Recent content by SOLID ECN LLC

USD/CHF Eyes Bullish Reversal Above Key Resistance Solid ECN—The USD/CHF currency pair bounced from the 38.2% Fibonacci support level at $0.909. As of writing, the pair is targeting the 23.6% Fibonacci level at $0.911. The RSI value is increasing and moving away from the oversold area...

NZD/USD - Entry Points and Bullish Targets Solid ECN—The NZD/USD currency pair broke above the immediate support at 0.6139; as of writing, it is trading at approximately 0.616. The RSI indicator is becoming overbought, indicating that the uptrend might ease, and the market will likely...

Pound Sterling Soars: Technical Analysis of GBP/USD Solid ECN—The GBP/USD currency pair broke above the 1.276 immediate resistance in today's trading session. This development in the pound sterling drove the relative strength index indicator into the overbought area, signifying that the market...

Silver Analysis The silver price became overbought after the bulls hit the $31 high. Subsequently, the chart formed a long-wick bearish candlestick pattern, which led to the price entering a consolidation phase. As of writing, the pair is testing the Ichimoku cloud as support, maintaining...

EUR/USD Analysis: Bullish Flag Pattern Insights Solid ECN—The EUR/USD currency pair trades in a bullish flag pattern, stabilizing above the 78.6% Fibonacci level at $1.08. The technical indicators are bullish. The RSI (14) value at 65 indicates some room left before becoming oversold...

USD/CAD Breaks Below Key Fibonacci Levels Solid ECN—USD/CAD broke below the 61.8% Fibonacci level today, and as of writing, the pair trades at approximately 1.363 CAD. The current bearish momentum will likely target the 78.6% Fibonacci level at 1.362 CAD. Bullish traders should wait for signs...

Will AUD/USD Break Out? Key Levels to Watch Solid ECN —AUD/USD resumed its uptrend after hitting the ascending trendline at $0.659. As of writing, the pair is trading inside the symmetrical triangle, testing the upper line at $0.664. The technical indicators suggest a resumption of the...

GBP/USD Faces Resistance: Market Outlook Solid ECN—The GBP/USD currency pair trades in an uptrend, facing the $1.276 immediate resistance. The Stochastic oscillator (14.3.3) suggests an overbought market. Therefore, the pound sterling might lose ground against the U.S. Dollar. The ascending...

EURUSD's Bearish Flag and Potential Reversals Solid ECN—The EURUSD currency pair trades in a bearish flag near the upper band. At the time of writing, the bears are keeping the price below the 50% Fibonacci level at $1.084. Interestingly, the 4-hour chart has formed an inverted hammer...

Gold Falls Below $2,353: Bearish Momentum and Key Levels Solid ECN—The XAG/USD fell below $2,353 in today's trading session. Currently, gold is trading around $2,338, retracing to test the former support level as new resistance. From a technical standpoint, the gold price dip was anticipated...

Silver Bullish Momentum Resumes Above Key Resistance Level Solid ECN—The Silver price bounced from the 38.2% Fibonacci retracement level at $30. As of this writing, XAG/USD is trading at about $30.5, stabilizing momentum above EMA 50 and the Ichimoku cloud. The RSI (14) value is rising at 46...

Impact of Fibonacci Levels and EMA on Oil Prices Solid ECN—WTI Crude Oil's downtrend has resulted in stabilizing below the 50% Fibonacci level at $77.5. The 50-day EMA is the primary resistance that separates a bear market from a bull market. The Awesome Oscillator bars have turned red...

Impact of Candlestick Patterns on Bitcoin Trends Solid ECN—The long wick candlestick pattern on the Bitcoin daily chart caused the price to dip from the $71,909 higher low. Bitcoin 1-Hour Chart As of writing, the BTC/USD pair trades at about $68,000, close to the lower line of the bearish...

Bearish Momentum in USD/CNH Currency Pair Solid ECN – The USD/CNH currency pair is dipping from the 78.6% Fibonacci level at $7.257. The RSI indicator also demonstrates bearish momentum by turning downward, and the awesome oscillator bar has just turned green. The immediate resistance that...

USD/CAD Faces Crucial 50% Fibonacci Test Solid ECN – The USD/CAD trend reversed after the price neared the descending trendline, and as of writing, the pair is testing the 50% Fibonacci level at 1.362. The technical indicators signal a continuation. The Awesome Oscillator bar turned red in the...