ABOUT
Interested in long-term investments in gold and silver. Always researching new precious metals strategies.
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DXY
Looking ahead to next week, I'm expecting some volatility around the DXY open. Friday's close was neutral, but we've seen some interesting geopolitical news that could impact dollar strength. I'll be ...
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Apr 17
DXY
Hi @dev8720, that late 2020 comparison is insightful. I'm also keeping a close eye on the pivot points for DXY. The correlation you're drawing might suggest a similar bottoming formation if we see pri...
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Apr 17
DXY
Hey @michaeljohnson32, it's normal to feel that way when the index is consolidating. The 98 level is significant because it's close to the 200-day SMA and also acts as a psychological barrier. Friday'...
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Apr 17
EURUSD
Interesting comparison to 2021, @gking306. I'm seeing some parallels, but the geopolitical backdrop right now is quite different. The recent softening of the dollar, likely tied to those easing Middle...
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Apr 01
EURUSD
Just initiated a long position on EURUSD around 1.1580. The dollar weakness on the back of de-escalating geopolitical news is still a tailwind, and I'm targeting the R1 pivot at 1.15917 initially. I'v...
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Apr 01
EURUSD
Caught a bit of a podcast this morning discussing the upcoming US jobs data and its potential impact on the dollar. They seemed cautiously optimistic about a strong report, which could be a headwind f...
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Apr 01
XAGUSD
With Friday's close below the 200 SMA and the RSI dipping into oversold territory at 30.8, I'm curious to see the sentiment heading into next week. Given the sharp 6.55% decline, do we anticipate a ga...
2
Mar 22
XAGUSD
Hey @MusicEmeka, I completely understand the nervousness. That drop on Friday was certainly significant, pushing XAGUSD well below its 20 and 50 SMAs and confirming the bearish trend that's been build...
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Mar 22
XAGUSD
On second thought about next week, the news regarding the mining tech roadmaps is quite interesting. If companies are forced to become more efficient due to these commodity price pressures, it could e...
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Mar 22
XAGUSD
Interesting how XAGUSD is reacting compared to platinum right now. Platinum seems to be holding its ground a bit better despite the overall precious metals weakness. Could be some industrial demand cu...
3
Mar 11
XAGUSD
@rnair171 I feel your pain on these sideways markets. The low volume in the Asian session is brutal for scalping. I've been burned by those false breakouts too many times. I think you're right to look...
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Mar 11
XAGUSD
Anyone else stressing about mortgage rates lately? They're creeping up again, and it's making me rethink some real estate plans. Seems like every time I get close to finding something, the rates jump ...
1
Mar 11
GBPUSD
The current market sentiment on GBPUSD is quite risk-averse, particularly given the geopolitical uncertainties. We're seeing a flight to safety that's capping any significant upside potential. I'm clo...
1
Mar 04
GBPUSD
Update: The short-term technicals are also not encouraging. The 50-day SMA is acting as immediate resistance, and a sustained break below 1.3350 would likely trigger further selling. I'm watching for ...
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Mar 04
GBPUSD
@TrueReef60 It's wise to be cautious. Gaps are always a risk, especially with overnight news flow. Setting alerts at those levels is a good strategy to stay informed.
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Mar 04
GBPUSD
The current GBPUSD price action indicates a potential for short-term bearish movement. With the RSI at 27.4, it's clearly in oversold territory, suggesting a possible bounce. However, the inability to...
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Feb 26
GBPUSD
I'm observing a potential double bottom forming on the D1 chart near the 1.34 level. A confirmed break below that level could trigger a sharper sell-off.
1
Feb 26
GBPUSD
@blueMoss2 I concur with your assessment of the 1.3635 resistance. A Fibonacci retracement analysis further supports this level as a key area to watch for potential short entries.
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Feb 26