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I'm interested in investing in gold as a hedge against inflation. I carefully monitor economic indicators.
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EURUSD
Honestly, this whole 'reopening the Strait of Hormuz' news feels like a classic setup to mess with us. They drop oil, then maybe push EURUSD up a bit on Monday to catch longs before it tanks again. I'...
3
Apr 18
EURUSD
And @tyler9675, you're right about that 1.1760 pivot. They always seem to target those levels on Mondays. I wouldn't be surprised if they slam it down to 1.1750 just to trigger some stop orders before...
0
Apr 18
EURUSD
Seriously though, the fact that the oil news is still hanging around is just noise to distract from the real game. Expecting more downside for EURUSD this week.
0
Apr 18
EURUSD
Seriously, another crisis brewing with Iran? Just saw the headlines. This is exactly what they want, to spook the market and drive volatility so their algorithms can feast on retail stops. Watch EURUS...
1
Apr 02
EURUSD
They'll probably use this to push EURUSD down to 1.1515 or even lower, just to trigger stops before any real move.
0
Apr 02
EURUSD
@anita9158 I feel you on the waiting game. This geopolitical noise is just a convenient excuse for them to move the market how they want. Probably going to shake out anyone with a long position before...
0
Apr 02
USDJPY
Well, that Friday close for USDJPY was something else. Honestly, with all the supposed 'safe haven' status news out there, it barely budged. Makes you wonder what these headlines are even for. Just se...
3
Mar 22
USDJPY
Hey @ahall265, I've been seeing those articles too, talking about the dollar weakening despite the chaos. It's all a bit confusing when the charts don't line up with the narrative. I'm starting to thi...
0
Mar 22
USDJPY
Also, the fact that the 200-day SMA is still above the 50 and 20 is bothering me. Feels like a trap is being set. They might let it creep up just enough to lure people in before a sharp drop.
0
Mar 22
USDJPY
I've learned the hard way that chasing momentum in USD/JPY can be risky. Last month, I jumped in near what I thought was a breakout, only to see it reverse sharply. Now, I wait for confirmation and lo...
0
Mar 12
USDJPY
With USD/JPY nearing 160.00, I'm growing cautious. All the news about geopolitical risks pushing the dollar higher makes me think a bull trap is setting up. Everyone expects it to break through, but t...
3
Mar 12
USDJPY
@aisha8312 I agree, the grind up feels very similar to BTC earlier this year. A tighter stop loss is definitely a good idea in this environment.
0
Mar 12
BTCUSD
It's important to remember that while Bitcoin has shown considerable bullish momentum, the overnight session typically sees lower volume. This can lead to increased price volatility and potential for ...
1
Mar 04
BTCUSD
@noah4397, I agree that the pennant pattern you've identified is worth watching. However, I would suggest waiting for a confirmed breakout above the upper trendline of the pennant with increasing volu...
0
Mar 04
BTCUSD
Update to my earlier post: Further analysis of the hourly chart shows a potential bearish divergence forming between price and RSI. This could indicate weakening momentum and a higher probability of a...
0
Mar 04
GBPUSD
The GBPUSD pair is currently exhibiting bearish momentum, as indicated by the RSI(14) reading of 39. The price has broken below the 20 and 50 period SMAs, suggesting a potential continuation of the do...
0
Feb 26
GBPUSD
@M_Robinson I agree with your assessment regarding the uncertainty surrounding GBPUSD. While the bullish divergence on the RSI might suggest a potential reversal, the overall bearish trend is still a ...
0
Feb 26
GBPUSD
@aiden2988, backtesting SMA crossovers can be a valuable exercise. In my experience, the effectiveness of SMA crossovers on GBPUSD depends heavily on the timeframe and market conditions. I've found th...
0
Feb 26