Market Update by Solidecn.com
Malaysia Forex Forum | Forex Community Place
Malaysia Forex Forum
Page 1 of 130 1 2 3 11 51 101 ... LastLast
Results 1 to 10 of 1298

Thread: Market Update by Solidecn.com

  1. Senior Member
    Join Date
    Oct 2022
    Posts
    1,282
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    WTI Crude Oil Nears Crucial Resistance at $80.6


    Solid ECN—WTI Crude Oil is currently oversold, testing a critical resistance level at $80.1. The Awesome Oscillator indicates a prevailing bear market; however, the RSI 14 and Stochastic Oscillator signal an oversold market, suggesting a consolidation phase may be imminent.

    Traders and investors are advised to wait for the oil price to recover some of its recent losses, as shorting a market with intense selling pressure is not advisable.

    Nonetheless, the oil price may rebound to test the immediate resistance at the 23.6% Fibonacci level of $80.6, a level reinforced by the low on July 15. It is essential to monitor the $80.6 demand area for bearish candlestick signals.

    Please note that if the bulls (buyers) close and stabilize the price above the 23.6% Fibonacci level, the next key resistance will be $81.

    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. Senior Member
    Join Date
    Oct 2022
    Posts
    1,282
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    DAX 30 Index Tests Key Fibonacci Level


    Solid ECN—The DAX 30 Index experienced a decline during today's trading session, reaching the 38.2% Fibonacci retracement level at $18,429. Technical indicators suggest a bearish market trend, with potential signs of being oversold.

    From a technical perspective, entering short positions in an oversold market is inadvisable. Consequently, traders and investors are encouraged to await a correction near the 61.8% Fibonacci retracement level. At this point, a bearish engulfing pattern should be observed before considering joining the bear market.

    Alternatively, should the price stabilize above the 61.8% Fibonacci retracement level, an upward movement towards the 78.6% Fibonacci retracement level at $18,661 is anticipated.

    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.


  3. Senior Member
    Join Date
    Oct 2022
    Posts
    1,282
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    Unpredictable Market Keeps Silver Prices in Limbo


    Solid ECN—Silver trades between the $30.5 immediate support and the $30.9 immediate resistance. The technical indicators give mixed signals, which adds to the uncertainty in the market direction in the short term. That said, the price has crossed the 50-period moving average several times, which could confuse retail traders.

    In such a situation, traders and investors should wait patiently for the market to break out from one of the immediate barriers. The primary trend should be considered bullish since the silver price is still above the 38.2% Fibonacci. In this scenario, if the bulls close and stabilize the price above $30.98, the bull market will likely resume, and the initial target could be retesting the $31.48 resistance.

    Conversely, if the price dips below the immediate support at $30.5, the value of silver could drop to the next supply zone at the 50% Fibonacci level, marked at $30.1, which is backed by the 100-period simple moving average.

    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. Senior Member
    Join Date
    Oct 2022
    Posts
    1,282
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    USD/CHF Update: Bears Eyeing Key Resistance Levels


    Solid ECN—The USD/CHF pair trades within a bearish flag pattern and is aligned with the 50-period simple moving average, highlighting a pronounced downtrend. Despite the Awesome Oscillator bars turning green, they remain below the signal line, indicating a weakening of the bearish trend.

    From a technical perspective, the primary trend remains bearish as long as the pair stays below the descending trendline. In this scenario, sellers will likely test the 0.891 resistance level again. Should the selling pressure surpass 0.891, the next resistance area would be at 0.888.

    On the other hand, if buyers manage to close and stabilize the price above the descending trendline, the bearish trend would be invalidated. This would signify a reversal from a bear market to a bull market.

    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.


  5. Senior Member
    Join Date
    Oct 2022
    Posts
    1,282
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    USD/JPY Analysis: Bears Face Key Resistance


    Solid ECN—The USD/JPY currency pair tested the 157.6 resistance level as shown in the daily chart. The technical indicators are bearish, but if the bulls (buyers) can hold the price above the key resistance level at 157.6, the uptrend will likely resume and initially target 160.3.

    Conversely, if the price dips below the key resistance, the bearish momentum could target the next support level at 155.6.

    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. Senior Member
    Join Date
    Oct 2022
    Posts
    1,282
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    AUD/USD Analysis: AO Signals Twin Peaks



    Solid ECN—The AUD/USD pair is in an uptrend, trading above the $0.6761 immediate resistance and the ascending trendline. The immediate resistance is at 0.6767, Friday's peak. Interestingly, the awesome oscillator signals twin peaks, which is a bullish signal if the bar turns green again.

    From a technical standpoint, if the bulls close above the 0.6767 immediate resistance, the uptrend will likely resume, and the next bullish target will be at 0.6792, followed by July's all-time high at 0.6801.

    Conversely, a dip below the immediate resistance at 0.6761 could extend to 0.6752. Furthermore, if the selling pressure exceeds 0.6752, the bullish scenario should be invalidated, and the trend should be considered reversed from a bull market to a bear market.

    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.


  7. Senior Member
    Join Date
    Oct 2022
    Posts
    1,282
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    Gold Technical Analysis - 12-July-2024


    Solid ECN—XAU/USD dips from $2,424 as expected since the RSI 14 and the Stochastic oscillator were in oversold territory. With the bullish primary trend, the consolidation phase can provide new opportunities for traders and investors to find a decent bid to join the bull market.

    The $2,392 and $2,387 levels offer new entry points. That said, traders should monitor these supply zones for bullish candlestick patterns, such as a hammer or a bullish engulfing pattern.

    Please note that if the bears close below $2,387, the consolidation phase could extend to $2,370, a support area backed by the Ichimoku Cloud.

    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. Senior Member
    Join Date
    Oct 2022
    Posts
    1,282
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    AUD/USD Uptrend Resumes above 0.675
    [/url]

    Solid ECN—The Australian dollar bounced from an ascending trendline against the U.S. Dollar from the immediate resistance at 0.675. The technical indicators provide mixed signals, mostly because all technical tools are lagging. That said, from a technical perspective, the AUD/USD is in a bull market because the currency pair trades in a bullish channel.

    If the immediate resistance holds, the next bullish target will be testing the key resistance level at 0.679.

    Conversely, if the price dips below 0.675, the next support area will be 0.672, a supply zone backed by the Ichimoku Cloud.

    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.


  9. Senior Member
    Join Date
    Oct 2022
    Posts
    1,282
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    EUR/USD Analysis - 11-July-2024


    Solid ECN—The European currency resumed its uptrend trajectory against the U.S. Dollar in today's trading session as expected. However, the EUR/USD pair is in an overbought state as both stochastic and RSI (14) are above 80 and 70.

    From a technical standpoint, the price might consolidate near the 50% followed by the 61.8% Fibonacci level before the uptrend resumes. Traders and investors should monitor the 1.085 level for bullish signals such as a bullish engulfing candlestick or a hammer candlestick pattern.

    Conversely, if the price dips below the 61.8% Fibonacci level, the bull market should be invalidated.

    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. Senior Member
    Join Date
    Oct 2022
    Posts
    1,282
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    EUR/USD Forecast: Bulls Eye 1.0844



    Solid ECN—EUR/USD tests the immediate resistance at 1.082. The technical indicators give mixed signals, with the Awesome Oscillator (AO) and stochastic oscillator being bearish. On the other hand, the RSI and Heiken Ashi suggest the bullish market will resume.

    From a technical perspective, the ascending trendline and the 23.6% Fibonacci retracement level at 1.080 play critical roles as support. The bull market remains intact as long as the pair trades above it. In this scenario, if the price exceeds the immediate resistance at 1.082, the next bullish target will be the July 8 high at 1.0844.

    Conversely, if the EUR/USD price dips below the key support level at 1.080, the bull market should be invalidated, and the bears (sellers) will likely push the price down to the 38.2% Fibonacci retracement level at 1.077.

    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.


Posting Permissions

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