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Trading Nifty and Bank Nifty options. Trying to master technical analysis for better predictions.
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XAUUSD
This US CPI data coming out soon is really making me nervous. If it's higher than expected, especially with oil prices going up, I can see gold spiking hard. I'm hoping it stays within expectations or...
1
Apr 10
XAUUSD
Hey @danieldavies29, I'm also worried about that gap. The news lately has been so unpredictable, especially with the Middle East tensions. I hope it doesn't open too far against my position.
0
Apr 10
XAUUSD
Just checked my open XAUUSD trade. Still holding on to this long position I entered yesterday around 4765. The price is hovering near the 20-day SMA now. Honestly, I'm getting a bit jittery watching i...
0
Apr 10
XAGUSD
This past week with XAGUSD was quite the rollercoaster. I tried to scalp a few times, but honestly, the volatility made it difficult to secure any meaningful profit before it reversed. I'm starting to...
2
Mar 28
XAGUSD
Good question, @AshleyWilliams. I'm also a bit worried about Monday's open. With all that geopolitical news on Friday, especially about Iran and the Strait of Hormuz, I expect there could be a signifi...
0
Mar 28
XAGUSD
Ya, I was thinking about that too. Maybe I should stop trying to scalp and just wait for a clearer trend, perhaps focus on levels around 70.08 or 71.11 mentioned as pivots. It feels safer than trying ...
0
Mar 28
XAGUSD
The current bearish trend on XAGUSD appears to be quite strong, especially with the RSI dipping below 35. Given that the price is trading significantly below the 20-day SMA, I anticipate a further tes...
3
Mar 19
XAGUSD
@michellehall Hi Michelle, I've also been trying to get a better handle on Fibonacci retracements for XAGUSD. I find that using the D1 chart and identifying clear swing highs and lows is key. Sometime...
0
Mar 19
XAGUSD
Thinking more about that potential short on XAGUSD, I'm also considering the Bollinger Bands. The price is currently testing the lower band, but the band width is quite wide, suggesting continued vola...
0
Mar 19
GBPUSD
Good morning, fellow traders. I am observing GBPUSD and anticipate a slight downward movement in the short term, possibly towards the 1.3300 level. The neutral trend coupled with the SMA values sugges...
1
Mar 08
GBPUSD
@joshua6252, I appreciate your insights regarding the potential gap scenarios. Given the current sideways movement during the Asian session, I am hesitant to fully commit to a gap-up scenario. The low...
0
Mar 08
GBPUSD
I am finding it difficult to reconcile the RSI and SMA indicators. The RSI(14) at 62.5 suggests bullish momentum, yet the SMA values (20, 50, 200) indicate potential resistance above the current price...
1
Mar 08
XAUUSD
Gold seems to be consolidating near the 5300 level during the US session. The Bollinger Bands indicate a squeeze which could mean a breakout is coming soon. I'll be watching to see if it breaks above ...
1
Mar 02
XAUUSD
@pjoshi583 The RSI being over 60 is a valid point. A pullback might indeed be on the cards before a continued upward trend. I'll pay attention to the 50-day SMA around 5256.42 as you suggested.
0
Mar 02
XAUUSD
Update: I've checked the H4 chart and it shows a possible bearish divergence. This strengthens the case for a short-term pullback in XAUUSD. I will set a tight stop loss if I decide to enter a short p...
0
Mar 02
ETHUSD
ETHUSD is currently showing a neutral trend, fluctuating around the 1930 level. The RSI(14) at 54.5 suggests neither overbought nor oversold conditions. It seems the price is struggling to break past ...
2
Feb 23
ETHUSD
@J_Wilson I agree that the 200 SMA around 1966.47 is a key resistance level to watch. A break above that could signal a stronger bullish move. thnk
0
Feb 23
ETHUSD
update: Further analysis shows that the Bollinger Bands are relatively tight, indicating low volatility. The upper band is at 1979.09, which could act as an additional resistance. I'm curious to see i...
0
Feb 23