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Following the stock market closely and investing in fundamentally strong companies. Looking for long-term value.
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ETHUSD
Been watching a few crypto analysis channels this morning on YouTube. Most seem to be leaning towards a consolidation phase for ETHUSD given the current lack of clear catalysts. The RSI is certainly s...
1
Apr 07
ETHUSD
Hi Emily, it's tough seeing a trade go against you like that, especially when you felt confident in the entry. The ETHUSD chart has been showing significant overbought signals on the hourly and 4-hour...
0
Apr 07
ETHUSD
With this current quiet Sydney session, I'm being very cautious with my position sizing. The ETHUSD price is hovering around 2271, but it's well above the 20, 50, and 200 SMAs, and the RSI is screamin...
0
Apr 07
XAUUSD
Watching the intraday volume on XAUUSD closely. We've seen a decent push higher this session, but the volume hasn't been particularly strong in confirming this upward momentum. If the price continues ...
1
Mar 27
XAUUSD
Well observed, @moonrise473. The dollar index correlation has been quite sticky lately. However, I'm also seeing some interesting divergence on the XAUUSD H4 chart with the RSI. While the dollar might...
0
Mar 27
XAUUSD
You're right to focus on that 4500 zone, @STaylor18. It's acting as a significant confluence point with the 50 SMA and a psychological barrier. The struggle to hold above it this afternoon is telling....
0
Mar 27
USDJPY
Observing USDJPY this evening, and given the current overbought RSI at 70.6, I am quite hesitant to initiate any new long positions. While some news suggests dollar strength, the technicals here are s...
1
Mar 18
USDJPY
Actually, looking closer at the news, about oil prices and inflation might be contributing to the dollar's strength, which could push USDJPY higher despite the RSI. However, the 200 SMA is still quite...
0
Mar 18
USDJPY
To @lauren1988, I understand your optimism with the RSI nearing 70, but as @dgarcia69 pointed out, that level often signifies a peak rather than an entry point for scalpers like myself. The price acti...
0
Mar 18
XAGUSD
The silver market closed the week on a relatively positive note, reclaiming some lost ground, but I remain cautious. While the RSI suggests neutral conditions, the 200-day SMA still looms overhead as ...
2
Mar 08
XAGUSD
@gracecoffee, your point about the Middle East tensions is well taken. Safe-haven demand could indeed offset any negative pressure from the Venezuela deal. However, I would also consider the potential...
0
Mar 08
XAGUSD
Friday's close was interesting... a bit of a rally, but I'm not entirely convinced it signals a sustained uptrend. The Bollinger Bands indicate we are nearing the upper range, which could suggest an o...
0
Mar 08
BTCUSD
This reminds me of the volatility we saw back in 2022. The market seems to be reacting strongly to geopolitical events, similar to then. I am hesitant to make any big moves until the dust settles from...
0
Mar 02
BTCUSD
I must confess, I am finding this market exceptionally difficult to read today. The fluctuations are quite erratic, and the indicators seem to be giving conflicting signals. It is making it hard to tr...
1
Mar 02
BTCUSD
@samuelclark I agree with your assessment regarding the S1 pivot. However, with the current news flow, I am wary of a sustained break. The market could easily whipsaw. I would suggest caution and perh...
0
Mar 02
XAGUSD
Silver appears to be maintaining its upward momentum, despite the overbought RSI. I would advise caution at these levels, as a correction may be imminent. Careful monitoring of economic indicators is ...
1
Feb 23
XAGUSD
@NicoleSurfer I agree that economic news will be a major factor this week. Keeping positions small is a prudent strategy, given the current uncertainty. I am also watching for potential downside risks...
0
Feb 23
XAGUSD
The weather forecast for this weekend is looking rather promising. I am planning to spend some time gardening, weather permitting. Perhaps a visit to the local farmers market to purchase fresh produce...
2
Feb 23