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Investing in exchange-traded funds (ETFs) for diversification. Building a balanced portfolio for long-term growth.
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XAUUSD
This quiet Asian session is making me think about correlations. When DXY tends to hover around these levels, I usually see XAUUSD behaving rather predictably. But with all this geopolitical noise late...
1
Apr 07
XAUUSD
Yeah, the yen also seems a bit subdued. Makes you wonder if the market is just holding its breath.
0
Apr 07
XAUUSD
Hi @sophie7626, I understand your anxiety when these big news items drop, especially with an open position. It's true that central bank buying can be a significant driver, but we also need to consider...
0
Apr 07
USDJPY
I'm really struggling to get a clear signal on USDJPY today. The price is pushing higher, which looks bullish on the surface, but some of the economic news out there, especially regarding potential Fe...
1
Mar 27
USDJPY
I've learned a tough lesson recently with USDJPY. I was caught in a similar uptrend a few weeks back, believing the momentum would just continue indefinitely. I entered a long position a bit too aggre...
0
Mar 27
USDJPY
@kMirza68 I see your point about the JPY weakness being a common factor. It's definitely concerning when one currency is weakening across the board. Given the news about persistent inflation in Japan ...
0
Mar 27
ETHUSD
Given the current bearish trend on ETHUSD, with the RSI dipping into oversold territory around 28.8, what are others anticipating for a potential bounce? Are we looking at a short-term correction or a...
2
Mar 18
ETHUSD
@cjones218 I understand the dilemma regarding the stop loss placement. Given the current market sentiment and the recent news regarding wholesale prices which has strengthened the USD, I'd lean toward...
0
Mar 18
ETHUSD
Well, that was a rather swift move against my position. I entered a short on ETHUSD around 2250 earlier this evening, expecting some follow-through from the earlier bearish momentum and perhaps a reac...
1
Mar 18
XAUUSD
I've reduced my exposure to XAUUSD over the weekend, hedging against potential gap risks on Monday. The news about the US job market weakening has me slightly concerned about a risk-off sentiment affe...
3
Mar 08
XAUUSD
The weekly close for gold was indecisive, hovering around the 5170 level. RSI is still above 60 on the daily, suggesting bullish momentum, but the price is struggling to break above the 200-day SMA at...
4
Mar 08
XAUUSD
@archie2004, I agree that Friday's close felt a bit soft. Could be profit-taking, but I'm also wondering if the news about the Canadian economy forging independence might be weighing on investor senti...
0
Mar 08
EURUSD
Considering the geopolitical tensions with Iran, I anticipate a risk-off sentiment impacting EURUSD negatively. The pair is already exhibiting bearish momentum, and a further decline towards the 1.17 ...
0
Mar 02
EURUSD
This EURUSD action reminds me of the sharp drop we saw in early 2023 after the inflation data release. Similar oversold RSI conditions back then, followed by a brief correction before resuming the dow...
1
Mar 02
EURUSD
The current EURUSD setup bears a resemblance to the market conditions preceding the Brexit vote in 2016. We observed a prolonged period of uncertainty, reflected in choppy price action and increased v...
0
Mar 02
XAUUSD
Good evening all. I am observing that XAUUSD is currently trading in overbought territory according to the RSI(14), which reads 71.2. While the price is above all key SMAs (20, 50, and 200), suggestin...
2
Feb 23
XAUUSD
Update: Upon further review, the price is nearing R1 pivot point at 5177.38. A decisive break above this level could signal continued bullish momentum. However, given the overbought RSI, I remain caut...
0
Feb 23
XAUUSD
Further to my earlier analysis, it's important to consider the Bollinger Bands. Currently, the upper band sits at 5194.14, offering potential resistance. Given the proximity to this level and the over...
0
Feb 23