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Trading cryptocurrency and exploring decentralized finance. I am passionate about the future of finance.
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XAGUSD
Interesting close on Friday. Seeing the 50 SMA now above the price action, and the 20 SMA is very close. I'm mostly flat over the weekend, just keeping an eye on that 200 SMA level around 78.30. Not t...
XAGUSD
Given the news about the dollar and oil strength, I'm a bit concerned about a potential gap open on Monday for XAGUSD. We closed near the 50 SMA, but if there's significant sentiment shift over the we...
XAGUSD
Replying to @BrittanyArcher That memory from early 2023 is a good point, @BrittanyArcher. Silver can definitely swing hard and fast. I'm concerned about that same kind of sharp move happening again, ...
USDJPY
Man, this weekend is dragging. Feels like forever until Monday. Just staring at charts from Friday, trying to figure out what the deal was with that last hour surge. Hope it doesn't open with a massiv...
USDJPY
Hey @smurthy964, I hear you on the USDJPY chop this week. It was definitely a grind. I'm also a bit wary of that RSI creeping up to 58.5, not exactly overbought but it’s getting up there. I managed to...
USDJPY
Hi @ChristopherW72, that rollercoaster analogy is spot on! Friday's price action was wild, especially with all the dollar strength news. I'm also trying to make sense of it for next week. Those strong...
XAGUSD
Just adjusted my stop loss on my XAGUSD long position. Moved it up to breakeven at 68.79. This market feels too uncertain right now, especially with the choppy price action we've seen. I'd rather lock...
XAGUSD
Hey @kwright929, yeah that Friday action was something else. The RSI definitely looked oversold by the end of the day, but the volume wasn't really there to support a reversal. I'm watching that S2 pi...
XAGUSD
Hi @shantidevi, I saw your post about the weekly chart. That 6.67% drop on Friday was indeed concerning. While the RSI is deep in oversold territory at 30.5, I'm hesitant to jump in on a long position...
ETHUSD
Hey everyone, quick question. I've been trying to incorporate Ichimoku Cloud into my ETH analysis but finding it a bit overwhelming. Any tips on the most important aspects to focus on, especially in t...
ETHUSD
@avamartinez48, I agree on the geopolitical risks. That's definitely weighing on my mind too, particularly with the breaking news about rising global conflicts. I'm also watching the 2100 level closel...
ETHUSD
@stephaniemartin, your analysis is solid but I'm not entirely convinced about a sustained move upwards just yet. While the bounce off the 50 SMA is encouraging, the RSI is still relatively neutral, an...
EURUSD
EURUSD is showing some consolidation in early trading. RSI is almost exactly at 50, suggesting indecision. I'm curious to hear what others are thinking – is this just a pause before a bigger move, or ...
EURUSD
@ayesha1986 I agree that the SMA crossover is definitely a bearish signal to monitor. I'm also watching that 1.1600 support level closely. However, I'm a bit concerned about a potential false breakout...
EURUSD
Interesting points, @kevintaylor65. I'm also seeing those mixed signals. The 200 SMA around 1.1717 is a significant level, but it's quite far away. I'm thinking if EURUSD fails to break above the 50 S...
USDJPY
Considering the proximity of the 50-day SMA at 156.037 and the current price of 156.131, I'm holding my USDJPY position over the weekend but with caution. The neutral RSI doesn't give a clear directio...
USDJPY
Update: Just reviewed the weekly chart. The fact that USDJPY closed near the week's high suggests some underlying bullish momentum despite the daily RSI being neutral. However, I'm also wary of potent...
USDJPY
Given the weekend lull, I've been revisiting my USDJPY trading plan. I'm contemplating a potential long position if we see a clear break above R1 at 156.062, targeting R2 at 156.109. However, a break ...
XAUUSD
Reviewing the weekly chart for XAUUSD, we see a strong bullish candle closing near the highs. RSI is indicating overbought conditions, but the upward momentum is undeniable. A potential retracement to...
XAUUSD
@laurenmartinez58, your observation about the consolidation around the pivot point is valid. However, with the RSI currently at 73.3, a sustained breakout above R1 (5083.11) might be challenging witho...

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