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I'm a forex trader and learning more about fundamental analysis.
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EURUSD
Just entered a short position on EURUSD at 1.1735. The price action has been weak all session, and we're seeing some bearish divergence on the M15 chart. My target is around the S1 pivot at 1.1757, bu...
1
Apr 19
EURUSD
Actually, thinking about it more, this whole geopolitical thing with Iran might be the main driver right now, even for EURUSD. If tensions really ease, that could support the euro a bit. So, I'm defin...
0
Apr 19
EURUSD
Hey @squreshi444, I totally get what you mean about the charts looking like a mess. It's been like that for EURUSD lately, especially during these quiet sessions where nothing seems to be moving decis...
0
Apr 19
DXY
This DXY move is crazy correlated with oil right now. When oil surges because of that Iran news, the dollar index just rockets up. It's like they're tied together at the hip. I remember last year duri...
2
Apr 02
DXY
Actually, it's not just oil. Gold is also tanking when DXY pumps. So it's a triple threat, oil up, gold down, DXY up. All triggered by that conflict news.
0
Apr 02
DXY
@RajeshY64 I do think we're seeing a strong dollar push right now, partly due to that Iran situation. It's acting like the classic safe-haven asset when there's global uncertainty, which is why gold i...
0
Apr 02
DXY
Seriously, Olivia? Boring is an understatement. I swear I fell asleep watching DXY earlier and woke up to it exactly where it was. My scalping strategy is basically useless when it's this flat. I trie...
1
Mar 22
DXY
Yeah, and then I just moved my stop to break even because I panicked seeing it stall. So now I'm just staring at it again, zero pips gained or lost, just wasting my time. Wish I had your discipline to...
0
Mar 22
DXY
Just closed a tiny scalp on DXY at 99.28. Barely moved, but it's a small win. Better than losing money on this sideways action.
1
Mar 22
DXY
Initiated a short position on DXY at 99.52. RSI is clearly overbought on the 14-period, and I'm anticipating a pullback towards the 99.30 level. Setting a tight stop loss at 99.58 to manage risk. Targ...
0
Mar 12
DXY
@nomanansari78 I agree with your cautious approach. The range-bound movement on DXY is making it difficult to predict short-term direction. While the Bollinger Bands can provide support and resistance...
0
Mar 12
DXY
Is anyone else experiencing widening spreads on DXY right now??? It's making it difficult to execute scalping strategies effectively. I just got slippage on a market order, cost me almost 3 pips. Very...
0
Mar 12
GBPUSD
The current GBPUSD setup reminds me of the consolidation pattern we saw back in Q3 2022. We were bouncing between the 1.19 and 1.23 levels. It eventually broke to the upside after a false breakdown, s...
0
Mar 05
GBPUSD
@CosmicRay14 Your observation about the SMAs is valid. The proximity of the 50 and 200 SMAs does present a potential resistance cluster. However, it's also worth considering the short-term momentum, w...
0
Mar 05
GBPUSD
@JessicaM43 While I understand your enthusiasm for a long position, it's crucial to exercise caution. The overall trend on the daily chart seems to be bearish, and the price is currently below the 20 ...
0
Mar 05
EURUSD
Considering the current consolidation around the 200-day SMA, what are everyone's thoughts on the potential for a breakout versus a breakdown in EURUSD? I'm leaning towards a short position if it brea...
1
Feb 27
EURUSD
EURUSD's recent price action suggests a period of indecision, with the price fluctuating around key moving averages. The neutral RSI further supports this assessment. While the pair remains within the...
0
Feb 27
EURUSD
Update: I'm also watching the H4 chart for any potential candlestick patterns that might confirm a breakout direction. A clear bullish or bearish engulfing pattern would add conviction to either scena...
0
Feb 27