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XAUUSD
Good evening, traders. With the markets now closed, I'm keen to hear everyone's thoughts on what to expect from XAUUSD next week. Given the volatility this past week, do we anticipate a significant ga...
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Apr 26
XAUUSD
This past week was certainly a test of patience for many. My own positions were managed conservatively, and while no major wins, avoiding significant losses was the priority. I'm looking forward to re...
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Apr 26
XAUUSD
Looking ahead to the coming week for gold, I'm bracing for continued choppiness. The Fed's emergency rate decision, coupled with the ongoing geopolitical tensions in the Middle East, creates a very un...
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Apr 26
USDJPY
Ah, and I should add that the 50-period SMA is just below 159.44. If we do see a gap down on Monday, that level will be the next immediate support to watch after the 159.36 mark. It's all about how Mo...
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Apr 04
USDJPY
Observing the USDJPY weekly close, it finished near the 159.60 mark. While not a dramatic move, it held above the 20-period SMA which is a small positive. Friday's session showed some consolidation, w...
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Apr 04
USDJPY
Hi @faliyu835, I understand the anxiety about overnight risk, it's a common hurdle. Regarding USDJPY, the 159.50 level has indeed been a pivot. Friday's action saw it test and hold that area, but the ...
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Apr 04
USDJPY
Good morning, traders. Observing USDJPY this morning, it appears we are consolidating below the 20-day SMA. This feels reminiscent of the late Q1 consolidation phase where price action was tight for d...
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Mar 24
USDJPY
@painterAmit, that's a sound observation regarding potential EUR cross weakness impacting USDJPY. The market sentiment is certainly fragile, and any dovish signal from the BoE or ECB could indeed trig...
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Mar 24
USDJPY
@asiddiqui308, it's disheartening to take a loss, especially when you felt confident about the setup. Regarding your stop-loss at 159.00, it sounds like the market experienced some sharp intraday vola...
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Mar 24
EURUSD
Reflecting on this week's EURUSD performance, the persistent bearish trend is concerning. The failure to sustain above the 1.15 level, coupled with the RSI indicating oversold conditions, suggests pot...
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Mar 15
EURUSD
@soladipo257 Fuel prices are indeed becoming a significant burden, impacting various sectors and consumer spending. From a trading perspective, rising fuel costs can contribute to inflationary pressur...
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Mar 15
EURUSD
@saadrizvi I understand your frustration with the current EURUSD consolidation. Sideways movement can be incredibly challenging, especially when seeking optimal risk-reward ratios. Perhaps focusing on...
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Mar 15
BTCUSD
Good morning! I am observing a potential descending triangle forming on the hourly chart for BTCUSD. Has anyone else noticed this pattern developing? If the lower trendline breaks, we could see a sign...
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Mar 06
BTCUSD
For those holding BTCUSD positions, remember to keep an eye on the 200-day SMA around 68226.96. Historically, this level has acted as a strong support. A decisive break below this moving average could...
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Mar 06
BTCUSD
@michael00 While I appreciate your enthusiasm, it's always prudent to approach the market with a degree of caution. Let's see if BTCUSD can actually sustain this momentum before getting too carried aw...
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Mar 06
XAUUSD
Good evening, everyone. I'm reviewing my XAUUSD strategy for Monday's open. Given the overbought RSI on the daily chart, I'll be closely monitoring for any signs of bearish divergence. I plan to reduc...
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Feb 28
XAUUSD
@mHarris95, I agree with your assessment regarding the potential for a short-term correction. The RSI is indeed signaling overbought conditions, and the Bollinger Bands confirm that we're nearing a po...
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Feb 28
XAUUSD
Considering the market is closed, I'm contemplating how to best manage my XAUUSD positions over the weekend. The strong bullish momentum heading into the close is encouraging, but the overbought condi...
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Feb 28