SolidECN's Beiträge - Seite 9

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 23, 2022 at 10:25

Market update by SolidECNUSDCADAmerican currency took the lead in the pairDue to ongoing mass protests by Canadian truckers opposing anti-coronavirus measures, the USDCAD pair shows local sideways dynamics and is around 1.2747.Canadian Prime Minister Justin Trudeau announced that a state of emergency had been introduced in the Canadian capital of Ottawa to contain protests against sanitary measures that have been going on for almost three weeks and stabilize the situation in the country as a whole until at least mid-March. It means that supply disruptions could seriously slow down a strong eco...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 23, 2022 at 09:08

By SolidECNInvestors increase positions in goldGold quotes continue to be traded at increased volumes and are kept in the area of annual highs, at the second most important psychological level of $1900. The positive dynamics is facilitated by the acceleration of inflation rates in the world and increased geopolitical risks, since the news background regarding the crisis on the borders of Ukraine again occupies a significant place on the current agenda. In the context of global price pressure and the imminent increase in rates by central banks, investors are buying the precious metal as a defen...

Elliot Wave Analysis by SolidECN in Erfahrene Trader Feb 23, 2022 at 08:13

JPMorgan Chase & Co.The price is in a correction, a fall is possible.On the daily chart, the third wave of the higher level 3 developed, within which the wave (5) of 3 formed, and a downward correction started to develop as the wave 4. Now, the wave (А) of 4 is forming, within which a local correction has ended as the wave 4 of (A), and the fifth wave 5 of (A) is developing. If the assumption is correct, the price will fall to the levels of 118.00–101.00. In this scenario, critical stop loss level is 158.88.

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 23, 2022 at 08:12

Market update by SolidECNGBPUSD is in a state of uncertaintyYesterday, the GBPUSD pair corrected downwards and tested the level of 1.3550.GBP is under pressure as investors fear the imposition of mutual economic sanctions and interruptions in the supply of energy to European countries after the leadership of the Russian Federation recognized the independence of the Donetsk and Lugansk People's Republics. At the moment, the market has stabilized, as the sanctions against the Russian economy were moderate. The US implied a ban on trade and investment in business on the territory of the new r...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 23, 2022 at 06:58

Market update by SolidECNCrude Oil, the uptrend is possiblePrices for "black gold" continue to grow rapidly against the backdrop of the geopolitical situation in Eastern Europe. The day before, Brent Crude Oil quotes rose above 96.50, but by the end of the session corrected to 93.75.In general, the situation on the market remains tense. Investors fear interruptions in the supply of Russian oil and gas to the market in the event of active hostilities on the borders with Ukraine, which is intensified due to the actions of the German authorities, who suspended the certification of the N...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 23, 2022 at 06:58

Thank you @skihav, we are glad that you found our content interesting.

Elliot Wave Analysis by SolidECN in Erfahrene Trader Feb 23, 2022 at 06:36

AUDUSD Elliot Wave analysisThe pair may fall.On the daily chart, the first wave of the higher level (1) of C developed, and a downward correction forms as the wave (2) of C, within which the wave C of (2) develops. Now, the third wave of the lower level iii of C is forming, within which the wave (ii) of iii has developed, and the formation of the wave (iii) of iii has started. If the assumption is correct, the pair will fall to the levels of 0.6742–0.6446. In this scenario, critical stop loss level is 0.7306.

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 22, 2022 at 15:49

Market update by SolidecnAUDUSD, Australian economy received a new impetus to growthAmid the stabilization of the US currency, the AUDUSD pair is correcting within an uptrend, trading around 0.72.Yesterday, the Australian authorities announced opening borders for citizens and tourists staying in the country. Now people with a vaccination certificate have the opportunity to visit the country. It was a major step in the revival of the tourism sector, which is losing almost 3B US dollars annually and has declined for more than two years since the start of the coronavirus pandemic. Also, the "...

Crypto Analytics by Solid ECN in Krypto Feb 22, 2022 at 14:50

Crude Oil shows strong growth by Solid ECNDuring the Asian session, WTI Crude Oil prices show a downward trend, consolidating near $93 per barrel. The current decline of the instrument is due to technical factors, while the fundamental picture is generally quite optimistic and provides additional support to quotes.Quotes are supported by the fact that the dynamics of oil supply growth continue to lag behind aggregate demand against the backdrop of a rather conservative position of OPEC+. The cartel refuses to accelerate production growth, preferring to act according to a previously defined pla...

Crypto Analytics by Solid ECN in Krypto Feb 22, 2022 at 11:27

Market update by SolidecnS&P 500, component reporting forecasts pull the index downThe S&P 500 index is correcting down amid a significant decline in the bond market, trading at around 4288. 10-year US Treasuries shed 3.48%, falling from 1.927% to 1.863%, while 20-year conservative bonds fell 2.76%, from 2.268% to 2.246%.Support and resistanceIndex quotes are traded in a local downtrend, which might become a global one. Technical indicators are still in the state of an active sell signal: the range of EMA fluctuations on the Alligator indicator is expanding towards the decline,...

Crypto Analytics by Solid ECN in Krypto Feb 22, 2022 at 10:39

Crypto market update by SolidecnETHUSDGeopolitical tensions are a catalyst for price declineThis week, the ETHUSD pair continued to decline and is currently close to the 2500 mark. The cryptocurrency market as a whole is suffering losses amid the aggravation of the geopolitical situation around Ukraine.Digital asset prices have gone down following the stock market, with which they have been actively correlating recently. This fact casts doubt on the claims of a number of experts about the possibility of using cryptocurrencies as "safe haven assets". Currently, investors prefer to go ...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 22, 2022 at 08:48

USDCAD market update by SolidecnThe US dollar is holding at local highsDuring the Asian session, the USDCAD pair shows flat trading dynamics, consolidating near local highs of February 15. Investor activity remains subdued as US markets were closed on Monday for President's Day. At the same time, the news background was quite rich in various publications, and the focus of the market was the aggravation of the geopolitical situation in Eastern Europe. The optimistic sentiments of the traders were leveled after the official Kremlin stated that a meeting of the Russian and US presidents on th...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 22, 2022 at 07:25

Market update by Solid ECN SecuritiesNasdaq 100, correction in the bond market puts pressure on the index.At the moment, the Nasdaq 100 quotes are showing a downtrend against the background of the ongoing correction in the bond market, trading at around 14000.The day before, analysts at JPMorgan Chase & Co. in their 2022 forecasts, announced a projected possible 10% drop in revenue for the financial markets division in Q1. According to the company, the geopolitical pressure on financial markets is now so great that the risks far exceed the possible income.The downward correction in the...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 21, 2022 at 15:19

Market update by Solid ECN SecuritiesNasdaq 100, correction in the bond market puts pressure on the index.At the moment, the Nasdaq 100 quotes are showing a downtrend against the background of the ongoing correction in the bond market, trading at around 14000.The day before, analysts at JPMorgan Chase & Co. in their 2022 forecasts, announced a projected possible 10% drop in revenue for the financial markets division in Q1. According to the company, the geopolitical pressure on financial markets is now so great that the risks far exceed the possible income.The downward correction in the...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 21, 2022 at 10:25

Market update by Solid ECN SecuritiesNZDUSD, an upward correction in the asset is intensifyingThe NZD/USD pair corrects within an uptrend, trading near the level of 0.6717.Today it became known that the renewed version of the free trade agreement with China will finally enter into force on April 7, 2022. Also to the main points, the new document pays great attention to the regulation in e-commerce and environmental protection. This Wednesday, the Reserve Bank of New Zealand will hold its regular meeting on monetary policy, and until this date, serious fluctuations in the national currency are ...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 21, 2022 at 09:10

Market update by Solid ECN SecuritiesUSDCHF, the US dollar remains under pressureThe US dollar shows a moderate decline against the Swiss franc during the Asian session, again testing 0.92 for a breakdown. USDCHF is close to its local lows of February 3, updated last Thursday.American markets are closed today on the occasion of the President's Day, but investors are still taking a lead from moderately optimistic signals from last Friday. Statistics from the US pointed to an increase in Existing Home Sales. Meanwhile, statistics from Switzerland are somewhat more restrained. At the end of l...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 18, 2022 at 11:05

Solid ECN Market AnalysisUSDCHF, waiting for a fundamental growth driverThis week, the USDCHF pair falls to the level of 0.92 against the backdrop of the publication of the minutes of the US Federal Reserve's Open Market Committee, which generally reflected the "dovish" rhetoric.Regulatory officials agreed that it would be appropriate to lift monetary easing faster than expected if inflation does not ease, but meeting minutes did not reinforce investor expectations for a 50 basis point rate hike at the upcoming March meeting. Also, the global outflow of capital into shelter asset...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 18, 2022 at 08:32

GBPUSD, UK economy shows stabilityDue to the strengthening of the British currency, the GBPUSD pair is trading in an uptrend around 1.3608.The recent report on consumer prices contributes to the positive dynamics of the pound. In January, the indicator fell by 0.1% MoM, which significantly slowed down the growth of the annual value, which as a result rose slightly to 5.5% from 5.4% a month earlier. These data indicate that the measures taken by the Bank of England at the end of last autumn are having the desired effect, and the UK is perhaps the only one of the world's leading economies th...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 18, 2022 at 07:19

NZDUSD market update by Solid ECN Securities 🙄New Zealand currency develops "bullish" momentumThe New Zealand dollar shows a moderate growth in pairing with the US currency in trading in Asia, testing 0.67 for a breakout. NZDUSD has been developing a "bullish" momentum since February 15 and is currently preparing to renew local highs from February 10.The instrument was supported yesterday by rather weak data from the US on the dynamics of jobless claims. The number of Initial Jobless Claims for the week ended February 11 increased by 23K to 248K, while the market ex...

Technical & Fundamental Analysis by Sold ECN Securities in Erfahrene Trader Feb 17, 2022 at 15:20

WTI Crude Oil market update by Solid ECN SecuritiesPending nuclear deal decisionThe North American WTI Crude Oil price corrects within a sideways trend, trading around the level of 90.5.While investors are monitoring the situation around political tensions on the borders of Eastern Europe, new drivers that can determine the movement of energy prices have appeared on the market. Yesterday, Iran's chief negotiator Ali Bagheri Kani said that dialogue with Western countries on the "nuclear deal" is close to completion. The process will probably end in a few days after some "poli...

EURUSD	1.13186	GBPUSD	1.33197	AUDUSD	0.63891
USDJPY	144.634	USDCAD	1.37991	USDCHF	0.82847

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