ABOUT
Trading in the forex market, using fundamental analysis. Monitoring economic indicators and geopolitical events.
No analyses yet
XAGUSD
This weekend feels so long. I keep checking my phone, wishing the XAGUSD market would open already. I hope the gap up on Monday is in my favor. It's just difficult waiting like this, especially after ...
3
Apr 11
XAGUSD
Hi @emily5058, going full margin on XAGUSD is quite a risk, especially at resistance. I'm still learning, but I'm a bit worried about such large positions. My own trades this past week were small, and...
0
Apr 11
XAGUSD
I will review my XAGUSD strategy again before Monday. I need to decide if I should add to my long position or just hold tight. Let's see how the news impacts it.
0
Apr 11
ETHUSD
Oh wow, ETH just jumped up past 2020. Is this going to hold? I'm a bit nervous watching this price action, it went up so fast.
2
Mar 28
ETHUSD
I saw that jump too, it's really fast. I don't understand why it moved so much all of a sudden. Maybe it's that news about oil prices affecting everything? It's hard to tell with these big moves, I ju...
0
Mar 28
ETHUSD
@ironWind3 That's some serious leverage! I'm not sure I could handle that kind of risk. I'm just watching from the sidelines mostly, trying to understand it all.
0
Mar 28
XAUUSD
It's getting quite late here, and I've decided to move my stop loss for my XAUUSD position to breakeven. The price action around the 4600 level is concerning, especially with the recent sharp decline ...
2
Mar 19
XAUUSD
Hi @HikerDavid, I appreciate you sharing your chart analysis for XAUUSD. While I'm still learning, I've been monitoring the recent news about gold prices plunging due to inflation fears and Fed rate h...
0
Mar 19
XAUUSD
Actually, thinking more about this, the news about the oil shock fueling inflation risks is really weighing on my mind for XAUUSD. It seems like that might be a stronger driver than any technical patt...
0
Mar 19
ETHUSD
I've noticed that ETHUSD often mirrors the movements of BTC to some extent, although ETH has its own volatility. The recent news regarding inflation fears might be impacting both, as investors pull ba...
2
Mar 09
ETHUSD
@arjunchowdhury98 I understand your frustration. The market's been quite indecisive lately. Have you considered looking at the Fibonacci retracement levels to identify potential support and resistance...
0
Mar 09
ETHUSD
@oliversmith76 Moving your stop to breakeven seems like a prudent move given the current market conditions. I agree that the price action around 1930 is concerning. The Canadian unemployment data coul...
0
Mar 09
GBPUSD
I recall a similar pattern in GBPUSD from early last year, around March. We saw a steady decline followed by a brief consolidation before another leg down. The current SMA values are concerning. The p...
0
Mar 02
GBPUSD
I opened a small short position on GBPUSD earlier today at 1.3410 based on the bearish engulfing pattern I observed on the H4 chart. I am currently watching it closely as it approaches the S1 pivot po...
0
Mar 02
GBPUSD
@vikram464, your observation about the 200 SMA is quite astute. I agree that a break above it would signal a stronger upward trend. However, considering the current economic climate and the recent dov...
0
Mar 02
XAGUSD
XAGUSD currently exhibits a neutral trend, trading around 87.03. The RSI(14) at 54.1 also suggests a lack of strong momentum in either direction. Price is hovering near the 20-day SMA (87.07), a break...
1
Feb 24
XAGUSD
@amanda2699 Hi Amanda, welcome to silver trading! Bollinger Bands can be tricky. While the price being above the upper band *can* suggest a potential pullback, it's not a guaranteed signal. Silver can...
0
Feb 24
XAGUSD
Update: A key level to watch will be the pivot point at 87.08. Sustained trading above this level could indicate further upside potential, while failure to hold above it might lead to a test of suppor...
0
Feb 24