Market Update by Solidecn.com - Page 101
Malaysia Forex Forum | Forex Community Place
Malaysia Forex Forum
Page 101 of 128 FirstFirst ... 51 91 99 100 101 102 103 111 ... LastLast
Results 1,001 to 1,010 of 1273

Thread: Market Update by Solidecn.com

  1. Senior Member
    Join Date
    Oct 2022
    Posts
    1,257
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    GBPCAD forms new bullish channel

    The GBPCAD pair formed minor bullish wave recently as appears on the chart, to support the chances of resuming the bullish attack, as the continuous stability of 1.6420 support line and stochastic attempt to provide the positive momentum allow us to expect targeting 1.6745 level soon, while surpassing it will increase the chances of providing strong pressures on 1.6930 barrier, to form the next main target for the bullish trades.



    The expected trading range for today is between 1.6550 and 1.6745.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. The Following 4 Users Say Thank You to Solid ECN For This Useful Post:

    Unregistered (4)

  3. Senior Member
    Join Date
    Oct 2022
    Posts
    1,257
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    USDCHF Exits the Bearish Channel

    The USDCHF pair traded with strong positivity yesterday to breach the bearish channel’s resistance and settles above it, to head towards building expected correctional bullish wave in the upcoming sessions, targeting 0.9335 areas initially.



    Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 0.9195 will stop the expected rise and press on the price to resume the main bearish trend again. The expected trading range for today is between 0.9160 support and 0.9300 resistance.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. The Following 5 Users Say Thank You to Solid ECN For This Useful Post:

    Unregistered (5)

  5. Senior Member
    Join Date
    Oct 2022
    Posts
    1,257
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    XRPUSD - Current trend

    The XRPUSD pair has been growing within the general market trend since the beginning of this month, and this week has reached 0.4290 for the first time since November.



    Currently, the quotes have corrected to the 0.4000 area, but the current short-term uptrend will be reversed only after the breakdown of the middle line of Bollinger bands in the 0.3780 area, and then the asset will be able to return to 0.3418 (Murrey level [6/8]) and 0.3174 (Murrey level [5/8]). The key "bullish" level is the resistance zone 0.4330–0.4395 (Fibonacci correction 23.6%, Murrey level [+2/8]), the breakout of which allows growth to 0.4750 and 0.5219 (Fibonacci correction 38.2%).

    Resistance levels: 0.4395, 0.4750, 0.5219 | Support levels: 0.3780, 0.3418, 0.3174

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. The Following 5 Users Say Thank You to Solid ECN For This Useful Post:

    Unregistered (5)

  7. Senior Member
    Join Date
    Oct 2022
    Posts
    1,257
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    Soy Technical Analysis

    Bearish Scenario:
    Soyabeans is trading in the upward channel, noting the AO indicator shows negative signals waiting to motivate the bears to confrim the break of the main bullish trend 1477.45 support (Fibo retracement 38.2) which extends to 1465.42 - 1456.05 (Fibo retracement 50).



    Bullish Scenario:
    We see a hammer candle in 12 hours chart which can indicate trend reversal. Breaching MA 50 would push the price to continue the bullish trend that its targets begin by testing 1511.8 - 1520.16.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. The Following 5 Users Say Thank You to Solid ECN For This Useful Post:

    Unregistered (5)

  9. Senior Member
    Join Date
    Oct 2022
    Posts
    1,257
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    ETHUSD - Murray analysis

    Since the beginning of this year, the ETHUSD pair has been growing within the framework of a general market uptrend: last week, for the first time since September, the quotes rose to the area of 1678.7, but now they have lost some of the positions they won, dropping to the level of 1625 (Murray level [5/8]).



    The key for the "bulls" is currently the level of 1650 (Fibo retracement 23.6%), consolidation above it will give the prospect of further growth to the levels of 1750 (Murray level [6/8]) and 1875 (Murray level [7/8]). In general, the upward trend in the market remains, as evidenced by the upward reversal of the Bollinger Bands and the increase in the MACD histogram in the positive zone. The Stochastic's exit from the overbought zone does not exclude a corrective decline, but its potential is seen as limited by the 1500 mark (Murray level [4/8], the middle line of the Bollinger Bands). If the price consolidates below this level, the decline will be able to continue to the area of 1375 (Murray level [3/8]) and 1250 (Murray level [2/8]), but so far this scenario seems less likely.

    Resistance levels: 1650, 1750, 1875 | Support levels: 1500, 1375, 1250

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. The Following 5 Users Say Thank You to Solid ECN For This Useful Post:

    Unregistered (5)

  11. Senior Member
    Join Date
    Oct 2022
    Posts
    1,257
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    USDCHF Negotiates the Resistance

    USDCHF pair provided new positive trades to test the bearish channel’s resistance, noticing that stochastic shows new negative signals now, waiting to motivate the price to resume the main bearish trend, which its targets begin at 0.9100 and extend to 0.9100.



    We remind you that breaching 0.9230 will push the price to start bullish correction that its targets begin by testing 0.9335 areas. The expected trading range for today is between 0.9140 support and 0.9275 resistance.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  12. The Following 4 Users Say Thank You to Solid ECN For This Useful Post:

    Unregistered (4)

  13. Senior Member
    Join Date
    Oct 2022
    Posts
    1,257
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    ​EUR Drops After French and German PMIs

    Flash PMI indices for January from France and Germany were released today at 8:15 am GMT and 8:30 am GMT, respectively. French release turned out to be mixed - the manufacturing index showed a big beat and returned above the 50 threshold while the services index missed expectations and moved deeper into contraction territory. Similarly mixed results were shown by German reading. However, in this case manufacturing data missed expectations while services gauge beat and moved back above 50 point threshold.

    France
    Manufacturing: 50.8 vs 49.7 expected (49.2 previously)
    Services: 49.2 vs 49.9 expected (49.5 previously)

    Germany
    Manufacturing: 47.0 vs 47.8 expected: (47.1 previously)
    Services: 50.4 vs 49.6 expected (49.2 previously)



    EURUSD moved lower in a knee-jerk move following the French release but this drop was quickly erased while European indices moved higher. However, upward move on EURUSD was entirely erased following release of German data. DE30 erased big part of the gain but continues to trade slightly above pre-announcement levels.

    EURUSD took a hit following release of German PMI data and is looking back towards the 1.0860 support zone.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  14. The Following 3 Users Say Thank You to Solid ECN For This Useful Post:

    Unregistered (3)

  15. Senior Member
    Join Date
    Oct 2022
    Posts
    1,257
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    Silver - The price is in a correction and may grow.

    On the daily chart, a downward correction of the higher level ended as the second wave (2), and the third wave (3) forms, within which the entry first wave of the lower level 1 of (3) develops. Now, the wave iii of 1 has formed, and a local correction is ending to develop as the wave iv of 1, within which the wave (c) of iv is developing.

    If the assumption is correct, the XAGUSD pair will grow to the area of 26 – 27. In this scenario, critical stop loss level is 21.80.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  16. The Following User Says Thank You to Solid ECN For This Useful Post:

    Unregistered (1)

  17. Senior Member
    Join Date
    Oct 2022
    Posts
    1,257
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    EURJPY Keeps the Bearish Bias

    EURJPY pair provided negative close below the additional barrier 142 yesterday, to increase the chances of activating the negative attack again, while the current weak trades are caused by stochastic contradiction against the moving average 55 that provides negative signals by settling below the mentioned barrier.



    These factors allow us to expect forming temporary sideways fluctuation until gathering the additional negative momentum to ease the mission of starting the negative attack and press on 140.25 level soon, while breaking it will confirm the continuation of the negativity by targeting 139.4 and 138.2 levels.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  18. The Following User Says Thank You to Solid ECN For This Useful Post:

    Unregistered (1)

  19. Senior Member
    Join Date
    Oct 2022
    Posts
    1,257
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    GBPUSD - Growth is possible.

    On the daily chart, the downward fifth wave of the higher level 5 of (V) ended, within which the wave (5) of 5 formed, and the development of the upward first wave (1) started. Now, the third wave of the lower level 3 of (1) is forming, within which the wave iii of 3 has ended, a correction has formed as the wave iv of 3, and the wave v of 3 is developing.

    If the assumption is correct, the GBPUSD pair will grow to the area of 1.2900–1.3500. In this scenario, critical stop loss level is 1.1835.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  20. The Following User Says Thank You to Solid ECN For This Useful Post:

    Unregistered (1)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •