Market Update by Solidecn.com - Page 103
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Thread: Market Update by Solidecn.com

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    AUDUSD Awaits more Rise

    The AUDUSD pair faced temporary negative pressure in the previous sessions to lean on the intraday support line that appears on the chart and begins rising now, accompanied by witnessing positive signals through stochastic, waiting to motivate the price to provide more positive trades on the intraday and short term basis, reminding you that our next target is located at 0.7080.



    Therefore, our bullish overview will remain valid conditioned by the price stability above 0.6915. The expected trading range for today is between 0.6920 support and 0.7040 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.


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    USDCHF Loses Momentum

    The USDCHF pair fluctuates at the EMA50, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the negative trading that its targets begin by breaking 0.9215 to open the way to visit 0.9150 followed by 0.9100 levels.



    Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.9330 and holding above it. The expected trading range for today is between 0.9170 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.


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    BTCUSD - Monetary factors support the growth of "digital gold"

    The main support for the entire cryptocurrency sector was provided by monetary factors. After the release on Thursday of the December data on US consumer inflation, which recorded a new slowdown in its growth rate from 7.1% to 6.5% on an annualized basis, investors became stronger in the opinion that the US Fed will also adjust the rate of interest rate hike to 25.0 percentage points, putting pressure on the quotes of the national currency. As a result, the positions of alternative assets, including digital ones, have strengthened. It should be noted that the current trend is in line with the forecasts of the well-known crypto enthusiast, the head of Galaxy Digital, Michael Novogratz, who at the beginning of last year said that the digital asset market would restore positive dynamics after the American regulator retreats from the policy of sharp monetary tightening. Further positive for the sector was the news that the FTX bankruptcy team was able to restore access to the company's assets of about 5.0B dollars, which could provide investors with a significant part of the losses.

    However, despite a number of positive factors, the further recovery of BTC positions does not look sustainable, as the position of the cryptocurrency industry as a whole remains difficult. The decline in trading volumes on the leading centralized exchanges continues, in December alone, the number of spot trading decreased by 42.8% at once, and of futures – by 47.6% compared to November. The difficult financial situation caused by a protracted fall in prices last year is forcing companies to optimize costs and reduce staff. Thus, the Coinbase platform announced plans to lay off 950 employees, which is about 20.0% of the staff. Cryptocurrency company ConsenSys intends to lay off about 100 employees, and cryptocurrency wallet operator Blockchain.com – 110. In addition, additional problems for the industry may be created by a new lawsuit by the US Securities and Exchange Commission (SEC) against the Gemini site and the Genesis credit service, which, according to the regulator, are guilty of unregistered sale of securities to investors.



    Technically, the price is testing the resistance zone of 21000 - 21250 (Murray level [+1/8], Fibo retracement 61.8%), consolidation above it will give the prospect of further growth to the levels of 22500 (Murray level [+2/8]) and 25000 (Murray level [0/8] for W1). If the level of 20000 (Murray level [8/8], Fibo retracement 50.0%) is broken down, the decline will be able to resume to the area of 19100 (Fibo retracement 38.2%) and 17830 (Fibo retracement 23.6%).

    Resistance levels: 21250, 22500, 25000 | Support levels: 20000, 19100, 17830

    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.


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    EURUSD Gets New Positive Signal

    The EURUSD pair resumes its positive trading after the temporary decline that it witnessed in the previous sessions, reinforcing the expectations of continuing the bullish trend, motivated by the positive overlapping signal provided by stochastic now, waiting to visit 1.0915 as a next main target.




    The EMA50 continues to support the suggested bullish wave, which will remain valid as long as 1.0745 level remains intact. The expected trading range for today is between 1.0790 support and 1.0950 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.


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    Silver - Growth is possible.

    If the assumption is correct, the XAGUSD pair will grow to the area of 26 – 27. In this scenario, critical stop loss level is 23.04.

    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.


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    EURUSD Resumes the Rise

    The EURUSD pair rallied upwards strongly yesterday to reach 1.0850 areas, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our waited target at 1.0915.



    The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.0745 and holding below it. The expected trading range for today is between 1.0770 support and 1.0940 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.


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    XAUUSD - Growth is possible.

    If the assumption is correct, the XAUUSD pair will grow to the area of 1990 – 2050. In this scenario, critical stop loss level is 1759.43.

    Last edited by Solid ECN; 13-01-2023 at 06:01 PM.

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    NZDUSD Awaits the Breach

    The NZDUSD pair continues to fluctuate within the bullish flag pattern, waiting to breach 0.6375 to activate the positive effect of this pattern followed by rallying towards 0.6440 followed by 0.6510 levels mainly.



    In general, the bullish trend will remain valid conditioned by the price stability above 0.6275. The expected trading range for today is between 0.6330 support and 0.6450 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.


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    EURUSD Surpasses the Resistance

    The EURUSD pair managed to breach 1.0745 level and hold above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards 1.0915 as a next main station, supported by the EMA50.



    On the other hand, we should note that breaking 1.0745 and holding below it will put the price under negative pressure that targets testing 1.0645 areas initially.

    The expected trading range for today is between 1.0700 support and 1.0860 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.


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    Shares of Pfizer, the largest US pharmaceutical company, are correcting at 47.

    The daily chart shows that the price is declining, consolidating below the 50.0% Fibonacci interim retracement at 48.2.



    On the four-hour chart, it can be seen that the downward movement may continue if the quotes manage to break the main support — the full correction level of 61.8% Fibonacci 46.60. The already passed intermediate correction level of 50.0% at 48.20 prevents the change of the trend, but so far, such a movement looks unlikely.

    Technical indicators reinforce the sell signal.

    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.


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