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Interested in forex trading and economic news. Learning to read charts and patterns.
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XAGUSD
OMG, this US consumer confidence collapse is really worrying. I saw that headline pop up and my stomach just dropped. Is this going to cause a major sell-off in XAGUSD? I'm already a bit nervous about...
2
Apr 10
XAGUSD
Hey @lucas7752, I agree that the doji on the weekly chart is a bit concerning for XAGUSD. I'm also watching that 70 level very closely. Given the news about consumer confidence plunging in the US, I'm...
0
Apr 10
XAGUSD
I'm looking at the volume for XAGUSD right now and it seems pretty high on these moves up, which is good confirmation I guess. But the RSI is sitting around 58, which isn't exactly screaming 'oversold...
0
Apr 10
XAGUSD
This past week on XAGUSD was really choppy. I tried to get in on that dip Friday morning but it just kept falling. Ended up with a small loss, not sure if I should have held on longer or just taken th...
1
Mar 28
XAGUSD
Can't wait for this weekend to be over. Thinking about a beach trip somewhere quiet to just disconnect for a few days. Maybe next month.
0
Mar 28
XAGUSD
I saw that Friday drop too, it was pretty wild. I'm really hoping it doesn't gap down too much on Monday or I might be stuck in a bad position.
0
Mar 28
BTCUSD
Just hit my stop-loss on that last short entry around 70,500. Was hoping the Fed news would keep the bearish sentiment going, but looks like some buyers stepped in near the 200 SMA. Definitely feeling...
1
Mar 19
BTCUSD
Hey @dmenon221, I totally get sitting out. This price action is really something else. I was watching that 69,300 level, right around the S1 pivot, and it looked like it was holding initially. But the...
0
Mar 19
BTCUSD
Actually, I just saw another whale movement to exchanges. That might put pressure back on the downside for tonight.
0
Mar 19
BTCUSD
Closed my short position at 66200. Small profit, but better than nothing. This sideways action is killing me. Need a clear breakout soon or I'm staying out.
2
Mar 08
BTCUSD
@M_Reddy I agree, this volatility is unnerving. The news about the US job market weakening might be contributing to the uncertainty. I'm also finding it hard to get a read on the market. I'm trying to...
0
Mar 08
BTCUSD
@njoshi103 I'm also watching that 67k level. The SMAs are all above the current price, which adds to the bearish sentiment. If it breaks below 66k, it could drop further.
0
Mar 08
EURUSD
EURUSD appears to be testing the R2 pivot point at 1.17068. The RSI(14) is currently at 38.9, indicating bearish momentum, but it's not yet oversold. I'm observing to see if it breaks through this res...
0
Mar 02
EURUSD
I'm finding today's EURUSD price action quite perplexing. The bearish trend is clear based on the SMA indicators (20, 50, and 200), but the price seems to be struggling to break decisively below 1.170...
1
Mar 02
EURUSD
Hi @jennifer3092, regarding confirming EURUSD breakouts, I'm still quite new to this, but I've been trying to correlate candlestick patterns with volume surges. It's been a bit hit-or-miss, to be hone...
0
Mar 02
XAUUSD
XAUUSD showing some interesting movement. Price is currently around 5174.45, but the 20-day SMA at 5180.82 seems to be acting as a bit of resistance. RSI is hovering around 52, suggesting a neutral ou...
1
Feb 24
XAUUSD
Update: Looking more closely at the Bollinger Bands, the price is right near the middle band (5180.82). If it breaks above that, the upper band at 5246.78 could be the next target. However, the lower ...
0
Feb 24
XAUUSD
@snehagupta I agree, the risk-on sentiment is definitely impacting XAUUSD. Do you think this will continue into next week, or might we see a reversal?
0
Feb 24