GBPCAD → False breakdown, where do we go from here?FX:GBPCAD is forming a false breakdown of trend support. Against the backdrop of the falling dollar, the pound sterling went into the rally phase, which is favorable for the currency pair.
The fundamental situation is in favor of GBP and CAD against the dollar, which continues its rapid decline.
As part of the correction, the currency pair forms a test of support without the opportunity to continue the downward movement. The maneuver ends with a false breakdown and consolidation above the level (inside the channel). The currency pair may continue the uptrend if the bulls hold the defense above 1.8144 - 1.823
Support levels: 1.81500, 1.79788
Resistance levels: 1.8233, 1.83796
Accordingly, based on the fact that we have an uptrend, a strong currency pair (on the background of a weak dollar) and a false breakdown of support, we can say that the price is not allowed down and it is worth considering an attempt to continue the uptrend.
Regards R. Linda!
Parallel Channel
XRP - Breakout will push the price to 5+ USDPrice got reject around the previous resistance line formed after hitting the new ATH on 2017. After 7 long years XRP was able to hit the previous ATH value.
After getting reject from the ATH XRP is trading inside the channel, a breakout from this channel would push the price to previous ATH and a strong breakout from previous resistance is needed to reach new ATH.
Lets see if the price break the channel.
Cheers!
GreenCrypto
BITCOIN (BTCUSD): Potential Scenarios Ahead of Powell Speech
Bitcoin is consolidating for 5 days within a narrow range on a daily.
Today's Powell speech can be a trigger for a strong bullish/bearish movement.
Depending on the today's rhetorics, here are potential scenarios.
Bullish
If the price breaks and closes above the resistance of the range (86500),
we can expect upward movement to 87500 resistance.
Bearish
If the price breaks and closes below the support of the range (82500),
Bitcoin may drop way lower and reach 79600 level.
Wait for a breakout and then follow the market.
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Euro may correct to support area and then continue to growHello traders, I want share with you my opinion about Euro. The price started its movement inside a tight upward channel, gradually rising from lower levels. After a steady climb, the Euro broke out of the channel with a strong impulse, entering a buyer zone between 1.0870 - 1.0910 points. This zone acted as a strong base, and from there, the pair accelerated upward, eventually reaching the upper boundary of a wide horizontal range. After multiple rejections near the range’s top, the pair finally made a breakout and exited above resistance, confirming the shift in momentum. The growth didn’t stop there - price continued its rally, reaching the current support area between 1.1320 - 1.1280 points, which now aligns with a strong horizontal level at 1.1280 points. This area was successfully retested and defended by buyers. Currently, the price is consolidating slightly above this support, forming a local correction after the recent impulse. As long as this structure holds and the support area remains intact, the bullish pressure is likely to resume. Given the breakout, the strong base from the buyer zone, and the bullish market structure, I expect the Euro to continue growing toward the 1.1550 level, which is marked as my current TP1. Please share this idea with your friends and click Boost 🚀
AUDJPY: Bearish Move From Resistance Confirmed 🇦🇺🇯🇵
There is a high chance that AUDJPY will continue retracing
from the underlined intraday/daily resistance.
As a confirmation, I see a breakout of a neckline of a double top pattern
and a violation of a support line of a rising channel.
With a high probability, the price will retrace at least to 89.9 level.
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Gold Wave Analysis – 16 April 2025- Gold broke resistance zone
- Likely to rise to the resistance level 3300.00
Gold recently broke the resistance zone between the resistance level 3200.00 and the resistance trendline of the daily up channel from January.
The breakout of this resistance zone accelerated the active short-term impulse wave 3, which belongs to the intermediate impulse wave (3) from November.
Given the clear daily uptrend, Gold can be expected to rise to the next resistance level 3300.00, the breakout of which can lead to further gains toward 3400.00.
GBPUSD, Bullish Bias, Fundamental and Technical AnalysisFundamental Analysis
1. Seasonality shows bullish trend in GBP in APR while Bearish in DXY
2. Data shows fundamentally Dollar is getting week.
3. COT data shows decrease in long positions in USD
Technical Analysis
1. Bullish Trend
2. Bullish Channel
3. looking for buy setup at channel bottom
4. Buy of designated levels
5. Sl below channel bottom
6. TP on channel Top
EURJPY strong bearish expectations
OANDA:EURJPY strong bullish expectations i am have, but things will not go like expected..
Currently price in DESCENDING CHANNEL, in moment we are have break of same, but price is make revers in zone and pushing now bearish.
Here now exepcting fall till trend line.
SUP zone: 163.000
RES ozne: 159.500, 158.500
EURJPY still bullish for expect
OANDA:EURJPY strong bullish push we are have on start of month, thoughts are strong bullish volume is gathered and the we can see still here bullish trend.
Currently price is in ASCENDING CHANNEL, expecting to see break of same and new bullish push.
SUP zone: 158.500
RES zone: 164.500
EURO - Price can rise a little more and then start to fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price moved inside a falling channel, slowly declining and bouncing from support to resistance.
Then EUR made a breakout, exited the channel, and started forming a rising wedge with clear bullish acceleration.
After a breakout, the price continued to grow and reached the upper boundary of the wedge pattern on the chart.
Recently Euro touched the resistance zone and showed a bounce from the local top near the wedge's upper edge.
Now it trades inside wedge formation and stays above support area near $1.1145 without strong momentum.
In my opinion, Euro can drop from current levels and reach $1.1150 zone as next support target soon.
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GOLD - Price can rise a little and then correct to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few days ago price traded inside a rising channel, showing steady growth and holding above support levels.
Later, Gold made several breakouts from local resistances and continued to rise within the channel borders.
Eventually price reached the upper edge of the channel and formed a local top around the $3238 level.
Recently, it made a short-term pullback and now trades just above $3165 support zone without momentum.
Currently, Gold stays in the upper part of the range but shows early weakness after a strong bullish rally.
In my opinion, Gold can decline and reach the $3140 support level during the next corrective wave down.
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XAUUSD need some rest and fallWe are looking for dump asap here for gold price already broke resistance channel but i am expecting it will get back in channel and after that with high volume the dump expected to the targets like 2900$.
DISCLAIMER: ((trade based on your own decision))
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Bitcoin Dominance Ascending Channel and Altseason (1W Log)CRYPTOCAP:BTC.D has been in a clean uptrend inside an ascending channel for over 2 years.
• The midline has consistently acted as a magnet, but BTC.D has recently detached from it and might be headed for another retest of the upper boundary.
• Unless major macro catalysts intervene, I expect no notable changes until the 72-73% key area, the same zone that triggered 2021's altseason.
Regarding altseason, this cycle isn't like previous ones. With millions of tokens today, dilution is real, and a full-blown altseason where everything pumps seems unlikely.
Instead, I expect selective rotation into quality projects, and that might actually make it easier to find real outperformance.
Dell Technologies (NYSE: $DELL) Stock Gains on Tariff ReliefDell Technologies Inc. (NYSE: NYSE:DELL ) rose sharply on Monday following the Trump administration’s temporary suspension of tariffs on smartphones, computers, and other electronics. The updated guidance from U.S. Customs and Border Protection late Friday excluded these items from the latest round of reciprocal tariffs, which had raised concerns among tech manufacturers.
Dell shares gained 4%, closing at $85.19, up $3.26 on the day, with a trading volume of 12.35 million shares. The stock had opened at $89.29 and reached a low of $84.01 during the session. The tariff pause, though potentially temporary, has eased pressure on companies that heavily rely on global supply chains. Dell, which produces most of its hardware outside the United States, stands to benefit significantly from the exemption.
JPMorgan analysts commented that the exemption highlights the strategic importance of electronics to American consumers and the economic weight of companies like Dell and Apple. While Apple is accelerating its manufacturing diversification into countries like India and Vietnam, Dell continues to leverage international production capacity to maintain its competitiveness.
Technical Analysis
From a technical perspective, DELL is currently trading within a descending channel that started from its all-time high of $179.70. The recent bounce from a support zone indicates potential short-term support. The price action suggests two likely scenarios: a continued climb toward the upper boundary of the channel near $110, or a pullback to test lower levels around $42, aligned with the bottom of the channel.
The 200-day moving average (86.18) and 100-day (116.72)currently sit above the price, indicating a bearish medium-term trend. However, if DELL holds support around $85.11 and gains momentum, it could challenge the mid-channel resistance and eventually attempt a breakout.
Potential Downtrend in JPMorgan JPMorgan Chase has rallied sharply in recent sessions, but some traders may see downside risk.
The first pattern on today’s chart is the series of lower highs and lower lows since mid-February. JPM is returning near the top of that descending channel. Could another lower high result?
Second, JPM is potentially stalling at the March 31 low of $237.36. Old support may have become new resistance.
Third, prices are stalling around the 21-day exponential moving average.
Next, economic sentiment has recently deteriorated. Mortgage rates are higher, consumer credit growth has slowed, business surveys have missed estimates and confidence measures have weakened. JPM responded by hiking loan-loss reserves in its latest quarterly report. Continuation of those trends may drag on the megabank’s fundamentals.
Finally, JPM is a highly active underlier in the options market, trading about 125,000 contracts per session in the last month. (It ranks 18th in the S&P 500, according to TradeStation data.) That could help traders take positions with calls and puts.
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XLM/USD Main trend. Timeframe 1 week. Channel. Radiant Star of 2218) One of the most “silent” cryptocurrencies. Unlike its fellow clone, pumped up by the community on the ears of pseudo-esoterics (although 589 is not going anywhere, which is, that is, it is not price))))....
Note that past secondary trend reversals are shrinking after significant dips. We are now in the lower zone of the channel, but not at the lowest potential values. Never “catch” the lows and highs, but work most of your position near those values, and you will be happy and relaxed.
I advise you to combine pyramiding (up) + martingale (down), and you won't care where the price goes, because you'll be happy with either direction. It is also rational to protect your profits with stops, but not near intraday volatility.
It is also natural for your peace of mind to forget about two things if you have a mind:
1) Forget margin trading. Work only on spot.
2) Forget the 1 “world's most reliable exchange” (diversification of trading and storage).
Coinmarket: XLM
About the enlightenment: .
1) Instant (less than 3 sec) transactions,
2) Conditionally free transactions $0.000001 (0.00001 XLM micro payments),
3) No network congestion (30 sec refund in case of failed transaction (not to be confused with exchange),
4) Smart contacts and NFT (2022),
5) "Transaction rollback" (this is an advantage, not a disadvantage for real use, not speculation),
6) Support for multi-currency transactions.
7) Interest in XLM blockchain by states.
And much more...
Roughly speaking, all the best worked out solutions from thousands of temporary “faith cryptocurrencies” over the last 10+ years.
Incidentally, many states will be making “transitional” fiat currencies on this blockchain. For example, the long-suffering Ukraine. But then when there will be “total sadness”. Creating a problem—presenting a ready-made solution.
Here's what this important zone looks like on the 1-day timeframe. Key reversal or trend continuation zone.
Breakout of the local symmetrical triangle +10% to the mirror resistance level of 0.2022.
GOLD → Countertrend correction. What to do in this case?FX:XAUUSD , after a bull run, bumps into strong limit resistance at 3244 and enters a correction phase, which is generally a logical maneuver amid strong gains.
Gold corrects from Friday's record $3,245 and moves back to $3,200 amid improving market sentiment and progress in trade talks. The price pared gains after a strong weekly rally, reacting to U.S. concessions on tariffs on Chinese electronics and China's pledges to boost economic stimulus. Additional influences come from the dialog between the US and Iran, as well as the anticipation of China's GDP and trade data for March. Despite the pullback, downside may be limited due to ongoing uncertainty.
Technically, it is worth looking at the 3187 - 3167 conglomerate of support, which can stop (temporarily or even turn the price upward) a strong and sharp decline, as the fundamental backdrop within the tariff war is still tense.
Resistance levels: 3244, 3270
Support levels: 3187, 3174, 3167
The rally is temporarily halted, but there is no talk of a trend reversal, as the tariff war fire is still burning, Trump or Xi Jinping may add to the fire....
Within the framework of counter-trend correction, the emphasis is on the support of 3187, 3174, 3167 from which we can trade a false breakdown and catch the price rebound.
Regards R. Linda!
NZDJPY → Back in range, there's a chance to strengthenFX:NZDJPY is forming a false break of the range support and within the reversal pattern confirms the break of the bearish structure
The fundamental background has been extremely unstable lately and depends on any harsh statements of politicians, mainly related to the trade war.
But, technically, the pair is returning to the range on the background of local market recovery. A false breakdown of the range support is formed.
The break of the bearish structure, the formation of the reversal pattern and the return to the trading range give chances for strengthening of the price. If the bulls hold the defense above 83.7 - 84.2, the currency pair may strengthen to 85.15 - 87.4
Resistance levels: 84.196, 86.15
Support levels: 83.79, 83.31, 82.21
Consolidation above the key support zone may allow the bulls to strengthen the price to the local zone of interest. Global trend is neutral, local trend is upward.
Regards R. Linda!
Buy limit order plan for Gold on 4HGold is performing in assenting parallel channel on daily time frame as will as on 4H time frame. However there is a bearish divergence that indicates the price will go down and will continue the up trend after the correction.
A buy limit order can be setup on 4H time frame.
Entry : 3072.166
Stop Loss : 2954.231
TP1 : 3190.101
TP2 : 3308.036
Bulls Score : 2
Bears Score : 1
gold (update)Hello friends
Due to the price growth, we have given you the analysis that the price will fall and the same thing happened. Now, due to the sharp decline, the price has entered the channel and the 3 specified areas are important support areas for us, where we can buy with risk and capital management and move towards the specified goals.
*Trade safely with us*