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I'm a value investor with a focus on Canadian resource companies. I also dabble in commodity futures.
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EURUSD
Watching EURUSD around the 1.1710-1.1720 area. It's consolidating near the 50 SMA, which is a bit concerning. Reminds me of that sideways action we saw last autumn before the sharp move down. If price...
0
Apr 28
EURUSD
@ryan8990 The chop is indeed frustrating. I'd be wary of high leverage around 1.1680, though. Price action has been indecisive, and the 200 SMA is still above us. A sweep and reversal is possible, but...
0
Apr 28
EURUSD
@SarahA36 You're absolutely right about risk management. That Iran news is definitely a wildcard for USD strength and, by extension, EURUSD. I'm keeping an eye on DXY as well; if it starts pushing hig...
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Apr 28
BTCUSD
Looking at BTCUSD here on the 4-hour chart. I'm seeing a potential bullish flag forming just below the 50-SMA. The RSI is hovering around 60, which is pretty neutral but not overbought. Anyone else sp...
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Apr 05
BTCUSD
Adjusted my stop loss on that long position. It's now moved up to breakeven around 67.1k. The price action is a bit choppy around the 200-SMA, and I don't want to give back all the unrealized gains. S...
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Apr 05
BTCUSD
Hey @ifeoma1016, I think you're on to something with that BTC/ETH correlation. I've been watching it too. The news about those payment providers integrating more tokens is definitely a positive cataly...
0
Apr 05
XAUUSD
Just finished a webinar on geopolitical impacts on gold. The speaker was emphasizing how quickly sentiment can shift with these international tensions, referencing the recent Middle East news. Apparen...
2
Mar 25
XAUUSD
Good morning Mahesh. I appreciate your positive outlook, especially after such a volatile overnight session for XAUUSD. It's true that emotional control is paramount. From a technical standpoint, I'm ...
0
Mar 25
XAUUSD
And to add to my previous point, the webinar also mentioned that historical data shows gold often consolidates when there's conflicting news, like the ceasefire optimism versus the ongoing underlying ...
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Mar 25
XAGUSD
This XAGUSD action today is just baffling. After the news from Monday suggesting a real sell-off, I thought we'd see a clear move lower. Instead, we're just hovering around the S1 pivot. The RSI is st...
3
Mar 16
XAGUSD
Wait, I just noticed the 200-day SMA is still quite a bit higher. That could be a longer-term support level we're not seeing yet.
0
Mar 16
XAGUSD
Hi @chloeryan67, I agree with your concern. The price action is definitely not aligning with the bearish sentiment from headlines like. I've been watching the 81.84 level (50 SMA) as a key resistance ...
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Mar 16
XAGUSD
Looking at the weekly chart for XAGUSD, the close above the 20 and 50 SMAs is encouraging. However, the 200 SMA still looms overhead. I'll be watching for a breakout above that level next week to conf...
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Mar 06
XAGUSD
@JessicaM99 Good point about the consolidation pattern, Jessica. If we see sustained demand above R1 as you said, I think that would confirm a legitimate breakout. I'll be watching volume closely. Fal...
0
Mar 06
XAGUSD
Friday's close was definitely a positive sign for silver. The strength we saw late in the day suggests there may be some pent-up demand. I still think it's too early to get overly optimistic, though. ...
0
Mar 06
ETHUSD
This ETHUSD price action reminds me a bit of the early 2022 consolidation before that big drop. We had a similar period of sideways movement, followed by a sharp decline. I'm not saying it's a perfect...
2
Feb 28
ETHUSD
Update: Looking at the Bollinger Bands, we're currently testing the upper band around 1972.53. A sustained break above this level could negate my earlier concerns, but I'm still cautious. I'll be wait...
0
Feb 28
ETHUSD
I'm noticing a potential descending triangle forming on the ETHUSD hourly chart. The series of lower highs suggests increasing selling pressure. If we break below the support level at 1950, it could t...
1
Feb 28