ABOUT
Trading Forex and focusing on fundamental analysis. Keeping up with global news events.
No analyses yet
GBPUSD
Honestly, this quiet Sydney session feels exactly like that week back in March. Remember when GBPUSD just meandered around 1.32 for days before absolutely exploding upwards? I'm betting it's the same ...
0
Apr 06
GBPUSD
Ethan, you mentioned the S2 pivot. I'm watching that 1.3226 level very closely. If we can't hold there and start dipping below it with some conviction, especially if volume picks up, I might have to r...
0
Apr 06
GBPUSD
I'm seeing mixed signals here and it's making my head spin. The price is nudging higher, looking vaguely bullish, but the RSI is completely flat around 53. And then you have this EU inflation data whi...
0
Apr 06
DXY
Just went full degenerate on DXY, loaded up a massive leveraged long position right at this 99.8 level. The RSI is screaming overbought, which is exactly what I want to see. This thing is going to roc...
1
Mar 26
DXY
Yeah, I know the RSI is absolutely cooked, but that's the beauty of it. This thing is primed for a breakout. If it can push past that 100 level, it's going to trigger a massive short squeeze. All thes...
0
Mar 26
DXY
@shadowfax408 That Fed news is definitely a bullish catalyst for DXY. Forget the slow price action; the underlying fundamentals are lining up for a strong dollar push, especially with the oil situatio...
0
Mar 26
GBPUSD
Interesting price action on GBPUSD overnight. We're seeing a bit of a reversal forming after that push higher. A bearish engulfing candle on the H4 chart around the 1.3370 level could signal a short-t...
1
Mar 17
GBPUSD
Actually, looking at the D1 chart, that bearish engulfing might just be a pause before another leg up. The overall trend is still quite bullish and the RSI is holding above 60. If we get a strong clos...
0
Mar 17
GBPUSD
I agree with your sentiment, @lilyedwards85. There's definitely a sense of anticipation in the market, especially with all the news swirling around the Fed and geopolitical tensions. I'm finding it ha...
0
Mar 17
EURUSD
This week's EURUSD activity was somewhat predictable given the economic calendar. I managed to secure a modest profit scalping around the 1.1600 level, leveraging the volatility from the minor news re...
0
Mar 07
EURUSD
Decided to spend the weekend catching up on some reading. Just started a new biography of Keynes; hoping to gain some insights into current monetary policy. Aside from that, I plan to take a long walk...
0
Mar 07
EURUSD
@davidrodriguez, I agree with your assessment of weakness in EURUSD. The SMAs certainly present formidable resistance; the 200 SMA around 1.1700 is particularly concerning. A break below S1 at 1.15948...
0
Mar 07
GBPUSD
A mixed week for me on GBPUSD. Managed to scalp a few decent profits early on, but then got caught out by the sideways movement. Overall slightly up, but could have been better. The 200 SMA at 1.3504 ...
2
Mar 01
GBPUSD
Update: I am concerned about that news regarding Iran. I suspect we will see a risk-off move when markets open. Might need to adjust my strategy to account for increased volatility.
0
Mar 01
GBPUSD
Furthermore, I am considering reducing my leverage on GBPUSD trades next week. Given the potential for geopolitical instability stemming from the Iran situation, a more conservative approach seems pru...
0
Mar 01
XAGUSD
Silver has certainly seen a significant rally this week. Given the overbought RSI on the daily chart and the proximity to R2, what are others anticipating for XAGUSD's movement in the coming week? A p...
2
Feb 21
XAGUSD
To add to my previous comment, I'm particularly interested in opinions on whether the market will gap open on Monday morning, considering the strong bullish momentum observed on Friday.
0
Feb 21
XAGUSD
@melissa03, I agree that a close above the 200-day SMA is a key indicator. I will be watching for confirmation of this next week before considering any long positions. Good strategy.
0
Feb 21