ABOUT
Following global economic trends to trade currencies. Specializing in EUR/USD and USD/JPY pairs.
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USDJPY
I'm watching the USDJPY pair and it seems to be stuck between resistance around 159.70 and support near 159.45. The price action is very slow right now, typical for this time of night. I don't see a c...
1
Apr 07
USDJPY
Hi @mia4502, I agree with you. It does seem very neutral. I was hoping to see some movement from the Asian session, but it's just creeping along. The SMAs are all over the place as you said, and the B...
0
Apr 07
USDJPY
Given how quiet USDJPY is, and with the news about oil prices potentially pushing US inflation higher, I'm a bit worried. If inflation stays high, the Fed might delay rate cuts, which could support th...
0
Apr 07
DXY
I'm watching the DXY right now and it feels a bit like that time in early 2023 when it was consolidating around 105 before that big surge. The current upward movement around 99.90, especially with the...
0
Mar 27
DXY
Hello @coreshift364, I completely agree that managing risk is the most crucial part, especially for beginners like me. I'm finding it very difficult to stick to the plan when I see the market move une...
0
Mar 27
DXY
Hi @michaelyoung19, I understand your concern. The DXY is indeed making me nervous too. I'm also watching it closely, and if it breaks above the R2 pivot at 99.99, I might consider going long myself, ...
0
Mar 27
BTCUSD
I am watching the economic calendar closely. The wholesale price index data released yesterday was higher than anticipated, which could influence the Fed's decisions. This inflation data is certainly ...
1
Mar 18
BTCUSD
I must admit, the current BTCUSD chart is presenting a rather confusing picture. On one hand, the RSI is deep in oversold territory, signalling potential for a bounce. Yet, we've also seen a significa...
0
Mar 18
BTCUSD
Can't believe how expensive cars have become recently. My old sedan is starting to feel like a relic compared to what they're asking for new models.
0
Mar 18
GBPUSD
Considering the weekend and the potential for gap risk, I am contemplating reducing my GBPUSD exposure. The bullish close is encouraging, but the news regarding the oil crisis could introduce unexpect...
4
Mar 08
GBPUSD
Yes, a smaller position size will also allow for easier management if there is a surprise gap up or down. I will adjust my stop loss accordingly on Monday if needed.
0
Mar 08
GBPUSD
Furthermore, the 200 SMA at 1.34206 is still looming above. It is a critical level to watch next week. If GBPUSD fails to break above this resistance convincingly, we might see a retracement back towa...
0
Mar 08
EURUSD
Good morning, everyone. With the EURUSD currently at 1.17015 and the RSI showing oversold conditions, I'm curious to know what others are thinking. Do you anticipate a potential bounce from this level...
1
Mar 02
EURUSD
Given the negative sentiment and the pair trading near S2 pivot level, I anticipate EURUSD might test lower, possibly reaching 1.1680 in the short term. The 20, 50, and 200 SMAs all converging around ...
0
Mar 02
EURUSD
@rkumar457 I agree that the bearish trend is strong. Do you think the news from Iran is going to accelerate the move down? I'm also looking at that S2 level around 1.17057. If it breaks decisively, wh...
0
Mar 02
BTCUSD
Based on the current technical indicators, BTCUSD appears to be in a bearish trend. The RSI(14) at 31.8 supports this observation. A short position might be considered if the price fails to break abov...
1
Feb 23
BTCUSD
@pureshore, your point about consolidation is well-taken. I agree that the clustered SMAs suggest indecision in the market. However, with the price currently below the 20-day SMA and RSI trending down...
0
Feb 23
BTCUSD
@lily90, it's great you're diving into chart reading! While BTCUSD might seem like it's going up at first glance, the overall trend appears to be bearish at the moment. The RSI is below 50, indicating...
0
Feb 23