Recent content by SOLID ECN LLC

AUD/USD Consolidation Phase Exceeded 23.6% Fibonacci The AUD/USD pair consolidates after dipping to a low of 0.657. The current pullback was anticipated as the pair formed a doji candlestick today. Currently, the AUD/USD is attempting to close and stabilize above the 23.6% Fibonacci...

GBP/USD DeMark Indicator Signals Oversold Solid ECN—The DeMark indicator in the GBP/USD 4-hour chart suggests the pair is oversold, hovering below the 0.3 line. As of this writing, the pair tests the 1.269 resistance. A pullback could be imminent, and it is not wise to go short in an oversold...

EUR/USD Breaks Key Resistance Solid ECN—The EUR/USD currency pair broke below the 1.078 key resistance on Monday, and as of writing, the currency pair traded approximately at 1.0765. The technical indicators suggest the downtrend should resume to lower resistance levels. The immediate...

NZD/USD Consolidation Phase Analysis Solid ECN—The NZD/USD currency pair trades in a range area between $0.617 immediate support and $0.621 immediate resistance. The technical indicators suggest low momentum in the market, but with a weak bearish bias. Therefore, the currency pair might break...

Gold Declines Amid Overbought Stochastic Oscillator Solid ECN—The XAU/USD declined after the bulls broke from the 50% Fibonacci level in today's trading session. This development in the gold price has driven the stochastic oscillator into the overbought area. Therefore, the current phase...

Navigating the Recent Silver Price Drop Solid ECN—Silver prices dropped below $30 per ounce after hitting an 11-year peak of $32 on May 28th. This decline comes as investors weigh major central banks' future interest rate policies and the demand for silver from key industrial users. In...

Gold Prices Surge Amid Speculation of Fed Rate Cuts Solid ECN—Gold prices climbed to $2,370 per ounce on Thursday, continuing the upward trend from the previous day. This increase came after U.S. economic reports suggested that the Federal Reserve could lower interest rates later this year...

USD/CNH Tests the Ichimoku Cloud with Bearish Outlook The USD/CNH currency pair broke below the ascending trendline and the 7.24 immediate support. As of writing, the currency pair trades at about 7.246, testing the Ichimoku cloud. The technical indicators signal a bearish trend resumption...

USD/CHF Downtrend: Key Levels to Watch The USD/CHF downtrend gained momentum after breaking below the key resistance level at $0.90. As a result, the candles moved outside the lower Bollinger Band, indicating the market is oversold and may bounce back. The RSI is near the oversold area...

USD/JPY: Price Tests Ascending Trendline Solid ECN—The USD/JPY currency pair has declined from $157.7 and is testing the ascending trendline at $154.7. This demand area is in conjunction with the Ichimoku cloud and the April 9 high. The technical indicators signify a bearish profile. The RSI...

USD/CNH Symmetrical Triangle: Key Levels Solid ECN—The USD/CNH currency pair traded at about $7.25 in today's trading session. The currency pair has been moving sideways inside the symmetrical triangle, approaching the apex in the last three trading sessions. As of writing, the bears are...

NZD/USD Tests Key Resistance at $0.616 Solid ECN—The NZD/USD currency pair bounced from the $0.613 immediate support level, and as of this writing, it is testing the broken ascending trendline, the key resistance level at $0.616. The technical indicators suggest a sideways market with a mild...

AUD/USD Tests Immediate Support Solid ECN—The AUD/USD currency pair traded at $0.664 in today's trading session. As of this writing, it is testing immediate support at $0.663. The technical indicators in the 4-hour chart suggest the currency pair is trading sideways, and the market lacks...

EURUSD Analysis Solid ECN—The EUR/USD price declined from the $1.088 ceiling, and as of writing, the currency pair trades at about $1.084, testing the May 30 high. The technical indicators give mixed signals. The relative strength index clings to the median line, signaling a low momentum...

Will GBP/USD Break Above $1.276? Solid ECN—The GBP/USD currency pair trades at about $1.273 in today's trading session, which is below the descending trendline and the $1.276 resistance. The RSI indicator signals a sideways market, but the Awesome Oscillator value is on the rise and about to...