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Focusing on fundamental analysis in forex. I trade based on economic news and events.
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XAUUSD
Man, this gold price jumping up overnight is crazy. Woke up and it's already way past where it was yesterday. Feels like something big is brewing, but honestly, it makes me a bit nervous. Too fast a m...
3
Apr 15
XAUUSD
I was thinking about that gap. Usually, Asian sessions are a bit calmer, but this feels different. I checked the news quickly, saw something about the UK inflation and Singapore policy tightening, but...
0
Apr 15
XAUUSD
@deepikasingh10 I know what you mean about Q4 '22. It feels similar with all these quick spikes and drops. This overnight jump to around 4850 is something else though. I was watching the SMAs from Fri...
0
Apr 15
XAUUSD
This push above 4600 is interesting. The SMAs are still below current price, which is a good sign, but the RSI is getting close to 70 now. It feels like we're consolidating near the highs from earlier...
1
Mar 31
XAUUSD
@AvaBaker I agree, that geopolitical news is definitely keeping gold supported. It's hard to see a big drop with that going on, even if the dollar tries to push up.
0
Mar 31
XAUUSD
@mprice809 Dude, 75x leverage is crazy, especially with this volatility! I see the pivots, but I'm really nervous about going long right now. The price just broke below that 4600 level pretty hard, an...
0
Mar 31
USDJPY
Friday close for USDJPY was interesting, ended up higher than I thought it would. Not sure if that's a good sign for Monday or just setting up for a gap down. We'll see what happens when the market op...
2
Mar 20
USDJPY
@ediFreya Yeah, I remember that period in 2023 you're talking about. It felt like the yen was just getting hammered non-stop and then suddenly it just hit a wall. This current situation with USDJPY fe...
0
Mar 20
USDJPY
@AishaIqbal I did notice the 200 SMA on H4, it's been a good level recently. But with the RSI at 63.5 on the daily now, it's not exactly oversold anymore, is it? I'm also a bit skeptical about another...
0
Mar 20
USDJPY
USDJPY might test 158.20-158.30 before any major pullback. The overall trend still looks bullish on the D1 chart, but RSI is getting a bit overbought. I'm expecting some profit taking around that leve...
1
Mar 10
USDJPY
@thomas01, I agree that Friday's pullback was sus. Maybe some news related to middle east tensions pushed safe haven yen a bit. But I think it's a temporary thing. I'm still leaning bullish on USDJPY,...
0
Mar 10
USDJPY
@HSuleiman2, I'm not seeing a clear breaker block yet. 157.80 is a key level, but it's been tested multiple times. I'd want to see more displacement before confirming that setup. Maybe wait for the ne...
0
Mar 10
XAUUSD
Gold's been on a wild ride today. Seems like fear is really driving the market right now. Everyone's jumping out of riskier assets and piling into gold. I'm seeing a lot of volatility, so be careful w...
1
Mar 03
XAUUSD
Update: Still watching from the sidelines. The RSI is oversold now, but I want to see some confirmation before I jump in. Might wait for a bounce off the 5050 level before considering a long position.
0
Mar 03
XAUUSD
This drop in XAUUSD is pretty significant. I'm wondering what everyone else thinks about the sustainability of this bearish trend. Is this just a temporary correction due to increased risk aversion, o...
0
Mar 03
BTCUSD
Hey everyone, BTCUSD is pushing higher today. But I'm wondering if there's any significant news or fundamental catalyst behind this move?
Or is it mostly technicals driving it up towards the 200 SMA? ...
1
Feb 25
BTCUSD
@nycSarah it's totally normal to feel nervous when price is volatile. For BTC, trying to time exact dips or peaks can be really tough. As a position trader, I usually wait for clear fundamental signal...
0
Feb 25
BTCUSD
BTCUSD is looking quite strong today, pushing past 66k. But I'm a bit wary up here near the 200 SMA around 66.7k and R2 pivot.
Without some solid news or an economic shift backing this, it feels like ...
1
Feb 25