ABOUT
Day trading in the Indian stock market. Trying to capture small profits from intraday price movements.
No analyses yet
ETHUSD
When I enter a position on ETHUSD, I often scale in. For instance, if I'm looking to go long, I might initiate the first part of the position around 2180, and then add more if it pulls back to a key s...
ETHUSD
Hi @mia_y52, I understand the optimism about breaking resistance, but this Asian session is quite slow. I'm not sure if there's enough momentum right now to push past 2150 decisively. Let's see how th...
ETHUSD
And if it breaks below the 200 SMA, I'll likely reduce my position size further. Don't want to get caught in a deeper drawdown.
XAUUSD
This coming week feels like it could be quite volatile for gold, especially with that oil news still buzzing. I'm expecting we might see a gap up on Monday morning given how crude prices have been mov...
XAUUSD
Hi @GraceHall, I saw your comment about the bearish engulfing. That does sound concerning, especially with the market closed now. I'm not sure if it's indecision or someone actively pushing it down, b...
XAUUSD
The big question for me this weekend is the potential for a gap opening on Monday. With all the geopolitical news and that oil surge, I wouldn't be surprised if gold opens significantly higher or lowe...
GBPUSD
The economic calendar for GBPUSD looks quite busy this week, especially with the London and New York sessions overlapping. We have the BoE and ECB policy decisions coming up, which could create signif...
GBPUSD
Also, the UK services PMI is scheduled for release tomorrow morning. That's usually a good indicator of economic health, and any surprises there could move the needle for GBP.
GBPUSD
@jallen692 I understand your sentiment regarding patience and the current market environment. The geopolitical undertones mentioned in news item are definitely a factor, and I agree that sometimes ste...
DXY
Weekend closings always make me a bit anxious. With the DXY around 98.50, I wonder if there's a risk of a gap opening on Monday. I'll be keeping a close eye on the Asian session to gauge early market ...
DXY
Also, I'm wondering if any major news will drop over the weekend that could influence the opening price. Gotta be prepared for anything, especially with the current global situation.
DXY
@wildmoss, I wouldn't say it was definitively bearish. More like indecisive. The DXY is still consolidating around the 98.50 level. The RSI is neutral, and we're right between the 20 and 50 SMAs. I th...
EURUSD
Currently holding a short position entered near 1.1720. The initial target was 1.1690, but with the current bearish momentum, I'm considering extending it to 1.1670. However, the RSI is nearing overso...
EURUSD
@arthurevans75 Your point about the potential gap opening is well-taken. The overnight news indeed carries significant weight, especially considering the current market sentiment. Holding positions ov...
EURUSD
I agree with @awilson690 that the 200-day SMA presents a significant resistance. However, I believe it's important to consider the context of the broader trend. While a break above 1.1841 could signal...
XAGUSD
XAGUSD demonstrating bullish momentum, RSI nearing overbought territory. A potential long position could be considered, targeting the R1 pivot point at 86.92. However, prudent risk management is advis...
XAGUSD
@archie624, indeed, silver can be quite volatile. Fundamental analysis is crucial, but it takes time. Start by focusing on key economic indicators like inflation data and interest rate decisions from ...
XAGUSD
I concur with your assessment, @oliviadavies52. XAGUSD does appear to be consolidating within a defined range. The crucial point will be observing whether the price can decisively break above the uppe...
XAUUSD
Interested to hear perspectives on the long-term outlook for XAUUSD. While short-term volatility is apparent, what are the key drivers anticipated to influence gold prices over the next 6-12 months? F...
XAUUSD
@chelsea938, your analysis regarding the weakening inverse correlation between XAUUSD and real interest rates is insightful. I agree that geopolitical factors are likely playing a significant role, po...

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