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Trend Lines

EURUSD → Consolidation “flag”. Willingness to go below...FX:EURUSD is forming a consolidation in the “flag” format, the purpose of which, in the current situation, is to accumulate the potential for continuation of the trend... Fundamental background is still negative. On D1 we can clearly see the consolidation below the key level of 1.0600 after a strong fall. There is no proper and logical reaction in the form of a pullback. Accordingly, based on this we can conclude that the dynamics and strength of the buyer is not enough to reverse the local situation. The dollar is starting the recovery phase again, which may put pressure on the euro. Technically, the emphasis on consolidation “flag”. The exit of the price from the boundaries of this channel will provoke further movement. Resistance levels: 1.0606 Support levels: 1.0521, 1.044 It is not worth trading inside the flag. The exception is a retest of resistance. Opening an order is acceptable after a false breakout. But, the emphasis is on 1.052. Breakout and fixing of the price below this zone can strengthen the fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
4
HelenP. I Gold will rebound from trend line and grow to $2700Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price started to decline inside the downward channel, where it fell to the resistance level, which coincided with the resistance zone. Price some time traded in this area and later broke the 2735 level, after which dropped to almost the support line of the channel, after which turned around and rose to the resistance line, and then continued to decline next. In a short time, the price fell to the support level, which coincided with the support zone and then bounced up, after which rose a little up and then continued to decline, breaking the 2595 level. Gold later reached the trend line and then turned around and started to grow, exiting from the downward channel. Price soon grew to the 2595 level, broke it again, and continued to move up near the trend line. To this day, the price continues to grow near this line, and I expect that XAUUSD will rebound from the trend line and start to grow to 2700 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
2
GOLD (XAUUSD): Wait For ConfirmationUpdate on Gold 📈 The setup we posted earlier is no longer valid as the Gold price failed to break the neckline of the double top. Now it appears that Gold may be getting ready for a bullish trend. Analyzing the 4-hour time frame, we spotted a descending resistance trend line and a confirmed break above it. The key level for buyers to overcome is the support range of 2638 - 2655 on the 4-hour time frame. If this level is broken and closed above, it will indicate a strong bullish signal. Subsequently, a bullish trend could extend to at least 2700.
TVC:GOLD
by linofx1
4
Treasury yields at a crossroads? The implications for marketsThe long end of the US Treasury curve has been influential for FX markets recently. The rolling 10-day correlation between US 10-year yields with the DXY, EUR/USD, GBP/USD, and USD/JPY is either strongly positive or negative. Even gold shows a notable -0.73 correlation, highlighting the influence of long bonds on broader markets. Given the inverse relationship between bond yields and prices, it’s no surprise that the correlation between 10-year yields and 10-year Treasury futures (shown in orange, left-hand pane) has been nearly perfectly negative over the past two weeks. In terms of directional risks for yields moving forward, the right-hand pane showing US 10-year Treasury note futures is instructive. The price remains in a downtrend, repeatedly rejected since being established October. If this trend persists, it signals lower prices and higher yields. That said, with the bullish hammer candle from the lows last week, coupled with RSI (14) and MACD which are providing bullish signals on momentum, you get the sense we may be in the early stages of a turning point. If we were to see the price break the downtrend, resistance may be encountered at 113’00, a level that’s been tested from both sides in recent weeks. If that were to give way, it points to an environment of a softer US dollar and kinder conditions for longer duration assets and commodities. Good luck! DS
Editors' picks
CBOT:TN1!Education
by FOREXcom
1
GOLD (XAUUSD): Your Trading Plan For Today GOLD is currently trading in a unique area where a horizontal supply area has been recently broken and there is also a falling trend line. I anticipate a bearish accumulation in this specific area. To confirm a short position, look for a double top formation on the 1-hour time frame with a neckline between 2626 and 2620. Wait for a bearish breakout with an hourly candle closing below this level, then sell on a retest. The target for this trade will be 2592. If the price breaks above this zone, the setup will no longer be valid.
TVC:GOLDShort
by linofx1
1
Gold Price Analysis: Key Levels and Potential MovementsGold Technical Analysis The price has approached a key resistance level of around 26,412 before retreating. A further decline is anticipated, potentially reaching 26,212. If a 4-hour or 1-hour candle closes below this level, the price may continue to drop, targeting 25,888. Conversely, if the price reverses and stabilizes above 26,444, it would signal a bullish trend, with potential upside movement toward 26,777. Key Levels: Pivot Point: 2625 Support Levels: 2612, 2588, 2558 Resistance Levels: 2644, 2660, 2677 Trend Outlook: - Bearish by stability below 2625 and 2612 - Bullish above 2644
OANDA:XAUUSDShort
by SroshMayi
1
HelenP. I Bitcoin will fall to trend line and then continue riseHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price rebounded from the trend line and in a short time rose to support 2, which coincided with the support zone. After which, the price some time traded in the support zone and later broke the second support level (75800) and started to trades near it. Then price bounced and started to grow to support 1, which coincided with one more support zone. When BTC reached this level, it entered to support zone, but at once bounced down, after which tried to back up. Soon, the price broke 1st support level ( 89000), but later it turned around and made a correction movement below this level, breaking the support level again. Next, the price continued to trades between the 89000 support level until it broke it one more time and rose a little higher than the support zone. After this, the price made a correction to the trend line and then continued to move up. Now, I expect that BTCUSDT will fall to the trend line and then rebound up. That's why I set my goal at 96100 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
GOLD → Are the bears in doubt? Resistance aheadFX:XAUUSD strengthens to 2625, jeopardizing the local downtrend. Fundamentally, the situation is complicated, as well as technically... The metal price is actively influenced by the escalated geopolitical situation between Russia and Ukraine. The market is also watching the Middle East, as despite the reduced news flow, the situation is still tense. In addition, expectations of additional stimulus measures from China also favor the growth of prices for this metal. It is still unclear whether gold will be able to hold on to the bullish momentum as the price is approaching strong resistance and traders are cautious as they await new signals on the Fed's interest rate outlook. Technically, as the price is still within the boundaries of the local descending channel, it is worth considering selling from strong zones and levels. The situation will change when the price breaks (it is not a fact) the channel resistance... Resistance levels: 2626, 2643 Support levels: 2604, 2590 Most likely, the market seeks to test the resistance, relative to which a stalemate situation is forming due to the mixed fundamental background. A false break of 2643-2626 will strengthen the selling and bring us back to the downside. But an unexpected resistance breakout will bring back the buyers' motivation Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
4
SHIBUSDT Up Trend ContinuationSHIBUSDT recently surged after breaking out from a consolidation zone, reaching the resistance area at 0.00003 before pulling back. Currently, the price is moving sideways, forming a range as it approaches the upward trendline. This narrowing price action may lead to a breakout and potentially another price surge. The market may dip below the previous week's low to take liquidity before moving higher. The target is the resistance zone around 0.00003
Long
by RTED_Investing
Key Levels and Trend Outlook for US30Technical Analysis The price is currently trading within a range of 43,350 to 43,430. A 1-hour or 4-hour candle close above 43,490 would confirm a bullish trend, with potential targets at 43,750 and 43,900. Conversely, a break below 43,210 would signal a bearish trend, with the price likely to move toward 42,780. Key Levels: Pivot Point: 43350 Resistance Levels: 43490, 43750, 43900 Support Levels: 43210, 43050, 42970 Trend Outlook: Bearish Under 43210 Bullish Above 43430
OANDA:US30USDLong
by SroshMayi
Technical and Nvidia Earnings: Key Levels and Strategic InsightTechnical Analysis The price has stabilized within the bullish zone, targeting 20,860 and 20,990, provided it remains above 20,655. A retest is possible within the range of 20,655 to 20,550. For a bearish trend to emerge, the price must break below 20,550. Nvidia Earnings and Strategic Importance As NVIDIA (NVDA) gears up to release its third-quarter earnings, the company is projected to report $0.74 per share and generate $32.81 billion in revenue. Key Levels: Pivot Point: 20660 Resistance Levels: 20860, 20990, 21080 Support Levels: 20550, 20330, 20150 Trend Outlook: Bearish below 20550 Bullish while above 20660
OANDA:NAS100USDLong
by SroshMayi
GOLD / Reversed to Upward, or yet!GOLD Technical Analysis The price has moved upward, and a break above 2612 would signal the continuation of the bullish trend toward 2644. Should the price surpass 2644 with a confirmed 4-hour or 1-hour candle close above, it is likely to advance further to 2660 and 2677. Beyond these levels, a bearish trend could emerge if the price stabilizes below them. The bearish zone will be activated if the price breaks below 2612, confirmed by a 4-hour candle close beneath this level. Key levels: Pivot Point: 2634 Support Levels: 2625, 2612, 2588 Resistance Levels: 2644, 2660, 2677 Trend Outlook: - Bearish by stability below 2612 - Bullish while above 2612
OANDA:XAUUSDLong
by SroshMayi
AUDJPY Elliott Wave Analysishello friends In the AUDJPY currency pair, we see the formation of a 5-wave pattern in the dominant wave (B). Before these 5-waves, we see a strong downward movement. which we call wave (A). These 5 waves have modified the previous powerful movement, and the corrective movements are always more complicated and time-consuming than their previous wave. Therefore, it is more likely that the price will return to its original movement. Therefore, with the hypothesis of continued downward movement, we are waiting for the break of the trend line drawn at the 5-wave bottom (wave B) and with the break and pullback, we can enter into a sale transaction. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Short
by M_Gheysvandi