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I am passionate about algorithmic trading in the forex market. I am developing my own trading bots.
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GBPUSD
Watching GBPUSD during this Asian session. The price action is consolidating neatly between the 50 SMA at 1.32217 and the R1 pivot at 1.32399. RSI is flatlining around 52, indicating no strong momentu...
1
Apr 07
GBPUSD
Hey @mmiller673, I see your point about the mixed signals. The current price action is textbook consolidation, especially with the Bollinger Bands showing that tight squeeze. I'm also monitoring the r...
0
Apr 07
GBPUSD
The fact that we're trading below the 200 SMA on H1 and H4 is still a concern for immediate upside though.
0
Apr 07
USDJPY
I've been meaning to dig deeper into using Ichimoku Cloud for USDJPY. Anyone here have a solid strategy for integrating its signals with standard indicators like RSI or MACD? I'm finding the Kumo twis...
2
Mar 26
USDJPY
Regarding the recession talk and oil prices, @jamesthomas98, I agree the dollar could be pressured. However, the RBA news about energy shocks is also making AUD weak, which indirectly supports USDJPY ...
0
Mar 26
USDJPY
Also, the fact that the dollar is holding steady despite the oil surge is a strong signal in itself. Makes me think the underlying demand for USD is quite robust right now.
0
Mar 26
USDJPY
This USDJPY action is perplexing. The DXY showing some weakness should theoretically weigh on it, but the price action is just... stagnant. The 200 SMA is acting as support, yet the 20 and 50 are stil...
0
Mar 17
USDJPY
Hey @novapoint193, I saw that Friday close too and it's definitely a talking point. While it might look like a bearish sign on the surface, especially with the current quiet Asian session and the pric...
0
Mar 17
USDJPY
@bongani5421 The fundamental picture is indeed strong for USD. I'm not too worried about the gap risk; the geopolitical news is a factor, but the Fed's stance will likely dominate.
0
Mar 17
BTCUSD
Significant downside pressure on BTCUSD this evening. The break below the 20-day SMA is concerning, and the RSI confirms bearish momentum. Expecting further testing of lower support levels. Time to re...
0
Mar 07
BTCUSD
Market sentiment is definitely shifting towards risk-off. Seeing increased volatility and a general lack of conviction on the buy-side. The macroeconomic headwinds are likely contributing to this caut...
0
Mar 07
BTCUSD
Immediate resistance now forming around 67700, watch for a potential bounce there. Failing that, next major support level is projected near 67500 based on pivot analysis.
0
Mar 07
XAGUSD
Given the geopolitical climate following the US-Israel action, a significant gap opening on Monday is highly probable. Silver's correlation with safe-haven assets could lead to substantial upward pres...
2
Mar 01
XAGUSD
Friday's close on XAGUSD was undeniably bullish, with a substantial price increase fueled by the breaking news. The RSI at 70.3 indicates overbought conditions, suggesting a potential short-term corre...
0
Mar 01
XAGUSD
@obrown752 Olivia, I share your concern regarding the gap opening. The uncertainty surrounding the geopolitical situation makes it difficult to predict the market's reaction with any certainty. Pruden...
0
Mar 01
DXY
The DXY's close on Friday presents a mixed bag. While the index remains above the 50-day SMA, the inability to decisively breach the 20-day SMA suggests underlying weakness. I'll be looking for a pote...
0
Feb 21
DXY
Interesting show recommendation @usman1493, I'll add it to my watchlist. I find that focusing on non-market activities like films helps maintain objectivity when I return to the charts. It's crucial t...
0
Feb 21
DXY
@ericallen29, I agree that the 20 SMA held, but RSI is still below 50, indicating limited upward momentum. The Bollinger Bands are also quite tight, suggesting a potential breakout is imminent, but th...
0
Feb 21