Posts de SolidECN

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 07, 2022 at 10:05

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Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 07, 2022 at 10:05

Gold market update by Solid ECN SecuritiesTrading participants reduce positions in goldThe development of the global sideways range of 1850–1730 in the gold continues, and the quotes are once again holding slightly above the key level of $1,800 per ounce.There are no serious prerequisites for the growth of the asset yet, but there are not so many pressure factors either. The situation may change only in March during the meeting of the US Federal Reserve when the regulator's decision to raise the interest rate will be announced. To this point, traders should focus on the US dollar ind...

Crypto Analytics by Solid ECN dans Crypto Feb 04, 2022 at 14:39

Cryptocurrency Market ReviewThis week, the cryptocurrency market remained calm, with leading assets making minor growth attempts or consolidating. Currently, BTC is trading around 38000.00 (+0.7%), ETH is at 2800.00 (+9.5%), USDT is around 1.0007 (+0.02%), BNB is at 380.00 (+1.7%), and USDC is around 0.9992 (–0.05%). The total market capitalization was $1.756T. The share of BTC decreased to 40.87%. This week, JPMorgan Chase & Co. lowered its fair value estimate for BTC from $150K to $38K, citing the asset's continued high volatility, which hinders its adoption by institutiona...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 04, 2022 at 13:27

AUDUSDAustralian currency shows neutralityThe Australian currency is showing neutral trading dynamics due to ambiguous macroeconomic statistics, being currently around 0.715.On the one hand, the position of the AUDUSD pair was strengthened by the report on building permits, the number of which increased by 8.2%.On the global chart, the price moves within a long downtrend. Technical indicators are in the state of a weakening sell signal: indicator Alligator’s EMA fluctuations range narrows actively, and the AO histogram forms rising bars in the sell zone.Resistance levels: 0.7182, 0.7315....

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 04, 2022 at 11:21

USDCADThe pair is waiting for new driversThe US dollar shows ambiguous dynamics of trading against the Canadian currency during today's Asian session, consolidating near 1.268. Market activity remains rather restrained, as investors are in no hurry to open new positions ahead of the publication of the labor market reports in the US and Canada.Current forecasts for both countries are quite negative, but Canadian data stand out in this regard: among other things, investors expect the Unemployment Rate to rise from 5.9% to 6.2%. Net Change in Employment in Canada in January may decrease by 11...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 04, 2022 at 10:24

USDCADThe pair is waiting for new driversThe US dollar shows ambiguous dynamics of trading against the Canadian currency during today's Asian session, consolidating near 1.268. Market activity remains rather restrained, as investors are in no hurry to open new positions ahead of the publication of the labor market reports in the US and Canada.Current forecasts for both countries are quite negative, but Canadian data stand out in this regard: among other things, investors expect the Unemployment Rate to rise from 5.9% to 6.2%. Net Change in Employment in Canada in January may decrease by 11...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 04, 2022 at 09:07

NZDUSDRising amid strong demand for risky assetsThe macroeconomic statistics from the USA, published on Thursday, were ambiguous. Thus, Initial Jobless Claims for the week of January 28 decreased from 261K to 238K, better than market forecasts of a fall to 245K. Markit Service PMI was also positive, rising from 50.9 to 51.2 points for January, exceeding the neutral forecasts. In turn, ISM Service PMI for the same period fell from 62.3 to 59.9 points, which was slightly better than investors' expectations of 59.5 points. Traders were also disappointed by the volume of industrial orders, whi...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 04, 2022 at 07:20

EURUSDThe euro updates local highsThe day before, the single currency showed its most active growth over the past few months, reacting positively to the results of the meeting of the European Central Bank (ECB) on monetary policy. As expected, the regulator left the interest rate at 0% and the deposit rate was kept at -0.5%. Investors expect the program to end completely by the end of March. However, the ECB intends to reinvest proceeds from redeemable bonds under the PEPP until at least the end of 2024.At the follow-up press conference, ECB President Christine Lagarde also focused on inflatio...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 03, 2022 at 13:45

Meta Platforms IncTrading within the global sideways channelThe stocks of Meta Platforms Inc., which owns the largest social network in the world, move within a corrective trend, trading around $322 per share.Yesterday, the company released its fourth-quarter and full-year 2021 financial results, which met ambiguous reactions from investors. Total revenue for the quarter was $33.671B, up 20% from $28.072B a year earlier.Thus, despite the growth in income indicators, the most important parameters of revenue and EPS were worse than expected, which could lead to a significant drop in the company&...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 03, 2022 at 11:14

EURUSD Technical and fundamentals by Solid ECNThe dynamics of the pair will be determined by the results of the ECB meetingCurrent trendThis week, the European currency has been gaining in value and is currently trading around 1.13.Earlier, positive dynamics was supported by data on inflation in the euro area and employment statistics in the USA, which, according to ADP, decreased by 301K in January instead of the expected growth of 207K (this reduction was the first in more than a year). The pandemic caused by the COVID-19 Omicron strain has put serious pressure on all sectors of the economy,...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 03, 2022 at 08:15

Silver market update by Solid ECNThe metal prices are consolidatingCurrent trendSilver prices show a mixed trend, hovering around 22.50. Market activity remains subdued as traders expect new price drivers to emerge. Today the European Central Bank (ECB) and the Bank of England will release their interest rate meeting minutes. At the moment, the ECB is not expected to make any changes in the vector of monetary policy, but the British regulator is likely to raise interest rates by 25 basis points.Resistance levels: 22.7, 23, 23.37, 23.6.Support levels: 22.4, 22, 21.39, 21.

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 03, 2022 at 07:36

GBPUSD market update by Solid ECNThe market is waiting for the decision of the Bank of EnglandCurrent trendThe British pound is trading with a downtrend against the US currency during the morning session, retreating from the local highs of January 21, updated the day before.Traders are in a hurry to fix their profits before today's publication of the decision of the Bank of England on the interest rate. Analysts' current forecasts suggest that the British regulator may raise the rate by 25 basis points to 0.5%, and the decision can be taken almost unanimously.The UK economy is showing ...

Crypto Analytics by Solid ECN dans Crypto Feb 02, 2022 at 11:48

XRPUSD Market Update by Solid ECNConsolidation in anticipation of new drivers of movementCurrent trendThe XRPUSD pair has been consolidating in the 0.63-0.58 range for the second week and cannot yet start an upward movement, despite a number of positive news for Ripple.Last week, the company's management announced the repurchase of Series C shares in the amount of 200M dollars, released to the market back in December 2019 to attract investment. This increased Ripple's worth to 15B dollars. It should be noted that the head of the company, Brad Garlinghouse, assessed the past year as the...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 02, 2022 at 07:57

EUR/USDThe European currency shows weak growth against the US dollar during the Asian session, developing the corrective momentum formed at the beginning of the week and updating the local highs from January 26. The instrument is moderately supported by the growing interest of investors in risky assets against the backdrop of discussions on the prospects for tightening monetary policy by the US Fed. At the moment, it is not clear whether the US regulator will decide on five or even more interest rate hikes this year, and whether the figure will be adjusted immediately by 50 basis points. The E...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 02, 2022 at 07:41

EURUSDThe euro develops a corrective impetusCurrent trendThe instrument is moderately supported by the growing interest of investors in risky assets against the backdrop of discussions on the prospects for tightening monetary policy by the US Fed. At the moment, it is not clear whether the US regulator will decide on five or even more interest rate hikes this year, and whether the figure will be adjusted immediately by 50 basis points. Bollinger Bands on the daily chart show a steady decline. The price range is narrowing, reflecting the emergence of multidirectional trading dynamics in the sho...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 02, 2022 at 07:00

USDCAD, Elliot Wave AnalysisThe pair may grow.On the daily chart, a downward correction developed as the wave of the higher level 4, and the development of the fifth wave 5 started, within which the wave (1) of 5 forms. Now, the third wave of the lower level 3 of (1) is developing, within which the wave i of 3 has formed, a local correction has ended as the wave ii of 3, and the wave iii of 3 is developing. If the assumption is correct, the pair will grow to the levels of 1.3200–1.3410. In this scenario, critical stop loss level is 1.2446.

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 01, 2022 at 14:27

NZDUSDFixing long positions is a catalyst for price correctionAfter reaching the main selling target in the area of 0.6540, NZDUSD is reversing into a correction with the target of 0.67 against the background of the weakening of the US dollar, which is falling from the high of 97.430 in the USD Index, reached last Friday, to the levels of 96.500-96.300 today. The negative trend is due to weak macroeconomic statistics published in the US on January 28.Due to the difference in the monetary policy of the Reserve Bank of New Zealand and the US Federal Reserve, NZDUSD is likely to fall again with t...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 01, 2022 at 12:02

Tesla IncFourth-quarter results beat market expectationsThe shares of Tesla Inc. are strengthening from the 3-month low of January 28, adding more than 18%. From a November 52-week high, the issuer fell by 24.5% but rose by 0.72% over the past week, while the S&P 500 index rose by 2.37%.Last week, Q4 2021 earnings per share were released with earnings per share of $2.54, almost double last year's figure and well above the Wall Street experts' forecast of $2.34. Revenue rose by 65% YoY to $17.72B, also beating the market's forecast of $16.57B. In the current 2022, the corpor...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 01, 2022 at 10:49

Brent Crude OilDemand for oil exceeds supplyCurrent trendBenchmark Brent Crude Oil prices continue their upward trend, having renewed the October 2014 high at $90 per barrel.Tomorrow, a meeting of members of the Organization of Petroleum Exporting Countries will be held. Participants will hear a report with market development scenarios for the coming months, after which the Ministerial Monitoring Committee will make recommendations to OPEC+ countries. The parties are expected to consider the possibility of adjusting the production of "black gold" by 400K barrels and the impact of a n...

Technical & Fundamental Analysis by Sold ECN Securities dans Traders Expérimentés Feb 01, 2022 at 10:33

AUDUSD Market ForecastRBA decision pushed quotes upCurrent trendThe Australian currency shows stability against its main competitors, despite the decline against the US dollar last week. At the moment, AUDUSD is correcting upwards and is trading at around 0.7055 amid the decision of the Reserve Bank of Australia on a planned monetary policy adjustment.The main interest rate was left at 0.10%, but the quantitative easing (QE) program will be completely terminated, and the last asset purchase under it is scheduled for February 10. Thus, the Australian regulator decided to follow the example of w...

EURUSD	1.1326	GBPUSD	1.33239	AUDUSD	0.64082
USDJPY	142.992	USDCAD	1.37898	USDCHF	0.82626

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