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Parallel Channel

DOGE → Will the market hold strength or lose it all?BINANCE:DOGEUSDT is testing the liquidity and resistance zone amid a downtrend as part of a news-induced rally. Will the market hold this trend or return to a sell-off? The downtrend continues. As part of the correction triggered by the news backdrop, bitcoin strengthened and pulled the altcoins with it. But the market may lose all its growth quite quickly, as bearish pressure on the market is still very strong (There are no fundamental positive changes for the market). The fall of BTC may be followed by DOGE as well. Technically, the price is forming a false break of the resistance zone 0.1622 - 0.15700, consolidation of the price below this zone will provoke the continuation of the fall to the nearest zone of interest 0.13646. Resistance levels: 0.157, -0.1622 Support levels: 0.13646, 0.1277, 0.1154 A retest of the trend resistance is possible, but price consolidation below the key zone will be a good signal indicating the seller's strength, the decline may continue. On the weekly timeframe we have a trigger at 0.14217, break of which will open the way to 0.1277 - 0.1025. Regards R. Linda!
Short
by RLinda
12
Euro may continue to move up inside upward channelHello traders, I want share with you my opinion about Euro. We can see how the pair spent a long time inside a wide range, repeatedly testing the buyer zone between 1.0365 - 1.0400 points. After multiple rebounds and false breakouts, Euro finally broke through the resistance and started forming a strong upward channel. The bullish structure was further confirmed when the price respected the support line of the channel and created a new higher low near 1.0885, which now acts as the current support level. This level also coincides with the bottom of the seller zone, which was recently flipped into support. Price reacted with a sharp impulse up, breaking the consolidation range and confirming continued bullish pressure. Now Euro is approaching the middle of the channel and gaining strength again. I expect the pair to make a slight pull-back to the support area, followed by a continuation of the upward trend toward TP1 - 1.1250 points, which aligns with the upper boundary of the channel. As long as EUR remains above 1.0885 points and respects the bullish structure, I’m looking for another leg higher. The chart structure supports the bullish case, and the upward momentum is clearly in play. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
Bitcoin will continue to fall inside downward channelHello traders, I want share with you my opinion about Bitcoin. If we look at the chart, we can see how the price entered to downward channel, where it once declined to the channel's support line, which coincided with the resistance level and seller zone. Next, the price some time traded inside this area and even little declined below, but then it turned around and in a short time rose to the resistance line of the channel and made a fake breakout, after which it made a correction. Bitcoin long time traded inside seller zone and then broke 82000 level and declined to support level, which coincided with buyer zone. Then it made upward movement, after which it turned around and declined back to 75000 level. Recently, BTC bounced and started to grow, but in my mind, Bitcoin can rise a little more and then continue to decline inside a downward channel. Bitcoin will break the support level and fall to the 71800 support line of the channel, where my TP is located. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
HelenP. I Gold may drop to trend line, breaking support levelHi folks today I'm prepared for you Gold analytics. A few days ago price rebounded from the trend line and started to grow inside the upward channel. In this channel, the price rose to support 2, which coincided with the support zone and soon broke this area. Then it continued to move up and rose to resistance line of channel, but soon it turned around and made small movement below, after which continued to grow near this line little below. Later, Gold made a correction movement to support 2, which coincided with the trend line and then continued to move up inside the channel. In a short time later it reached support 1, which coincided with one more support zone and also broke this level too. Price some time traded near this level and later made impulse up, exiting from channel pattern and then it at once turned around and made correction movement to support 1. Gold even declined a little below this level, but a not long time ago, it backed up. Now, I expect that XAUUSD will start to decline to the trend line, thereby breaking the support level. That's why I set my goal at 2965 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
7
EURCAD: Bullish Move From Support Confirmed 🇪🇺🇨🇦 EURCAD may continue growing after a strong bullish reaction to a key daily support. The market was accumulating for some time on that within the intraday horizontal range. Its resistance was broken with both 4H/1H candles. Next goal - 1.5592 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
GOLD → Bounce back to accumulate energy before growthFX:XAUUSD confirms interim bottom at 2970 after a false breakdown and as part of the escalating trade war, price is strengthening from support to the important medium-term level of 3054. Further dynamics will depend on the market reaction to the minutes of the March Fed meeting and the introduction of reciprocal tariffs between the US and China. The introduction of 104% duties on Chinese goods increases trade tensions, reduces investor confidence and supports the price of gold against the background of a weakening dollar. Even with the Fed's cautious rhetoric, gold may keep rising due to the escalating trade war. The medium-term situation depends on the Fed (namely hints or actions on rate cuts), the trade war and negotiations on the situation in Eastern Europe Resistance levels: 3054, 3077, 3099 Support levels: 3033, 3013 (0.5f), 2995 Since the opening of the session (the price has passed the daily norm) gold has exhausted the technical potential and the 3054 area may push the price down (false breakout). As part of a technical pullback, gold may test 3033 - 3013 before looking at upside attempts again. Additional scenario: pullback to the fvg zone (0.7 - 0.79 fibo) before further growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
22
SPX....An interestng observation!10/4/25 spx....an interesting observation.. index has been travelling between the blue median which is a very strong support and the red median which is a very strong resistance.............this travel started s0me time in 2009....and is still ongoing! only during 2008/2009 lehman collapse and 2020 covid did the index go below the blue median.... will it slip the blue median again or move north again to retest the red median? only time will tell.. but we have the contours to monitor!
SP:SPX
by Nattyshotstocks
Possible Bearish Market on USDCHFUSDCHF has been moving between support and resistance levels thereby creating a sideways movement on daily and weekly timeframes, also creating some flag patterns, currently, there is a potential sells on weekly and daily timeframes, we might see a little movement up to the resistance zone at 92081, creating a triple top pattern before starting the downward movement again. let's watch out for the market this week. like and share your opinion
Short
by Adhemola
4
Gold Hits Key Support – Reversal Ahead or More Fall?Gold ( OANDA:XAUUSD ) has entered a Correction phase after losing its ascending channel . Now, if you are in a Short position , this post will help you know where to take profit on your position or if you are looking for a Long position for gold , what area is suitable . Gold is approaching an important Support zone($2,956-$2,917) that I don't think can be broken within a first attack . What do you think? In terms of Elliott waves , Gold appears to be completing a bearish wave 5 , which appears to be able to complete at the Support zone($2,956-$2,917) . I expect Gold to start rising again from the Support zone($2,956-$2,917) and to at least rise to $3,000 again and get close to the Resistance zone($3,058-$3,021) . It is likely to fall again after this move . In your opinion, has Gold started a major correction, and to what price can this correction continue? Note: If Gold can touch $2,890, we can expect further declines. Note: Because the downward momentum is currently high, it is likely that wave 5 will also complete near $2,913, and we will see a fake break of the Support zone($2,956-$2,917). Gold Analyze ( XAUUSD ), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
7
Can $DOGE Still Leapfrog $BTC...?The original thesis has not yet been invalidated, only pushed farther into the future. The historical pattern is still there, and the reversal is part of it. Does that mean DOGE will definitely flip BTC to the extreme upside? Not necessarily. But the two hypothetical trend lines will not validate/invalidate until DOGE begins to flip BTC more aggressively. Then we'll know for sure by how much it flips BTC. DYOR, STFU, Praise the Lord, and Pass the Ammunition.
Long
by mineyourbiz
GOLD → Rising economic risks could push the price upwardFX:XAUUSD closed inside the range 2970 - 3060 and has all chances to strengthen as the situation between the USA and China is only getting hotter, which creates additional risks. Gold continues to rally from its recent low of $2,957, back above the $3,000 level amid a weaker dollar and a pause in rising US bond yields. The market is reacting to escalating trade tensions between the US and China, including the threat of new 50% tariffs and possible countermeasures by Beijing. Strengthening expectations of Fed rate cuts and recovering risk appetite also support gold's growth, but the instability of global trade policy keeps investors uncertain. At the moment the price is testing resistance at 3013 and after a small correction the assault may continue, and a break and consolidation above 3013 will open the way to 3033 - 3057. Resistance levels: 3013, 3033, 3057 Support levels: 2996, 2981 The trade war and the complex, politician-dependent fundamental backdrop allows us to strategize relative to economic risk. Technically, we are pushing off the strong levels I have outlined for you. The overall situation hints that China will not just give up and Trump will not lose face. An escalation of the conflict could send gold higher. The price may strengthen from 0.5 fibo, or from 3013 Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
GBPCHF Wave Analysis – 8 April 2025- GBPCHF broke the support zone - Likely to fall to support level 1.0785 GBPCHF currency pair recently fell sharply through the support zone between the support levels 1.1000 and 1.1100. The breakout of this support zone was preceded by the breakout of the daily up channel from September. The breakout of these support levels accelerated the active intermediate impulse wave (3) from the start of August. Given the strongly bullish Swiss franc sentiment seen recently, GBPCHF currency pair can be expected to fall to the next support level 1.0785, the target price for the completion of the active intermediate impulse wave (3).
Short
by FxProGlobal
GOLD - Price can continue to decline to $2920 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price moved inside a rising channel, making higher highs and holding above support levels. Later, Gold broke resistance and continued to rise, reaching the upper boundary of the price channel. After touching $3076 zone, price turned around and exited the channel with a strong bearish impulse. Recently, it made a breakout below $3055 level and bounced from the area without a strong upward reaction. Now Gold trades below resistance zone and holds under broken channel, forming local bearish structure. In my opinion, Gold can continue to decline and reach $2920 points during the next wave down. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
12
EURO - Price can bounce from resistance area to $1.0850 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price moved inside a falling channel and showed weak activity with limited growth attempts. Later Euro made a breakout, exited the channel, and started to form a new bullish structure near resistance. After that, price made a sharp upward impulse, touching $1.1010 resistance and forming a pennant pattern. Recently, it broke the lower border of pennant and tested $1.0990 level from below, then bounced down. Now price trades under local resistance area and holds below broken trendline with weak upward attempts. In my opinion, Euro can continue to decline and reach $1.0850 support level in the upcoming sessions. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
14
Gold Has Pulled BackGold has been in an uptrend this year, and some dip buyers may see an opportunity in its latest pullback. The first pattern on today’s chart is the series of higher highs and higher lows since January. XAUUSD has dipped to the bottom of that rising channel. Will it become another higher low? Second, the pullback stabilized near the February high around 2956. That could suggest old resistance has become new support. Third, stochastics dipped to an oversold condition. Finally, the 50-day simple moving average is rising from below. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
OANDA:XAUUSD
by TradeStation
a breakdown of the 6 month channel "On the yearly chart, gold is near its trading high, and on the 6-month chart, it's near a support floor. There's a high probability of the support breaking." Here's a slightly more formal way to phrase it, which might be used in a trading context: "On the annual timeframe, gold is trading close to its resistance peak, while the 6-month chart shows it nearing a support level. The likelihood of this support being breached is quite high."
TVC:GOLDShort
by sepehrariamehr007
1
GOLD → Consolidation or continuation of the fall. 3013 triggerFX:XAUUSD is going through the strongest liquidation phase. The fall is triggered by profit-taking amid last week's strong news. Additional pressure is created by the strong NFP report released on Friday. The economic risk situation is bifurcating.... Gold prices rebounded after falling in the Asian session, consolidating the drop triggered by the intensifying trade war between the US and China. Donald Trump's comments about rejecting deals with China have heightened recession fears, raising the likelihood of a Fed rate cut. Against this backdrop, there was increased interest in gold as a protective asset, despite the rise in the dollar and bond yields. However, further strengthening of gold is questionable due to profit taking and lack of new economic data from the US. Technically, the price is consolidating under pressure against the support at 3017-3013. A descending triangle is forming on the local timeframe. Resistance levels: 3033, 3057 Support levels: 3017, 3013, 2981 Based on the current situation and strong pressure on the market, we can expect two situations to develop: 1) breakdown of support 3017 - 3013, if the structure of the descending triangle on the local timeframe will be preserved. The target will be the support of 3000, 2981. 2) Or, the price will close inside the range with the target of consolidation between 3057 - 3033 - 3013 (consolidation of forces after a strong fall and liquidation) Regards RLinda!
FX:XAUUSDShort
by RLinda
10
XRPUSDT → The bulls won't hold support. Falling to 1.9BINANCE:XRPUSDT is under pressure despite quite positive news. The coin, being in a downtrend, continues to test the key support. The chance of a breakdown is growing XRP continues to test a strong support zone on the weekly timeframe, relative to this zone, in the medium term, two scenarios can develop, which depend on the general mood in the market. If the current backdrop persists, the chance of a downside breakdown and further decline is quite high. At the moment, the focus is on the key support at 2.0637, relative to which the retests continue, and the reaction is getting weaker and weaker, which in general only increases the chances of a further fall to 1.9 - 1.63. Resistance levels: 2.265, 2.365, 2.509 Support levels: 2.0637, 1.9 The cryptocurrency market is going through bad times (Tariff War, high inflation, stock market decline, disappointment of the crypto community due to expectations) and until the situation starts to change, the technical picture will remain negative. XRP may continue its fall after a small correction. Regards R. Linda!
Short
by RLinda
23
CADJPY → Consolidation before the news. DowntrendFX:CADJPY continues to forge a downtrend, but within the current movement a symmetrical triangle of accumulative nature is forming The currency pair may continue its decline due to the strengthening of the Japanese Yen, while the Canadian is consolidating in a narrow range. The situation may be accelerated by today's news, namely Trump's speech, where he may announce new tariff measures. Technically, the price is correcting after the false break of 103.56, being below the previously broken upside support. Price is testing key resistance at 104.90, and against 0.5 Fibo is forming a false breakout. A consolidation below 104.69, a break of 104.525 could trigger further decline. Resistance levels: 104.900, 105.36, 105.74 Support levels: 104.525, 103.56 There are important news ahead, high volatility is possible, especially at the moment of Trump's speech, which may set a medium-term tone in the market. The currency pair is in consolidation on the background of the downtrend and the priority is to expect a continuation of the fall Regards R. Linda!
Short
by RLinda
2