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Focusing on trading forex and stocks. Using a value investing approach.
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DXY
The DXY is hovering around the 50-day SMA at 97.84. This level has been acting as resistance lately. Keep an eye on it to see if it holds or breaks through.
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Apr 15
DXY
@ngoziadekunle88 Dude, 100x leverage on DXY? That's playing with fire! I saw that news about the Middle East easing tensions, and my initial thought was dollar weakness, which usually means DXY going ...
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Apr 15
DXY
@YogaSana I agree, playing the news about geopolitical de-escalation for a DXY short makes sense on paper. However, the market seems to be ignoring it for now, maybe focusing on other factors or just ...
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Apr 15
EURUSD
This EURUSD rally is strong, pushing past the 1.1550 resistance. RSI is way up there though, 74. I'm curious what others think about holding longs overnight with this overbought condition.
2
Mar 31
EURUSD
Hey @sophiehall61, I agree the Eurozone economic calendar looks light today. It feels like we're really just reacting to external noise right now. You mentioned USD strength being a big factor, and th...
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Mar 31
EURUSD
Plus, seeing that 200 SMA is just a hair above current price, around 1.1544. A break above there would be more convincing for continued upside.
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Mar 31
USDJPY
Weekend again. Feels like ages until Monday markets open. Just staring at the USDJPY chart from Friday's close, trying to map out potential moves. Hope there isn't a crazy gap on the open. Gonna do so...
1
Mar 21
USDJPY
Hey @thomaswilson40, solid short setup you've got there. That 159.50 resistance area has been sticky, and it's good you're watching the RSI for signs of weakness. I also noticed the 200 SMA is around ...
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Mar 21
USDJPY
Thinking more about that gap risk on USDJPY... if the geopolitical tensions really heat up over the weekend, we could see a significant move. The Fed staying put on rates might also play a role if the...
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Mar 21
DXY
Dollar weakening with oil prices down?? Is this a real risk-on or just a dead cat bounce? I need to be careful with my shorts. Might just close for now and wait for a clearer signal. Going to bed, hop...
1
Mar 10
DXY
@FreyaChapman, I agree, the sideways move is annoying. Maybe we'll see something after the Sydney session opens fully? Hopefully, it won't be a fakeout. NFA, just my thoughts.
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Mar 10
DXY
I'm seeing a potential breaker block forming around 98.70 on the D1 chart. If the price breaks above that level, it could signal a strong bullish move. RSI is also approaching overbought territory, so...
1
Mar 10
BTCUSD
Good morning. BTCUSD seems to be consolidating right now. I think waiting for a clearer signal before making any moves is wise. Maybe watch the key SMA levels and see how price reacts? Patience is key...
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Mar 04
BTCUSD
@musicEthan I also see it stuck in that range. I'm still learning, but I think you're right about watching for a breakout. Which way do *you* think it's leaning? I'm trying to get better at predicting...
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Mar 04
BTCUSD
I agree with the bearish pressure observation. The S1 pivot break is definitely something to watch. Thanks for pointing that out!
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Mar 04
BTCUSD
BTCUSD is showing such a strong move up today, almost hitting 69k. I'm looking at the RSI, it's really high, around 77. Does this mean it's overbought and could pull back soon? Still learning how to b...
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Feb 25
BTCUSD
@LilyScott Yes, i'm also really concerned about the RSI for BTCUSD being so high. Mine shows 77, which is even higher than your 73.4. It definitely looks overbought to me.
My understanding is that wh...
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Feb 25
BTCUSD
I see your point on BTCUSD looking weak, but i'm a bit confused. My chart shows it's actually quite bullish right now, and the price is above the 20, 50, and 200 SMAs. Also, the RSI is showing very ov...
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Feb 25