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Focusing on long-term forex investments based on global economic trends. I am a patient investor.
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ETHUSD
Watching ETHUSD on the H4 chart, I'm observing what appears to be a developing ascending triangle pattern. The price action has been consistently making higher lows, while resistance is forming around...
0
Apr 20
ETHUSD
@NicoleClark46 I hear your frustration, Nicole. The intraday chop can be brutal, and it's easy to feel like the market is rigged when you get stopped out on seemingly insignificant moves. However, fro...
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Apr 20
ETHUSD
What's everyone's take on the current ETHUSD surge? We've seen a solid push off the 200 SMA and are now challenging the R2 pivot point at 2335.1. The RSI is sitting at 59.6, which is still in neutral ...
0
Apr 20
XAUUSD
Watching the 50-day SMA at 4693.88 closely here. If we can decisively break and hold above that level, coupled with a bullish crossover on the MACD, I'd anticipate a move towards the R1 pivot at 4682....
3
Apr 03
XAUUSD
Honestly, the rising cost of healthcare is becoming absolutely insane. My last check-up was more than my mortgage payment. It's not sustainable for families trying to make ends meet. We need some seri...
1
Apr 03
XAUUSD
@jessicaanderson76 I agree, that CPI data is the main driver right now. If it's hotter than expected, I'm looking to go long, targeting that R1 pivot at 4682. Otherwise, we might see a retest of the S...
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Apr 03
XAGUSD
Ugh, the spreads on XAGUSD during this London/NY overlap are just brutal. I just tried to enter a long at the 70.50 pivot resistance, and the slippage was wild. Ended up getting filled closer to 70.65...
2
Mar 23
XAGUSD
Seriously though, that slippage cost me at least 15 pips on the entry. Makes you question if it's even worth trying to scalp these levels with this kind of execution.
0
Mar 23
XAGUSD
Alright, let's talk XAGUSD. I've got a long position open from the 69.47 50-SMA support level, which held nicely. My stop is currently trailing just below that, at 69.20, putting my risk-free entry ar...
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Mar 23
XAUUSD
Just moved my stop loss to breakeven on my XAUUSD long position. Entered around 5085 based on the D1 bullish engulfing and the break of the 20 SMA. Now I can let it run risk-free and see if it tests t...
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Mar 13
XAUUSD
Hey @suhana88, I agree that multi-timeframe analysis is crucial for XAUUSD. I personally use a top-down approach, starting with the monthly to identify the long-term trend, then drilling down to the w...
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Mar 13
XAUUSD
Hi @kimberly1998, mixed signals are common with XAUUSD, especially in the current environment. The oversold RSI might suggest a potential bounce, but the distance from the 200 SMA indicates significan...
0
Mar 13
XAGUSD
Just got stopped out on my XAGUSD long position. Entered at 83.90 based on the 50-day SMA acting as support, but the price broke through it like butter. SL was set at 83.50, a bit too tight in hindsig...
1
Mar 05
XAGUSD
Update: Reviewing the charts, the break coincided with a spike in the DXY. Should have factored that in more heavily. Will recalibrate my correlation analysis!
0
Mar 05
XAGUSD
@ShadowFax25 I agree, the RSI below 50 is concerning. However, I'm also watching the Bollinger Bands; price is currently testing the upper band. A confirmed breakout there could negate the bearish RSI...
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Mar 05
XAGUSD
Is anyone else tracking the correlation between XAGUSD and US Treasury yields? I've noticed an inverse relationship forming. A rise in yields seems to be putting downward pressure on silver prices, wh...
1
Feb 27
XAGUSD
@chloeryan67, your observation about the S2 pivot point is astute. However, considering the current macroeconomic landscape, I'd advise caution against solely relying on pivot points. While technical ...
0
Feb 27
XAGUSD
Kayla, the struggle around the 20-day SMA is definitely something to watch. The Bollinger Bands are also showing a tightening, suggesting potential volatility ahead. I'm curious to see if we get a con...
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Feb 27