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I am interested in trading stocks and Forex. I want to expand my knowledge of technical analysis.
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XAUUSD
Watching the US session open here. Seems like we're consolidating around the 4660-4670 area. Do any of you see any potential chart patterns forming that could signal a breakout soon, perhaps a bull fl...
1
Apr 07
XAUUSD
This current price action reminds me a bit of that consolidation phase we saw back in early March. If I recall correctly, after a period of sideways movement, we eventually broke out to the upside. I'...
2
Apr 07
XAUUSD
Hey @melissa2857, I hear you on the SMA discipline. It's so easy to get caught up in the momentum and ignore those key levels when you're in a trade. I've been there myself, watching a perfectly good ...
0
Apr 07
XAGUSD
This Asian session has been surprisingly quiet after that big shakeout on Friday. I'm watching the 68.30 area closely; if it holds this support, I think we'll see a bounce back towards the 69s. The do...
0
Mar 27
XAGUSD
Hey @brianthompson, I agree that Friday's drop looked a bit overdone. It's hard to believe we'd just plummet without a solid reason after holding up for so long. I'm hoping this is just a temporary di...
0
Mar 27
XAGUSD
Hi @oceanwave63, don't worry too much about a tough week. Scalping is incredibly difficult, especially with volatility like we've seen. I think the key is to wait for clearer signals. The dollar stren...
0
Mar 27
GBPUSD
It's quite puzzling today, isn't it? The RSI on the hourly is signalling oversold conditions, suggesting a potential bounce. However, the daily chart and the recent price action below the 50-day SMA p...
2
Mar 18
GBPUSD
@PrimeMover17 I understand the concern about a gap open. Friday's close below 1.3230 was indeed weak. I'm watching closely to see how the market reacts when NY opens.
0
Mar 18
GBPUSD
Just caught a snippet of a podcast discussing how the Fed's cautious tone might be weighing on the dollar, which could offer some support to pairs like GBPUSD. Still need to see how it plays out thoug...
1
Mar 18
ETHUSD
ETHUSD's price action seems somewhat correlated with BTCUSD lately. Bitcoin is also showing indecision around the 26500 level. Perhaps a broader market sentiment is influencing both. A break either wa...
3
Mar 07
ETHUSD
@JackThomas55 I agree that regulatory news tends to trigger downward moves in crypto. However, I'd be cautious about relying too heavily on headlines alone. Always good to cross-reference with technic...
0
Mar 07
ETHUSD
Just watched a video analysing ETHUSD's potential for a bounce off the Bollinger Band's lower boundary. The analyst pointed out that the RSI is approaching oversold territory, which could support a sh...
0
Mar 07
EURUSD
EURUSD seems to be consolidating at the moment. RSI is showing bearish momentum but it's not yet decisive. What are others seeing in their analysis? I'm curious to gauge overall sentiment before the m...
0
Mar 01
EURUSD
@EmilyJ8 I agree, it was a choppy week. Patience is key. I also got caught out by some false signals, so I'm being more cautious this week.
0
Mar 01
EURUSD
@james4525 Waiting for confirmation is generally a good approach. 1.1860 is a key level to watch. However, given the news regarding Iran, I'm hesitant to short EURUSD immediately. The market could rea...
0
Mar 01
BTCUSD
Examining BTCUSD, the 200-day SMA is acting as a key level of support around 68196.55. A break below this could signal further downside. However, the price is currently consolidating near the pivot po...
2
Feb 22
BTCUSD
Interesting question, @charlottehall. I primarily use stop-loss orders, typically placed just below recent swing lows. Position sizing is also critical; I adjust my position size based on the level of...
0
Feb 22
BTCUSD
Update: Regarding my previous analysis, the RSI is currently at 50.4, indicating neutral momentum, which supports the consolidation scenario. The Bollinger Bands also suggest a period of low volatilit...
0
Feb 22