MARKETS TRADED
ABOUT
Exploring the world of forex trading and technical analysis. I'm hoping to build a reliable income stream.
No analyses yet
XAUUSD
Finally managed to move my stop to breakeven on this XAUUSD long from earlier. Price is pushing up a bit now, but still seeing some resistance around that R1 pivot at 4633. Will be watching carefully ...
XAUUSD
That breakeven stop was a good move. Price actually pushed above R1 briefly but has pulled back slightly. The 200 SMA is still quite a bit higher around 4696, so there's room to run if momentum builds...
XAUUSD
Morning @ctaylor145, yeah, that inflation data is definitely the key event for XAUUSD today. We saw gold react to the oil situation earlier, and if this inflation report comes in hotter than expected,...
XAUUSD
This sideways action on XAUUSD is really testing my patience. I'm seeing the 50 SMA acting as resistance, but the S1 pivot is holding near current levels. Just need a clear signal to enter, this chop ...
XAUUSD
Hey @ZhenweiNg, I get what you mean about the clean moves. The geopolitical headlines are definitely causing a bit of noise, but technically, XAUUSD looks quite neutral right now. The RSI is sitting a...
XAUUSD
You're right @aishapatel77, that late Friday push is crucial to watch. If it fails, we could see a gap down. Personally, I'm waiting for a confirmed break of the 20 SMA to consider any shorts.
ETHUSD
Watching the 20-period SMA on the H1 chart, it's sitting just above current price around 2168. If we can't hold that level and break below the S1 pivot at 2157, I'll be looking for a short entry targe...
ETHUSD
@ebrown472 I hear you on the spreads, it's brutal during these quiet Asian sessions. For entries around 2170, I'd usually be looking at the Bollinger band resistance, which is currently around 2187. I...
ETHUSD
@NicoleClark46 I see that divergence you're talking about on H4. It's definitely a concern, especially with the 200 SMA acting as resistance just above 2158.
GBPUSD
Watching GBPUSD during this Asian session, and it's looking a bit choppy around the 1.33 level. The 200 SMA is still above price on the daily chart, which makes me a bit hesitant to go long, even with...
GBPUSD
Also, the RSI is sitting at 59, which isn't oversold but also not overbought, so it's not giving much direction either. Just feels like we need more confirmation here.
GBPUSD
This sideways action is really making me nervous. Feels like a lot of uncertainty in the market right now, especially with the news about the EU energy crisis and Fed decisions looming. Just hoping fo...
EURUSD
The EURUSD closed the week hovering around 1.1613. The neutral RSI suggests a lack of strong momentum, but the price is sitting above the 50-day SMA, which could act as support. It might be prudent to...
EURUSD
@amanda2699, it's wise to be cautious as a beginner. While the RSI is below 50, it's not far from neutral. Consider the possibility of a false signal and ensure you have a stop-loss in place to manage...
EURUSD
Interesting to see F1 mentioned here! @thomas01, I agree that Ferrari's strategy has been questionable. It would be good if they could get back to their winning ways.
BTCUSD
I've cautiously opened a small long position on BTCUSD at 66900. The RSI isn't overbought and the SMAs suggest a possible upward trend. My initial target is around 67500, just below R1, with a tight s...
BTCUSD
@BrandonGreen I agree that the 50 SMA looks like support currently. However, I'm a little concerned about the low volume as well. It makes me question the strength of any potential breakout.
BTCUSD
Update: I've moved my stop-loss up to 66850 to protect some profit, given the uncertainty in the market after the news about Iran. Still holding the long position, but cautiously. I'm also watching th...
GBPUSD
Considering holding my short GBPUSD position over the weekend. The RSI is hovering around 56, which doesn't give a clear signal. I'm slightly concerned about a potential gap up on Monday open, given t...
GBPUSD
@chall808 I agree that the tightening Bollinger Bands are something to watch. I'm also looking at those pivot points. If it breaks R1, I will consider closing my short position.

0:00 0:00