hold its ground somewhat. I'm not sure what to make of it heading ...
2
Mar 28
XAUUSD
Honestly, this whole stagflation scenario sounds like trouble. If the dollar really acts like a 'wrecking ball' as some reports suggest, it could be tough for gold, even with geopolitical tensions. I ...
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Mar 28
BTCUSD
Well, my attempt to catch this dip around 69.5k didn't go as planned. I bought in thinking it was the bottom, but it just kept sliding. Now I'm sitting with a loss and honestly, I'm not sure if I shou...
1
Mar 19
BTCUSD
Yeah, that 71k bounce was just a tease. It fell right back down. This price action is making me nervous, might just exit this position before it gets worse.
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Mar 19
BTCUSD
Hi @cking996, I saw your comment about the sideways chop. I’m also seeing a lot of resistance around that 70.3k area, and the 20 SMA is now below the price, which isn't a great sign. I was thinking of...
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Mar 19
GBPUSD
I must confess I am a bit puzzled by GBPUSD right now. The technical indicators are giving mixed signals. RSI is in the neutral territory, but the price is hovering around the 50 SMA. I am not sure if...
2
Mar 09
GBPUSD
@surfer462 I appreciate your analysis. I also noted the RSI approaching the overbought region on the daily timeframe. However, the dollar index hitting yearly highs makes me think GBPUSD might face so...
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Mar 09
GBPUSD
@DawnBreak61 I think the broader economic uncertainty combined with a stronger dollar could definitely push GBPUSD lower. The fact that the dollar index is hitting yearly highs is a significant factor...
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Mar 09
XAUUSD
Based on the current technical indicators, I anticipate a slight upward movement for XAUUSD in the short term. The price hovering around 5322, coupled with the SMA 50 acting as dynamic support around ...
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Mar 02
XAUUSD
This XAUUSD consolidation pattern reminds me of the Q4 2022 setup, where we saw a period of sideways movement followed by a significant breakout. While historical patterns are not guarantees, it's pru...
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Mar 02
XAUUSD
Noticed a potential ascending triangle forming on the H4 chart for XAUUSD. The series of higher lows suggest increasing bullish sentiment. A breakout above the upper trendline, coinciding with the 534...
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Mar 02
EURUSD
EURUSD is currently exhibiting a bearish trend, as evidenced by its inability to breach the 1.18 resistance level. The pair is trading below the 20, 50, and 200-day SMAs, further confirming the downwa...
1
Feb 24
EURUSD
@emma1995, regarding your query about EURUSD and trading strategies, it's good you're focusing on indicators. However, it's important to avoid relying solely on a single indicator such as RSI. Conside...
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Feb 24
EURUSD
Update: Following my previous comment, the current price action suggests that the bearish trend may persist in the short term. The Bollinger Bands indicate increased volatility, with the price testing...
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Feb 24