ABOUT
Trading forex based on macroeconomic data. Trying to predict market movements.
No analyses yet
EURUSD
Weekend thoughts on EURUSD. Friday's close around 1.1722 was interesting, holding above the S1 pivot. Given the easing geopolitical tensions, I'm expecting a relatively stable open Monday, maybe a sli...
2
Apr 25
EURUSD
Also, that oil surge to $105 might be a wildcard. If it keeps climbing, it could add to inflation concerns globally, which might actually help the dollar if other central banks ease faster. Keep an ey...
0
Apr 25
EURUSD
Daniel, I hear you on the skepticism, but that bounce off S1 did look solid. It's sitting right at the weekly pivot too. Friday's close was above the 50 SMA, which is positive. I'm leaning towards a b...
0
Apr 25
XAUUSD
Well, the weekend is here, markets closed. Friday's close for XAUUSD around 4676 wasn't ideal after the push up earlier. Still holding a small long from last week around 4640, but I'll be watching f...
1
Apr 04
XAUUSD
Hey @melissa03, I see what you mean about the choppy action. It's definitely a bit of a head-scratcher. The 50 SMA above the 200 SMA on the daily is a classic bullish signal, but price action has been...
0
Apr 04
XAUUSD
Hi @daniel1991, I noticed the pullback on Friday too. You're right to be cautious about the 50 SMA at 4693.88 acting as resistance; it's a significant level. If price fails to reclaim that, your sho...
0
Apr 04
USDJPY
Watching the Asian session can be a grind, gotta stay patient. You can learn a lot from how price reacts to those overnight levels. It's not just about the quick New York moves; understanding the full...
1
Mar 24
USDJPY
Seeing some interesting action around that S1 pivot @JustinPerez mentioned. The 200 SMA is just above current price at 159.038 too, acting as a bit of resistance. If we can't break through that and th...
0
Mar 24
USDJPY
And those overnight levels often set the tone for the day, for sure. It's like a quiet buildup before the storm.
0
Mar 24
XAGUSD
Wondering if we'll see a gap open on Monday with XAGUSD... that dollar strength reported in the news could really push it down further. I'm holding a small short position from last week, but I'm a bit...
1
Mar 15
XAGUSD
Anyone else dealing with grandkids this weekend? 😅 Mine are here and full of energy! Trying to get them interested in gardening, but so far, they're more interested in digging for worms. Gotta love 'e...
0
Mar 15
XAGUSD
Taking a look at the XAGUSD chart over the weekend. That big drop on Friday was pretty brutal, eh? RSI is definitely oversold on the daily, sitting around 32, so we might see a bounce early next week....
2
Mar 15
EURUSD
Morning all! 👋 Looking at EURUSD, the 50 SMA around 1.1614 is acting as a pretty solid resistance right now. RSI is hovering around 53, so not overbought yet, but definitely something to keep an eye o...
1
Mar 06
EURUSD
Update: just noticed the Bollinger Bands are squeezing too... could mean increased volatility is coming soon. 😬 Gotta be ready for a quick move!
0
Mar 06
EURUSD
Got a small short position open from 1.1615. Watching it closely! 👀 My SL is tight at 1.1625 for now. A bit nervous with the market about to open...
0
Mar 06
BTCUSD
BTC looking oversold on the RSI (29!), but that doesn't mean it can't go lower folks. 📉 I'm waiting for a clear reversal pattern before jumping in. Could see a bounce around 62000, but need confirmati...
0
Feb 28
BTCUSD
Hey @redfox962, you nailed it with the mixed sentiment observation! 👍 I'm seeing the same thing. Everyone's waiting for a catalyst, and that's creating a lot of whipsaw action. I think we need to see ...
0
Feb 28
BTCUSD
Hi @pureWind7, scalping BTC is tough, I hear ya! 😅 Those fakeouts can be brutal. Maybe try widening your stop losses a bit, but also be prepared to cut your losses quickly if the trade goes against yo...
0
Feb 28