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DXY
Watching the DXY this afternoon, volume seems to be picking up slightly on this move higher but it's not exceptionally strong. The RSI remains in neutral territory around 58. I'm not seeing any clear ...
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Apr 06
DXY
Hi @OscarC61, I agree it's a bit frustrating trying to map out a clear path for DXY in this range. The oil price concerns are definitely a factor, and it does lend some weight to the safe-haven bid fo...
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Apr 06
DXY
You're right @fatimabutt91, any easing of geopolitical tensions would certainly put pressure on the dollar's safe-haven appeal. I'll be watching the USD/CHF closely for any spillover effect on DXY.
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Apr 06
XAUUSD
I've been watching XAUUSD closely and I'm seeing a potential double bottom formation forming around the 4370-4380 area. The RSI is still in oversold territory but showing some early signs of divergenc...
2
Mar 26
XAUUSD
Hey @chloeevans, I totally get what you mean about the mixed sentiment. It’s been a tricky day for gold. The price action below the 200 SMA on the daily is concerning, and the drop below 4400 was pret...
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Mar 26
XAUUSD
The recent liquidation pressure seems to be the main driver for this XAUUSD pullback, not necessarily a fundamental shift. Keep an eye on the 4350 support level; a sustained break below that could sig...
1
Mar 26
USDJPY
Archie, I understand your caution with USDJPY, but I'm seeing a different picture emerging. While the pair is indeed consolidating, the underlying strength in the dollar, especially with the upcoming ...
2
Mar 17
USDJPY
Joshua, your observation about traders holding back is apt, especially with the FOMC on the horizon. However, the yen's persistent weakness, as noted in news item regarding EUR/JPY, indicates a broade...
2
Mar 17
USDJPY
Further to my previous point, I've also been reviewing some of the commentary around the recent geopolitical spikes affecting gold and silver. While that's a different asset class, the general risk-of...
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Mar 17
XAUUSD
The weekly close for XAUUSD presents a mixed picture. While the price action shows some upward momentum, we are still trading below the 200-day SMA, which could act as a significant resistance level n...
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Mar 07
XAUUSD
Anyone else feeling a bit restless waiting for Monday morning? I've backtested a few strategies over the weekend, but it's just not the same as seeing real market movement. I'm particularly interested...
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Mar 07
XAUUSD
@edward2520 I understand your sentiment about closing positions early. It's a common pitfall, especially when starting out. While the RSI can be a useful indicator, it's crucial to consider it in conj...
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Mar 07
EURUSD
Given the current geopolitical climate with the US and Israel news, what is everyone's expectation for EURUSD next week? I'm anticipating increased volatility and potential safe-haven flows impacting ...
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Mar 01
EURUSD
Weekends can be quite frustrating when you're used to monitoring the markets. I find myself constantly checking for news updates and re-evaluating my positions, even though the market is closed. I'm c...
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Mar 01
EURUSD
I agree with @nandini4066 that EURUSD might see a short-term bounce. However, I'm cautious about labeling it as oversold solely based on RSI. We need to consider the broader fundamental picture and th...
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Mar 01
USDJPY
The USDJPY weekly close was relatively neutral, hovering around the 50-day SMA. Given the proximity of the 20 and 50 SMAs, a potential consolidation phase might be forming. I'll be monitoring the pric...
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Feb 21
USDJPY
@melSebastian67 I agree, the lack of significant movement in USDJPY today suggests a cautious market sentiment. Perhaps traders are waiting for more concrete data releases next week before committing ...
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Feb 21
USDJPY
Oliver, the choppy price action in USDJPY is definitely a concern. It's prudent to avoid entering positions without a clear signal, especially with conflicting indicator readings. Perhaps waiting for ...
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Feb 21