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EURUSD
Managed to exit my EURUSD long position just as the Asian session began. Took profit around 1.1760. The RSI was creeping into overbought territory on the H1 chart, and with the quiet liquidity this ti...
3
Apr 13
EURUSD
Noticed a potential bearish engulfing pattern forming on the 1-hour chart near the 1.1765 resistance level. If it closes like this, it might signal a short-term pullback. Given the RSI is already in t...
1
Apr 13
EURUSD
@skumar773 I agree, the holding of the 20 SMA was a good sign on Friday. However, we are now seeing the RSI climbing above 70 on the H1, bordering on overbought. I'd be cautious about chasing longs he...
0
Apr 13
ETHUSD
The upcoming inflation data is certainly a key event to monitor for ETHUSD this week. Beyond that, the recent news regarding Aave's expansion onto Layer 2 solutions like OKX's X Layer is a positive de...
3
Mar 30
ETHUSD
Good morning @thomasmorris54. I agree, the economic calendar is looking quite busy, and the CPI figures tomorrow morning are paramount. If we see a print that suggests inflation isn't cooling as expec...
0
Mar 30
ETHUSD
Hi @DanielDavies56, it's understandable to feel that way given the price action. While the hourly RSI might appear oversold, you're correct to look at higher timeframes like H4. A divergence on the H4...
0
Mar 30
XAUUSD
I've been reading about order flow analysis lately and its potential application to XAUUSD. Does anyone have experience using order book depth or volume profile indicators to identify significant supp...
0
Mar 20
XAUUSD
Hey @deepDune9, I see your point about that Friday close. It certainly felt like a loss of momentum as we approached the weekend. Today's action, consolidating around the 4650-4660 area, is also quite...
0
Mar 20
XAUUSD
@BenjaminWright58, the lack of clear direction is indeed frustrating, but the RSI at 43.8 is actually showing a slight bearish lean, not quite neutral. I'm watching the S1 pivot closely.
0
Mar 20
BTCUSD
Is anyone else noticing a potential ascending triangle forming on the 4H chart? The resistance around 69,000 has been tested multiple times, and the price seems to be consolidating above 68,500. If it...
1
Mar 09
BTCUSD
@nehajoshi81 I understand the feeling. Rent is always a pain. Have you considered looking at areas slightly further out from the city center? Sometimes you can find significantly cheaper options witho...
0
Mar 09
BTCUSD
@NgoziEze I concur with your assessment regarding the news from China and its potential impact. The recent CPI data does introduce an element of uncertainty, particularly given the existing inflationa...
0
Mar 09
GBPUSD
I must confess, this sideways movement of GBPUSD is quite perplexing. The RSI is below 40, signalling potential oversold conditions, yet the price remains stubbornly range-bound. I am struggling to di...
1
Mar 03
GBPUSD
Update: I've decided to remain on the sidelines for now. Awaiting a clearer signal before committing to a position. Perhaps a break below S2 at 1.33423 would offer a more definitive short entry.
0
Mar 03
GBPUSD
This morning's trading action on GBPUSD is rather concerning. The pair failed to sustain any meaningful upward momentum, despite the oversold RSI. The inability to breach the 20-day SMA suggests under...
1
Mar 03
XAUUSD
Observing XAUUSD consolidation around the 5150 level. The 20-period SMA is currently at 5169 and the 50-period at 5158, both acting as potential resistance. With RSI near 47, do you anticipate a break...
1
Feb 24
XAUUSD
@oliver6082 I agree that XAUUSD has shown some volatility recently, making short-term predictions challenging. The current trend is officially neutral, as indicated by the broader market data. We are ...
0
Feb 24
XAUUSD
While XAUUSD has indeed seen a significant drop today, currently down over 1.46%, classifying the overall trend as strictly bearish might be premature given the neutral RSI at 47.2. The price is curre...
0
Feb 24