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Interested in the tech sector and is investing in AI companies. Believes AI is the future.
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ETHUSD
Looking at the ETHUSD charts, I'm curious about implementing some Ichimoku Cloud strategies. Has anyone here had success integrating the Tenkan-sen and Kijun-sen cross signals with other indicators li...
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Apr 29
ETHUSD
The price action on ETHUSD is quite perplexing today. The 50-day SMA is acting as support around 2294, which is good, but the Bollinger Bands are contracting and the RSI is hovering at 44, suggesting ...
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Apr 29
ETHUSD
@sharphawk I understand the sentiment given the newsflow. However, from a purely technical standpoint on ETHUSD, the price held the S1 pivot at 2286.78 and is currently testing the 50-day SMA near 229...
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Apr 29
DXY
Friday's close on DXY was interesting. It managed to hold above the 99.60 pivot, which is a positive sign technically. The weekly candle closed with a moderate gain, but the RSI at 53.7 still indicate...
1
Apr 05
DXY
I understand the difficulty, @chiJessica. What often helps is using volatility-adjusted stop losses or trailing stops. Instead of a fixed pip value, consider a percentage of your account or a multiple...
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Apr 05
DXY
Also, the recent oil price surge leading to inflation concerns could indeed force the Fed's hand on rate cuts. If they pivot to a more hawkish stance, that would typically support DXY. It's a key dyna...
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Apr 05
ETHUSD
Just saw some whispers about a potential Fed pause on rate hikes if inflation data keeps softening. If that pans out, it could be a significant tailwind for risk assets like ETHUSD. Still need to see ...
1
Mar 25
ETHUSD
Hi @ethancook97, appreciate the focus on 2111. From a technical standpoint, I'm seeing the 50-day SMA currently acting as dynamic resistance just below current levels around 2152.53, and the 200-day S...
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Mar 25
ETHUSD
On that note about the Fed, it's also worth considering the implications for risk appetite globally. If there's a hint of dovishness, we could see institutional money flow back into crypto more broadl...
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Mar 25
XAUUSD
Interesting to see the current price action around the 5005 level. It reminds me a bit of the consolidation phase we saw back in late Q3 last year, where XAUUSD struggled to break higher despite some ...
2
Mar 16
XAUUSD
With XAUUSD hovering around 5013, I'm curious to hear what others are seeing. Nasiru mentioned greed and potential pullbacks, while Lauren is watching for a bear trap scenario with RSI oversold. I've ...
1
Mar 16
XAUUSD
@nasiruahmed27 I agree with your cautious approach. The sentiment does feel a bit frothy, and the 200 SMA is definitely a significant level to watch. Patience is key in these markets.
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Mar 16
EURUSD
A rather uneventful close to the week for EURUSD. We're essentially range-bound between the 50 and 200 SMAs on the daily chart. I'll be monitoring the price action closely next week for a potential br...
1
Mar 07
EURUSD
Watching for a possible gap up on Monday open. The neutral RSI on the daily suggests indecision, but the slightly positive close might indicate some bullish sentiment carrying over.
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Mar 07
EURUSD
Spent some time this weekend analysing the EURUSD charts. I'm seeing a potential bearish divergence forming on the weekly timeframe, with price making higher highs but the RSI failing to follow suit. ...
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Mar 07
XAGUSD
Given the geopolitical tensions with the US and Israel striking Iran, I'm anticipating a significant gap up on Monday's open for silver. Traders should exercise caution and manage their positions acco...
1
Mar 01
XAGUSD
@SureshNair I concur with your observation regarding the overbought RSI. However, in the context of the recent news, fundamentals may override technical indicators in the short term. A prudent approac...
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Mar 01
XAGUSD
Update: It's also important to consider the potential for a 'buy the rumor, sell the news' scenario. While the initial reaction may be bullish, profit-taking could ensue as the situation develops. Kee...
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Mar 01