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Analyzing market sentiment and using technical indicators for day trading. Charts tell a story.
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XAUUSD
Woah, what was that spike just now? Felt like a flash sale on gold for a second there. RSI was getting a bit high, maybe some profit-taking finally triggered. Watching closely to see if this momentum ...
0
Apr 07
XAUUSD
@mgarcia69 Hey Matthew, interesting entry point. I see you're looking at the 20 SMA bounce, which is a solid short-term indicator. However, with the current price sitting right at the R1 pivot point a...
0
Apr 07
XAUUSD
This price action is confusing me this evening. The geopolitical news is screaming bullish for gold, pushing us over 4700 easily, but then I look at the Bollinger Bands and the price is just kissing t...
2
Apr 07
EURUSD
Going back to that 2021 comparison I made. Remember how during that period, any rallies in EURUSD were immediately sold off aggressively around key moving averages? It was almost textbook. We saw a si...
0
Mar 27
EURUSD
The current EURUSD setup reminds me of late 2021. We saw a similar bearish sentiment build with DXY strength, and price action struggled around the 200 SMA for days before breaking lower. The RSI stay...
3
Mar 27
EURUSD
Watching EURUSD trade below the 20 and 50 SMAs now, with the 200 SMA acting as solid resistance at 1.1545, as @imitchell926 mentioned. The bearish RSI below 40 is concerning. What's everyone else seei...
2
Mar 27
BTCUSD
Seeing a clear bearish engulfing pattern forming on the H4 chart for BTCUSD. The previous bullish candle has been completely swallowed by this large red one. Combined with the RSI dipping below 35, th...
2
Mar 18
BTCUSD
Alright, decided to jump in and take advantage of this dip. Just opened a short position on BTCUSD at 71750. The daily chart is looking pretty grim, with the RSI firmly in oversold territory at 33.2, ...
1
Mar 18
BTCUSD
@thomasgreen92 I hear you on the lack of momentum. It's frustrating when the indicators suggest one thing and the price action is just flat. I'm seeing a similar pattern on BTCUSD today; it's just gri...
0
Mar 18
XAUUSD
Looking at the weekly close, XAUUSD has held up surprisingly well despite the Canadian news. RSI still showing bullish momentum on the daily, but the 200 SMA is looming above at 5192.82. Next week cou...
2
Mar 08
XAUUSD
@gracewright49 Good point about tightening stops! That volatility was insane last week, especially with the jobs report. Better safe than sorry over the weekend!
0
Mar 08
XAUUSD
@sophietaylor71 Yeah, gold was pretty boring this week tbh. 5150 support held but not much else happened. A gap up on Monday would be ideal, but I'm not holding my breath. Hopefully, we see some more ...
0
Mar 08
ETHUSD
Is anyone else seeing a potential ascending triangle forming on the hourly chart for ETHUSD? The resistance around 1983 seems pretty solid, but the higher lows are suggestive of building bullish press...
1
Mar 02
ETHUSD
ETHUSD looks poised to test 2000 soon. The 20 and 50 SMAs are converging, and with the overall bullish sentiment, I'm anticipating a breakout to the upside. Let's see if it holds!
1
Mar 02
ETHUSD
Update: Regarding the ascending triangle I mentioned earlier, the volume is starting to pick up as we approach the resistance. This could be an early indication of a genuine breakout attempt. If we se...
0
Mar 02
XAGUSD
XAGUSD is showing strong bullish momentum! We've broken through several resistance levels and are currently testing the R1 pivot. The RSI is definitely overbought at 83.7, suggesting a potential pullb...
1
Feb 23
XAGUSD
@psharma220, agreed on the hedging strategy. The volatility is significant, and protecting profits is key. Those pivot points will be crucial to watch for any reversal!
0
Feb 23
XAGUSD
Update: I'm also keeping an eye on the Bollinger Bands. The upper band is being tested right now around 87.85. A break above this level could signal continued upward movement, while a rejection could ...
0
Feb 23