Recent content by Solid ECN

Euro Climbs: What Traders Need to Know Solid ECN – The Euro climbed above $1.085, marking its highest point in five weeks. This rise comes as traders anticipate changes in monetary policies between the US and Europe. The European Central Bank (ECB) is expected to cut interest rates at its...

AUDUSD: Bulls Target 0.676 Amid Bullish Indicators Solid ECN—In today's trading session, the AUDUSD broke through the 0.665 resistance, and bulls are working to stabilize the price above this key level. Technical indicators signal bullish trends, suggesting the uptrend is likely to continue...

GBPUSD Eyes Key Levels as Bulls Gain Momentum Solid ECN – The GBPUSD currency pair broke out of the descending trendline and the 1.2590 barrier. The bulls will likely target 1.263 this week, and if this level is breached, the path to 1.2708 will be paved. If the price dips to 1.2590 support...

WTI Crude Rises Amid Canadian Wildfires Solid ECN—WTI crude futures climbed to $79 per barrel on Wednesday, helping to recover some losses from the previous day. The rise was mainly due to wildfires in Canada threatening the country's oil sands industry, which produces 3.3 million barrels...

GBPUSD at a Crossroad Solid ECN – The GBP/USD pair is testing the upper band of the bearish trend line on the 4-hour chart, which coincides with the 78.6% Fibonacci retracement level. As of now, the pair trades at approximately 1.258 as the uptrend cools down. From a technical perspective, if...

Forecasting Silver Prices Amidst Technical Signals Solid ECN—Silver trades an uptrend above the 50% Fibonacci retracement level. The XAG/USD pair is currently experiencing a pullback from the $28.7 resistance, trading at about $28.3. Silver's primary trend remains bullish if the price stays...

EURUSD - ECB and Fed Rate Cuts, What to Expect? Solid ECN – The Euro has strengthened above $1.078, reaching a five-week high. This rise comes as investors focus on important US and Euro Area economic data. Key figures like US inflation, first-quarter GDP, and employment statistics are closely...

Key Technical Levels for Gold Traders Solid ECN – Gold has declined from $2,378 against the U.S. dollar on May 10 and is currently trading around $2,340. With technical indicators signaling a bearish trend, the dip is likely to extend to the EMA 50, a level supported by the lower line of the...

Bulls Eye Key Breakout for EURUSD Rally Solid ECN – The EURUSD currency pair pulled back from last week's trading session's 61.8% Fibonacci support level. As of posting, the pair trades around the 1.078 mark, clinging to the descending trendline on the 4-hour chart. Technical indicators...

Franc Strengthens, Dollar Weakens Post-Fed Solid ECN—The Swiss franc has remarkably recovered, climbing to 0.91 against the US dollar from a seven-month low of 0.92 on May 1st. This rebound was sparked by unexpectedly high inflation data, which reduced the market's expectation that the Swiss...

WTI Crude Drops Below $78, Eyes on OPEC Solid ECN – WTI crude futures experienced a significant decline, dropping below $78 per barrel this Monday. This downward trend extended from last week when oil prices fell sharply by more than 1%. The drop is largely attributed to growing concerns about...

EURUSD Technical Analysis Solid ECN – EUR/USD rose from the 61.8% Fibonacci retracement level yesterday and is now testing the descending trendline near 1.07. The technical indicators are bullish, but for the uptrend to resume, the price must close and stabilize above the trendline. If this...

Key Reports to Influence Gold Prices Solid ECN – Gold prices soared to $2,350 per ounce this past Friday, reacting to traders' expectations of a Federal Reserve rate cut. The anticipation grew after Thursday's economic report showed a surprising increase in Americans filing for unemployment...

AUDUSD Analysis Solid ECN – The AUD/USD pair has resumed its uptrend from 0.655 after testing the 50-day EMA. Currently, the Australian dollar is trading around 0.660 against the U.S. dollar, with bulls aiming to stabilize above the 23.6% Fibonacci retracement level. The RSI is above 50...

Bitcoin Dips Below Key $61.9K Level Solid ECN – Bitcoin dipped below $61,896 in today's trading session. The technical indicators are bearish, with the RSI hovering below 50 and the Awesome Oscillator bars in red. From a technical standpoint, the downtrend momentum that started earlier this...