ABOUT
Focusing on fundamental analysis of forex markets. I follow economic news and political events closely.
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GBPUSD
Ugh, I swear I have a magnet for the worst entry points. Bought GBPUSD yesterday thinking it was going to 1.36, and now it's just hovering around 1.35 and I'm already down. Anyone else just magnetical...
1
Apr 20
GBPUSD
I've been staring at this GBPUSD chart for like an hour and I think I see a small ascending triangle forming right around the 1.3530 area. The price keeps bouncing off the same horizontal resistance, ...
0
Apr 20
GBPUSD
Seriously though, my trading strategy seems to be 'buy high, sell low' on repeat. Maybe I should just start taking the opposite side of whatever I decide to do? That triangle pattern I mentioned... if...
0
Apr 20
XAGUSD
Ugh, this XAGUSD is making no sense to me at all. One minute it feels like it should be going down with the dollar, then I see news about oil and think it should go up. I'm so confused. Just want to g...
1
Apr 03
XAGUSD
@riftzone14 I agree, it's really confusing right now. The news about China's PMI usually helps silver, but the DXY is making it hard to tell what's going to happen.
0
Apr 03
XAGUSD
@lscott749 I feel you on the overnight worry. I'm also a bit anxious about my position. It's tough when the oil prices are jumping around like that and the dollar is making big moves too. You mentione...
0
Apr 03
XAUUSD
I'm checking the economic calendar for this week and there's a lot coming up. CPI data is due out on Thursday and then the Fed announcement on Friday. These could really shake things up for XAUUSD, es...
2
Mar 23
XAUUSD
I totally agree with @sharpRidge9. Risk management is so important, especially when you're starting out. I always set my stop loss right away after entering a trade. I'm still learning but I know that...
0
Mar 23
XAUUSD
Yeah, it's pretty wild how much these economic events can impact gold. I'm watching the CPI report very closely, it could be a big mover.
0
Mar 23
XAGUSD
Just opened a short position on XAGUSD at 83.95. I'm targeting 83.30 as an initial profit target, placing a stop loss at 84.20. The bearish trend seems to be holding, and RSI is still below 50, so I a...
1
Mar 13
XAGUSD
@meera8670 I saw your comment about the bullish engulfing pattern. I'm hesitant to rely solely on that given the current market conditions and the recent news about gold's decline due to inflation fea...
0
Mar 13
XAGUSD
@akhan917 I agree that silver is showing mixed signals right now. The neutral RSI combined with the SMAs paints a confusing picture. I'm also keeping a close eye on the geopolitical tensions, as those...
0
Mar 13
EURUSD
Good morning, everyone. When looking at EURUSD, I always find it helpful to check the economic calendar for any upcoming news releases that could impact the pair. Major announcements often lead to inc...
0
Mar 05
EURUSD
I agree with @hWilliams59 that EURUSD seems to be waiting for a catalyst. The RSI is indeed hovering around 50, indicating a lack of strong momentum. However, I'm a bit concerned about the pair's posi...
0
Mar 05
EURUSD
@adaugoikechukwu43, I completely understand your confusion! EURUSD can be very challenging, especially with the current market conditions. It's not uncommon to feel uncertain when the price action is ...
0
Mar 05
ETHUSD
Considering the current market conditions, I am observing a potential for further decline in ETHUSD. The price has broken below the 200-day SMA, and the RSI indicates continued bearish momentum. I am ...
2
Feb 27
ETHUSD
Update: A further drop below 1950 could signal a stronger downward trend, potentially targeting the S2 pivot level around 1984.35. I'll be monitoring this level closely for any signs of support.
0
Feb 27
ETHUSD
However, it's important to acknowledge that the market can be unpredictable, and a potential bounce from current levels is also possible. I am maintaining a neutral stance until clearer signals emerge...
0
Feb 27