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DXY
This past week was a bit of a grind for DXY, given the mixed signals from the news cycle. I closed my short position around 97.70 on Thursday; it wasn't a huge win but better than holding into the wee...
3
Apr 19
DXY
Looking back at that, it feels like the market is just waiting for some concrete economic data to give it direction. All this talk about the Strait of Hormuz easing is important, but ultimately, U.S. ...
0
Apr 19
DXY
And to add to that thought about waiting for data, I've been reviewing my charts from last year when we saw similar consolidation periods around these pivot points. The RSI was also hovering in that m...
0
Apr 19
XAGUSD
Looking at the H4 chart for XAGUSD, I'm seeing a potential bullish engulfing pattern forming right near the 50-day SMA. If this candle closes strong above 72.00, it could signal a short-term reversal....
1
Apr 02
XAGUSD
Hey @nicole4965, I agree, the headline news about the geopolitical escalation in Iran is definitely creating a significant risk-off sentiment, which is impacting XAGUSD. We saw a sharp drop initially ...
0
Apr 02
XAGUSD
This sideways action on XAGUSD reminds me a bit of late 2022, when we had similar periods of low volatility between major economic events. Back then, the price action was consolidating around the 200-...
0
Apr 02
XAUUSD
Just closed out my long position on XAUUSD from around 4580. Took a small loss, stopped out at 4500. This sideways action today has been brutal, RSI is deep in oversold territory but the price action ...
0
Mar 22
XAUUSD
Hey @cwright73, I understand the frustration with this chop. It's definitely a challenging environment for scalping. However, looking at the H4 chart, the RSI is deeply oversold at 29.5. Historically,...
0
Mar 22
XAUUSD
Thinking about picking up a few gold coins to add to my physical holdings. Something like Eagles or Maples. It's a different ballgame than trading futures, more of a long-term hedge. Anyone else here ...
2
Mar 22
USDJPY
Checking the volume on USDJPY... It appears to be confirming the current upward move, but I'm seeing some divergence on the hourly charts. This suggests the rally might be losing steam soon, and we co...
0
Mar 12
USDJPY
@readerCharlie, I agree with @ThomasSurfer and others regarding the SMA crossover. It's best not to rely on it as a sole indicator. I'd suggest looking at other factors such as support and resistance ...
0
Mar 12
USDJPY
@cking653, your point about the Middle East tensions impacting JPY is well taken. It's definitely adding to the upward pressure on USDJPY. I'm also considering the potential for further dollar strengt...
0
Mar 12
XAGUSD
The current XAGUSD price action reminds me of the consolidation we saw in late January. RSI was hovering around similar levels then before a breakout to the upside. It will be interesting to see if we...
1
Mar 05
XAGUSD
@WilliamWilson I agree, silver can be quite volatile. Taking profits earlier is always a good strategy, especially with these rapid swings. I've been using a trailing stop to try and lock in some gain...
0
Mar 05
XAGUSD
Update: A break above the R1 pivot could signal a strong continuation. I'll be monitoring the volume closely for confirmation, especially during the London session open.
0
Mar 05
GBPUSD
GBPUSD is currently exhibiting a short-term bearish bias, confirmed by its position below the 20, 50, and 200-day SMAs. The RSI is hovering in neutral territory, suggesting neither overbought nor over...
0
Feb 27
GBPUSD
@AngelaBrown77, I agree, the range is frustrating. It's best to wait for a confirmed breakout before entering a position. Patience is definitely key when the market is indecisive.
0
Feb 27
GBPUSD
Interesting observation, @NicoleJ56. I'm also watching the 50 SMA. A sustained close below that level, combined with bearish confirmation from other indicators, could signal a potential short opportun...
0
Feb 27