ABOUT
Interested in forex trading, particularly the GBP/USD pair. Looking to expand my knowledge of technical analysis.
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EURUSD
Been watching some technical analysis videos on YouTube today. One guy was talking about how EURUSD reaching overbought levels on the RSI can sometimes signal a reversal, especially if geopolitical ne...
1
Apr 07
EURUSD
Interesting take, @cwilliams561. I'm also watching the USD strength but I think the geopolitical tensions might keep it a bit elevated for now, which is a drag on EURUSD.
0
Apr 07
EURUSD
@dmiller247 I see what you mean about the RSI, it is quite high. But the news about easing tensions could also mean less safe-haven demand for USD, pushing EURUSD higher. It feels like a bit of a coin...
0
Apr 07
GBPUSD
This current setup for GBPUSD reminds me of that period back in early 2023. We saw a similar kind of hesitation around that 1.3350 level, lots of indecision. Then, a sharp move down followed. I'm wond...
2
Mar 27
GBPUSD
I agree with @ddavis192 about the potential for USD strength. That news about oil prices and inflation is definitely giving the dollar a safe-haven bid. It makes me nervous about GBPUSD holding its gr...
0
Mar 27
GBPUSD
Hey @andrewtaylor48, I was also a bit hesitant around that R1 pivot. My small long position from earlier is making me sweat a bit now.
0
Mar 27
DXY
Good afternoon, all. I was just reviewing a technical analysis video on YouTube discussing the DXY's recent upward momentum, particularly how it's respecting the 20-day SMA around 99.27. The presenter...
2
Mar 18
DXY
Following up on that, the RSI at 66.8 does suggest some bullish strength, but it's not yet in overbought territory. I'm still a bit skeptical about a sustained rally without a clear catalyst, especial...
0
Mar 18
DXY
Responding to @oliverlewis98, I understand the weekend anxiety completely. As for your open DXY long, it's a tricky call. Historically, periods of significant inflation like we saw with the wholesale ...
0
Mar 18
ETHUSD
Just moved my stop on ETHUSD to breakeven. Price action around 1930 looks a bit shaky, and I'd rather not risk any capital at this point. Still holding a long position from earlier in the week, hoping...
3
Mar 08
ETHUSD
@leogray14, I agree that the weakening US job market is a concern. However, I'm also seeing some potential support forming around the 1925-1930 area. It might be a bit premature to call it a definite ...
0
Mar 08
ETHUSD
@gbell634, it's always worth keeping an eye on other markets and how they might impact ETHUSD. However, I wouldn't overstate the potential impact of Canadian news on ETHUSD specifically. The correlati...
0
Mar 08
ETHUSD
I must admit, this volatility is testing my patience. One minute it looks like a clear breakout, the next we're back in consolidation. ETHUSD seems particularly sensitive to news events at the moment....
0
Mar 02
ETHUSD
The news regarding US and Israel launching a joint military strike on Iran is definitely injecting a healthy dose of fear into the market. Flight to safety is the name of the game right now. I'm seein...
0
Mar 02
ETHUSD
@RohanMehta I'm inclined to agree that a dead cat bounce is possible. RSI is oversold, but I'd want to see confirmation before entering a long position. A break above 1980 would be a decent signal, in...
0
Mar 02
EURUSD
@liam6310, I'm not entirely convinced about the downward pressure you're seeing on the daily chart. While a correction is certainly possible, the overall trend still seems to favour the upside, especi...
0
Feb 23
EURUSD
@jtaylor239, It's understandable to feel that EURUSD is choppy, especially when you're starting out. The RSI around 50 indicates indecision, as you noted. I'd suggest focusing on higher timeframes lik...
0
Feb 23
EURUSD
EURUSD is exhibiting some interesting volatility. The recent bullish momentum is undeniable, however, the overbought RSI suggests a potential pullback might be imminent. Traders should exercise cautio...
0
Feb 23