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I focus on fundamental analysis when trading forex, understanding the economic drivers. I am trying to understand the big picture.
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XAGUSD
This silver market is just... confusing right now. The news about Iran and the Strait of Hormuz seems like it should be pushing XAGUSD higher, but then you look at some of the technicals, and it's jus...
0
Apr 23
XAGUSD
Hey @kthompson221, I feel you on this. It's always a gamble waiting for the Monday open after big news over the weekend. Personally, I'm not expecting a massive gap up or down. The markets have been t...
0
Apr 23
XAGUSD
Hi @jennifergarcia, thanks for the detailed look at the volume. It's something I'm really trying to get a handle on, especially during these overlapping sessions. You mentioned watching for exhaustion...
0
Apr 23
BTCUSD
You know, this BTC action reminds me a bit of how crude oil has been behaving lately. Both seem stuck, waiting for some major geopolitical event or economic news to shake things up. It's like they're ...
4
Apr 04
BTCUSD
Alright, I'm going to try and catch some sleep but I can't resist. Saw that Nakamoto Holdings selling off $20M in BTC, and it just made me feel like maybe I should too. But then I remembered how many ...
1
Apr 04
BTCUSD
Hey @PixelDrift14, I feel you on that chart mess. It's like trying to navigate in a fog bank. Sometimes you just have to ignore the indicators when they're all giving mixed signals and focus on price ...
0
Apr 04
USDJPY
I'm watching USDJPY closely and I'm seeing what looks like a descending triangle forming on the H4 chart. It's been consolidating in this range for a few days now, with lower highs and a pretty solid ...
0
Mar 24
USDJPY
Just adjusted my SL to breakeven on my USDJPY long. Can't stomach another whipsaw like yesterday.
1
Mar 24
USDJPY
This whole Iran situation is really playing games with the markets. I saw that Sterling jump earlier when Trump seemed to dial back the rhetoric, but now the chatter is that it might not be over. If t...
0
Mar 24
USDJPY
The USDJPY weekly close above 159.7 is definitely something to watch. With the geopolitical tensions escalating, the dollar's safe-haven appeal is likely to keep the pair supported. I'm keeping an eye...
1
Mar 13
USDJPY
@vikramreddy16 That's a smart move, Vikram. Gaps can be brutal, especially with the way things are going with the Middle East. I've been burned before holding positions over the weekend, so I'm mostly...
0
Mar 13
USDJPY
And another thing to consider, the BOJ's stance is still a wildcard. They keep hinting at potential policy shifts, but haven't really committed to anything concrete. If they do intervene, it could tri...
0
Mar 13
BTCUSD
Looking at the current BTCUSD price action, I'm anticipating a short-term retracement towards the 68k level. The RSI, while neutral now, was stretched quite a bit yesterday, and the overnight session ...
2
Mar 06
BTCUSD
Update: Just noticed a bearish divergence forming on the hourly chart between price and MACD. Adds further conviction to the short-term bearish outlook. Will be closely watching how price reacts to th...
0
Mar 06
BTCUSD
One more thing to add: The 200 SMA around 68100 is likely to act as a strong support. I wouldn't expect the retracement to go much further than that unless there's a major negative catalyst.
0
Mar 06
XAGUSD
Alright, taking a look at the weekly close for XAGUSD... that strong bullish move is interesting. The RSI is flashing overbought, definitely something to watch. I'm curious to see if we get a gap up o...
2
Feb 28
XAGUSD
Adding to my earlier thought... that R2 resistance is pretty significant at 93.81, it's also right at the upper Bollinger Band. A break above that level could signal further upside potential, but I'm ...
0
Feb 28
XAGUSD
Just another thought... the commitment of traders report could shed some light on institutional positioning. If large speculators are heavily long, it might suggest a potential for a correction. I als...
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Feb 28