Posts de SolidECN - Page 15

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 20, 2022 at 16:03

ADA/USDThe growth before the launch of the SundaeSwap exchange turned out to be temporaryCurrent trendUnlike most of the leading cryptocurrencies, ADA quotes showed upward trading dynamics and only after reaching eight-week highs around 1.6345 began to adjust downwards. Experts associate the strengthening of the token's position with the creation of the Pavia application on the Cardano blockchain, as well as with the launch of the SundaeSwap (DEX) platform.Thus, Pavia's "metaverse" has already attracted 8.3K participants, but even more investor interest is directed to the dec...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 20, 2022 at 13:20

AUD/USD: wave analysisThe probability of the pair reduction remains.On the daily chart, the development of the first wave of the higher level (1) of C has completed and a downward correction as wave (2) of C continues to be formed. At the moment, wave A of (2) has formed and wave B of (2) is developing, in which wave b of B is being formed. If the assumption is correct, after the completion of wave B of (2) the pair will continue to decline to the levels of 0.6742–0.6446. The level of 0.7616 is critical and stop-loss for this scenario.

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 20, 2022 at 07:13

Key ReleasesUnited States of AmericaThe US currency is weakening today against its main competitors – the yen, the pound and the euro.The published December data of the American labor market turned out to be positive: the number of construction permits issued increased from 1.717M to 1.873M, and the number of new homes whose construction has just begun increased from 1.678M to 1.702M. Today, the head of the White House, Joe Biden, is due to speak at a press conference on the occasion of the anniversary of his inauguration. He will inform citizens about his new legislative initiatives, a...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 19, 2022 at 16:28

GBP/USDPolitical uncertainty weighs on the poundCurrent trendThis week, the GBP/USD pair corrected down to 1.3570, but today it is trying to restore lost positions. In general, the British currency is influenced by a number of opposite factors.The December data on inflation in the United Kingdom published today confirmed its further growth: the consumer price index rose from 5.1% to 5.4%, reaching its highest since 1992. The negative dynamics due to the increase in the cost of energy carriers should prompt the Bank of England to raise the interest rate again in early February, which, in turn, ...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 19, 2022 at 14:36

XRP/USD Technical AnalysisCurrent trendThe XRP/USD pair continues to trade within the long-term descending channel.Last week, the token price attempted to rise to the level of 0.7812 (Murray [0/8]), supported by the middle line of Bollinger Bands, but could not break above it and resumed the decline. Currently, the quotes are trying to gain a foothold below 0.7500 (Fibo retracement of 61.8%) in order to continue the downward trend to the area of 0.5860 (Murray [-2/8]) and 0.5110 (the area of the lows of July last year).The 0.7812 level remains key for the "bulls". Its breakout will g...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 19, 2022 at 10:33

USD/JPYThe US dollar corrects after a failed upside attemptCurrent trendThe US dollar is developing mixed dynamics in Asian trading, consolidating near 114.50. The day before, the American currency made another attempt to grow and even renewed local highs from January 12, but it failed to consolidate on new positions, and USD/JPY ended the trading session near zero.The pressure on the quotes of the instrument was exerted by not the most confident macroeconomic data from the US, while the yen took a lead from the decision of the Bank of Japan and moderately weak statistics on Industrial Product...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 19, 2022 at 08:07

Gold is consolidating at $1800Current trendGold prices are consolidating near the psychological support at $1800, developing a weak downtrend since the end of last trading week. Demand for the precious metal is moderately declining as investor activity recovers. Traders ignore the difficult epidemiological situation in the world and focus on the prospects for further tightening of monetary policy by leading financial regulators. First of all, one should expect a rate increase from the US Federal Reserve and the Bank of England, while the European Central Bank is in no hurry to take active step...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 18, 2022 at 14:08

Crude Oil, Market Analysis in 1 MinuteCurrent trendDuring the Asian session, Brent Crude Oil prices are actively growing, testing the level of 87.00 for a breakout and renewing record highs since October 2018.The quotes are moderately supported by the weakening of investors' fears that the rapid spread of the Omicron strain will negatively affect the pace of national economic recovery from the consequences of the coronavirus pandemic. In the meantime, indicators continue to stabilize, and the leading central banks are ready to continue the tightening monetary policy cycle. However, some sk...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 18, 2022 at 10:39

ETH/USDSingapore government rhetoric reinforces the "bearish" trendCurrent trendThe ETH/USD pair started the current week with a decline within the general market trend.Medium-term pressure on the sector is exerted by investors' expectation of a tightening of the monetary policy of the US Federal Reserve. The completion of the emergency program of bond purchases and the first increase in interest rates may occur as early as March, leading to further strengthening of the US currency. An additional negative factor for ETH could be the tightening of regulation of the cryptocurrency...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 18, 2022 at 07:45

AUD/USD: Australian currency develops a "bearish" momentumCurrent trendThe Australian dollar shows an active decline against the US currency during the Asian session, developing the corrective momentum of last Friday and testing the level of 0.7200 for a breakdown.The US dollar is again in demand on the market amid expectations of an increase in interest rates by the US Fed. In addition, traders are somewhat concerned about the rapid increase in the dynamics of the incidence of coronavirus, which threatens the recovery of the global economy.Support and resistanceBollinger Bands in D1...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 17, 2022 at 16:10

Tesla Inc, General ReviewCurrent trendThe stocks of Tesla Inc., the world's leading manufacturer of electric cars, continue the global correction, trading at 1049.00.Due to a large amount of incoming information, the instrument's volatility remains high. Yesterday, the corporation announced that the production of the long-awaited new Cybertruck was postponed again, and its start is postponed to Q1 2023. It was previously planned to start work in the second half of 2022, but the delay is caused by the desire of the developers to make changes to the features and functionality of the tru...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 17, 2022 at 14:59

S&P 500: the beginning of the reporting season has disappointed investorsCurrent trendDue to a not very positive start to corporate reporting, the leading index of the US economy, S&P 500, corrects downwards, trading around 4655.0.Among the index's major components, financial conglomerate JPMorgan Chase & Co. was one of the first to publish its data, showing a quarterly income of $29.26B, which was below $29.65B a quarter earlier and $29.78B predicted by analysts. Despite the poor earnings performance, earnings per share were $3.33, well above the $3.01 expected. Bad news came...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 17, 2022 at 14:03

USD/JPY: US dollar wins back its lossesCurrent trendThe US dollar shows strong growth against the Japanese yen in Asian trading, quickly retreating from local lows, updated at the end of the last trading week. On Friday, the US currency updated its lows from December 20, 2021, dropping just below 113.50. Nevertheless, the instrument failed to consolidate at new levels, and already on the same day the US dollar won back most of its losses.It is also worth noting that on Friday a large block of macroeconomic statistics was released in the US, which turned out to be quite weak, but did not cause ...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 17, 2022 at 10:30

Netflix Inc, Elliot Wave AnalysisThe price may fall.On the daily chart, the third wave of the higher level (3) developed, and a downward correction started to develop as the fourth wave (4). Now, the wave and of (4) is forming, within which the third wave of the lower level iii of A has formed, and a local correction is developing as the wave iv of A. If the assumption is correct, after the end of the correction, the price will fall to the levels of 465.32–411.70. In this scenario, critical stop loss level is 620.94.

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 17, 2022 at 08:56

USD/CHF, the US currency is recoveringCurrent trendThe US dollar shows strong growth against the Swiss franc during the Asian session, building on the "bullish" momentum that was formed at the end of last week, when the pair consolidated near the local lows of November 2, 2021. At the moment, the development of the uptrend is mainly supported by technical factors, while the block of data from the US released on January 14 turned out to be frankly weak.In particular, investors were disappointed by the sharp drop in Retail Sales in December by 1.9% after rising by 0.2% in November. The...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 17, 2022 at 07:41

GBP/USD, the pound retreated from its local highs for a short timeCurrent trendThe British pound traded with rising dynamics against the US currency during the morning session, recovering from the "bearish" correction last Friday. The end of the last trading week was marked by an active rise in the US dollar exchange rate, and there were practically no fundamental reasons for this.In turn, the macroeconomic statistics from the UK, which appeared last Friday, provided additional support to the pound. UK GDP rose 0.9% in November after rising 0.2% in October. Analysts expected an incre...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 17, 2022 at 06:50

XAG/USD: wave analysisThe pair may grow.On the daily chart, the first wave of the higher level (1) of 3 formed, a downward correction developed as the wave (2) of 3, and the development of the third wave (3) of 3 started. Now, the first wave of the lower level i of 1 of (3) has formed, a local correction has developed as the wave ii of 1, and the formation of the wave iii of 1 has started, within which the development of the wave (iii) of iii has started. If the assumption is correct, the price will grow to the levels of 26.76–28.68. In this scenario, critical stop loss level is 21.91.

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 14, 2022 at 16:28

Mastercard Inc, general reviewCurrent trendThe stocks of Mastercard Inc. trades near the 5-month high, strengthening since the beginning of the week. Since the December 52-week low, the issuer rose more than 1.43%, while the S&P 500 index added 0.56% over the same period.The company announced the appointment to the Board of Directors of Harit Talwar as an independent director from April 2022. According to the past quarter results, The Wall Street experts forecast the corporation's revenue growth by 24.4% YoY to $5.12B with an increase in earnings per share by 33.5% YoY to $2.19. Master...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 14, 2022 at 15:47

Don't eat McDonald but Trade it!General Review by Solid ECNCurrent trendThe stocks of McDonald's Corp., the world's largest food retailer, are correcting at $261 a share.Some details of the company's upcoming deal with Mastercard Inc. on the sale of the startup Dynamic Yield. Mastercard Inc. became interested in the application in the fall, but the contract details were made public only now. It is expected that despite the sale of the application, the companies will continue to cooperate in its use, and the preliminary price will be about $300M. The full closing of the transact...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Jan 14, 2022 at 12:43

USD/CHF, Fibonacci analysis by Solid ECN SecuritiesUSD/CHF, D1On the daily chart, the price reached 0.9260 (retracement of 61.8%), but then sharply corrected down and is now trying to gain a foothold below the level of 0.9110 (retracement of 0.0%). If successful, the decline will continue to the area of 0.9020 (expansion of 100.0%). In case of a breakout of 0.9166 (retracement of 23.6%, the middle line of the Bollinger Bands), the price will be able to return to 0.9230 (retracement of 50.0%) or 0.9260 (retracement of 61.8%). Technical indicators point out a continuation of the decline: the B...

EURUSD	1.0777	GBPUSD	1.25254	AUDUSD	0.66153
USDJPY	155.692	USDCAD	1.36396	USDCHF	0.9066