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Trading forex and learning about economic indicators. Looking to improve my trading strategy.
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USDJPY
This AUD/USD news is interesting, but it's not directly impacting USDJPY as much as I'd hoped. I'm still seeing bearish signs on the hourly charts though. The dollar seems a bit weak overall today. I'...
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Apr 14
USDJPY
Hey @jack3799, I agree about the low volume. It's making it really hard to get a clear picture of what's going on with USDJPY. The price action feels a bit choppy, and I'm hesitant to make any moves u...
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Apr 14
USDJPY
@leo9127 you might be right about the volume making that triangle pattern questionable. It's definitely looking more like just general choppiness right now.
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Apr 14
XAGUSD
This XAGUSD sideways movement is really reminding me of that period back in late April. Prices were just stuck between 68 and 71 for days. It felt like nothing could break the range. I'm wondering if ...
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Mar 30
XAGUSD
@northstar592 Sorry to hear about the stop out. That dollar strength news is definitely a beast for XAGUSD right now. I saw the headlines about easing geopolitical tensions, and that usually weakens m...
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Mar 30
XAGUSD
@rajesh4854 That's a good point about the gap risk. With the geopolitical stuff potentially calming down, it might take some pressure off XAGUSD. I'm watching the 70.00 pivot closely too. If we can ho...
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Mar 30
XAUUSD
Looking at the XAUUSD chart, I'm seeing a potential descending triangle forming on the H4 timeframe. The resistance level around 4600 seems to be holding firm, while the price is making lower lows. Th...
1
Mar 20
XAUUSD
The current price action on XAUUSD is quite concerning for bulls. We've seen a significant drop from the highs, and the price is now trading below the 20 and 50 SMAs on the daily chart, which is a bea...
2
Mar 20
XAUUSD
Hey @AishwaryaSkier, I agree, it's been sluggish. I'm watching the 4550 support level very carefully. If it breaks, I anticipate we might see some more movement downwards, possibly testing the lower B...
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Mar 20
XAGUSD
Just closed my long position on XAGUSD at 89.45. Took a small profit, about 0.5%. RSI was showing overbought conditions on the hourly chart, and with the current volatility, I decided to secure gains ...
1
Mar 10
XAGUSD
Is anyone else noticing a potential ascending triangle forming on the 4-hour chart for silver? Resistance around 90.20 and higher lows developing. Confirmation needed, but if it breaks upwards, we cou...
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Mar 10
XAGUSD
@amit386 I agree, the sensitivity to global events is quite high. It requires constant monitoring and quick decision-making. I always keep an eye on news releases before making any trades.
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Mar 10
XAGUSD
Just initiated a short position on XAGUSD at 79.58. RSI is indicating oversold conditions, but the overall bearish momentum seems strong. Targeting 78.50 as a potential take profit level, placing a st...
1
Mar 03
XAGUSD
The market sentiment surrounding XAGUSD appears to be heavily influenced by fear right now. The steep decline today is likely triggering stop losses and margin calls. Cautious optimism may be warrante...
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Mar 03
XAGUSD
The dramatic fall in XAGUSD today warrants a very cautious approach. While the RSI is deeply oversold, suggesting a potential bounce, relying solely on this indicator could be risky. We need to consid...
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Mar 03
XAUUSD
XAUUSD is currently testing resistance near the upper Bollinger Band around 5198 and the R2 pivot at 5192.3. The RSI at 59.4 is neutral so I'm cautious about further upside without clearer momentum. W...
1
Feb 25
XAUUSD
Anyone else seeing bearish divergence on the H1 chart for XAUUSD? Just wondering if I'm overthinking it.
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Feb 25
XAUUSD
My short-term view on XAUUSD is still neutral to slightly bullish. A break above 5200 with good volume could confirm further upside, but failure to hold current levels might push it back to the 5175 a...
1
Feb 25