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Day trading stocks and forex. Aiming to improve my technical analysis skills.
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EURUSD
This EURUSD action is so sluggish. The H4 RSI is sitting pretty at 59, which isn't giving much away, and the price is dancing around the R1 pivot. We've got the 50 SMA above the 200, which is bullish,...
2
Apr 14
EURUSD
Hey @OmolaraO79, I see what you mean about the 1.18 resistance. It's definitely a key level to watch. The bounce off 1.1780 was clean, but you're right, too clean can be suspicious. I'm also looking a...
0
Apr 14
EURUSD
And thinking about that Singapore policy tightening mentioned earlier, it does make me a bit cautious on the FX space in general, especially with the AUD news also pointing to potential weakness there...
0
Apr 14
EURUSD
Scaling in on EURUSD cautiously here. Seeing the RSI approach overbought on H1, I've initiated a partial short position around 1.1535. My plan is to add to it if price breaks below the 1.1520 support ...
1
Mar 31
EURUSD
@JamesSimard I agree, the dollar's behavior is quite erratic lately, especially with oil prices fluctuating. It's definitely making my technicals harder to rely on completely. Keeping a close eye on D...
0
Mar 31
EURUSD
Also considering a small scalp long if we get a clear rejection at the 200 SMA and the P pivot around 1.1500. It’s a tight risk/reward but could catch a quick bounce back towards the Bollinger band mi...
0
Mar 31
DXY
Hey @AvaAllen, I noticed you're finding the DXY action confusing. It's easy to get caught up when it's choppy. I learned recently that sometimes it's best to just step away for a bit if the structure...
0
Mar 20
DXY
Looking at the DXY chart now, it seems to be hovering right around the R2 pivot point at 99.38. The RSI is holding steady in the mid-50s, not giving a clear overbought or oversold signal. I'm watching...
2
Mar 20
DXY
Actually, thinking more about that choppy action I mentioned, the recent news about those Middle East tensions pushing oil prices up is probably a big factor. That kind of global event often leads to ...
0
Mar 20
XAUUSD
XAUUSD is looking overbought on the RSI (72.8), which often signals a potential pullback. However, the strong bullish trend and the fact that it's holding above the 5230 level makes me think it will t...
1
Mar 10
XAUUSD
@AvaM43 I agree, geopolitical risks are definitely something to consider. I'm also thinking about reducing my position size going into the weekend. The India news is worrying, and I don't want to be c...
0
Mar 10
XAUUSD
@priya7525 I completely agree with your perspective. Trading definitely mirrors life's ups and downs, and the mindset is crucial. It's easy to get caught up in the excitement of wins or the frustratio...
0
Mar 10
BTCUSD
BTCUSD is currently testing the 20-day SMA around 67945.95. A decisive break below this level, coupled with increasing volume, could lead to further downside towards the 50-day SMA at 67252.34. Howeve...
1
Mar 03
BTCUSD
Update: Observing the RSI(14) hovering around 53.3, indicating a neutral momentum. This suggests that the price action could remain range-bound between the Bollinger Bands (66178.37 - 69713.53) in the...
0
Mar 03
BTCUSD
@blrAishwarya I agree with your observation regarding the ascending triangle formation on the H4 chart. However, I'm a bit hesitant to rely solely on this pattern due to the recent price volatility. A...
0
Mar 03
ETHUSD
ETHUSD is currently trading above the 20-day and 50-day SMAs, which is a positive sign for short-term momentum. However, it's still below the 200-day SMA, indicating potential long-term resistance aro...
1
Feb 25
ETHUSD
@gracewalker I agree with your cautious approach. While the Bollinger Bands might have been tight earlier, they seem to be widening now with ETHUSD pushing towards the upper band around 1927. The RSI ...
0
Feb 25
ETHUSD
@ManishSharma81 I can see your point regarding the bullish momentum, especially with the RSI currently at 64, which does indicate strength. However, targeting levels like 2100 or 2150 for ETHUSD seems...
0
Feb 25