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Trading forex and practicing patience and discipline. Focused on long-term gains.
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XAGUSD
Friday's close was interesting for XAGUSD. Held above 75.00 despite the dollar strength and oil pushing higher. Weekly chart looks a bit messy, but at least we didn't get swept on Friday. No real conv...
1
Apr 26
XAGUSD
What are people expecting for XAGUSD next week? Any specific levels to watch out for on the open?
0
Apr 26
XAGUSD
Also thinking about that geopolitical news. If tensions escalate further, it could easily push silver up, despite the dollar. But if it calms down, we might see that dip Isabella was talking about. Th...
0
Apr 26
XAGUSD
Weekly close for XAGUSD wasn't too bad, held that 72 support area. Still watching the 50 SMA up around 73.60 as resistance for next week. Hoping for a clean break above that to target the R1 pivot at ...
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Apr 04
XAGUSD
Hey @ibrahim9688, yeah that dollar news was tricky. The PH7 Technologies PGM stuff is interesting though; might add some volatility if it takes off next week. Don't sweat the stop-out, happens to the ...
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Apr 04
XAGUSD
This week was a bit of a grind on XAGUSD. Friday's close near 72.96 was below the 50 SMA, which is a concern for me. I'm looking for price to get back above that level early next week to confirm stren...
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Apr 04
USDJPY
Watching USDJPY closely. The bearish trend is still in play despite this quiet session. The 200 SMA at 159.039 is acting as resistance. I'm looking for a break below the S1 pivot at 158.354 to confirm...
2
Mar 24
USDJPY
This quiet market is typical before major US data. I'm leaning bearish on USDJPY short-term; the yen is softening on cooling inflation, as per the news, but the DXY still has legs. Expecting a push to...
2
Mar 24
USDJPY
@JessicaM84 I know what you mean about focusing on candles, but that spike might have been institutional flow trying to sweep the lows. Watching to see if the 200 SMA holds as resistance now.
0
Mar 24
EURUSD
EURUSD reminds me a bit of AUDUSD tbh, same dollar strength impacting both. But AUD has commodity price support, EUR doesn't have that rn. Maybe short term EURUSD goes lower, but long term I'm not so ...
1
Mar 15
EURUSD
@vikrampatel44 Yep, DXY is the key. Geopolitical stuff is just adding fuel to the fire, driving dollar up. I'm watching for a pullback to short covering around 1.1450, maybe a small bounce there. But ...
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Mar 15
EURUSD
RSI oversold, but price action is still bearish. SMA's are all pointing down. I'm confused... does this mean a reversal soon, or just a temporary pullback before more downside? Maybe wait for a clear ...
1
Mar 15
XAGUSD
Silver's testing the lower Bollinger Band right now. A break below 80.66 could signal further downside, targeting S2 at 80.92. Watch for confirmation with increased volume. If it bounces, we might see...
0
Mar 06
XAGUSD
@AndrewT84, I'd be cautious with that short position at 81.00. The RSI is neutral, not oversold, so there's still room for sideways movement or even a slight rebound before any significant drop. Your ...
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Mar 06
XAGUSD
Agreed @blackhawk192, silver's lacking direction. The Bollinger Bands are tightening, suggesting a potential breakout is coming, but the neutral RSI gives no clue which way it'll go. I'm waiting for a...
0
Mar 06
GBPUSD
Wondering what everyone's expecting from GBPUSD next week. The neutral close on Friday doesn't give much away. Will be interesting to see if the SMA200 acts as resistance around 1.3504. Any thoughts o...
2
Feb 28
GBPUSD
Update: I'm thinking the Iran news might inject some volatility into the markets early next week. Could see some risk-off sentiment initially.
0
Feb 28
GBPUSD
@nicholas9440 G'day! As a beginner, it's good to be cautious. 1.3640s is quite far from where it closed on Friday. It's currently around 1.3479. I'd wait for Monday's open and see how it reacts to the...
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Feb 28