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Parallelchannels

USD/CAD: the beauty of price action. What's the next HTF target?Taking a look at the 4h-timeframe chart, we may observe how the price has bounced off the 1.35040 area of support that has been identified on the graph. Afterwards, some consolidation moves kicked in that were followed by an impulsive push to the upside. Right after the impulsive leg got printed, the correctional phase kicked in and the price got driven all the way down to the 1.359 area of support that lines up with the 61.8% Fibonacci retracement level. Later, we may notice how bullish moves kicked in and are currently running the price to the upside. Considering both technical and fundamental sentiments, we are pretty confident in the fact that the price will keep rising and reach the key area of resistance that is plotted on the graphic.
Long
by Investroy
11
🎁BUY AUDUSD at the best place and price🚀🔰You can see the analysis of Australian dollar to US dollar in one hour time frame (AUDUSD_ 1H) 🔍🧨 💥Considering that the price was able to break the Down trend line🖤 and pullback🧡 to it three times, and also considering the price movement in a bullish parallel channel💜, if the price can reach the DEMAND zone, it can experience an increase up to the SUPPLY1 zone🚀🔺 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 _______📈TRADER STREET📉_______
Long
by TRADER_STREET
EUR/USD: bearish continuation. When to enter SELL positions?Looking at the overall picture, we can notice the rejection and the formation of a top on the 0.986 - 0.987 area of resistance. This move can be described as the re-test of the area that was penetrated on the 6th of October. Now, zooming into lower-timeframe charts and observing the current situation, it can be inferred that the price is currently rejecting the lower boundary of the ascending channel formed. Moreover, the upcoming move will most likely serve as a correction of the recent impulse. We are closely observing the situation and eyeing the area plotted on the graph for probable short positions. Our target will be set at the higher-timeframe LL zone. Though, considering the current position of the USD, we believe that the price has a potential to push even lower.
Short
by Investroy
15
💢BUY GBPAUD🌟🔰You can see the analysis of the British pound to Australian dollar currency pair in the one-hour time frame (GBPAUD_ 1H) 🔍✨ 🎈As it is clear from the picture, the price is moving in a Bullish parallel channel🖤 If the price can break the Down trend line💜 and stabilize❗ above it, it can experience an upward trend to Resistance🧡 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 _______📈TRADER STREET📉______
Long
by TRADER_STREET
🌟BUY NZDCAD; it's time to buy 🔥❗🔰You can see the analysis of the New Zealand dollar to Canadian dollar currency pair in the 30-minute time frame (NZDCAD_ 30min) 🔍🧨 💥The price is moving in a Bullish parallel channel💜 If the price can break the Down trend line🖤 and then pullback❗ to the area where the intersection of the DEMAND zone and the bottom line of the Bullish parallel channel💜 (dynamic support) and the support caused by the broken Down trend line🖤, it can experience an upward🔺 trend until Resistance🧡🚀 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ______📈TRADER STREET📉______
Long
by TRADER_STREET
2
[10/07] Beast Trading _ Today's NASDAQ analysis Beast Trading _ Today's NASDAQ analysis NASDAQ Analysis. First of all, I was able to find a NASDAQ parallel channel that was formed around May 22nd, which is an ascending channel, and you can see it slowly moving upward. (Sky Blue Parallel Channel) But at the end of September, several bad news broke this upward channel, and since then, it has fallen quite strongly, leaving it by 11,000 points. Eventually, it renewed its low point, but after renewing its low point, buying began to gain sharply at the bottom of the yellow falling parallel channel, and it easily surpassed the interruption line. It is currently moving between the top line and the middle line, and it seems possible to climb further if it deviates from the top line. However, from 13750 high to low, it has not yet reached Fibonacci 0.382, and the stock market is still not good. The response was originally important because the intestines are difficult and there are a lot of lateral movements, but it seems that the response is even more important these days. Please follow the important lines I checked in the analysis and check the support/resistance well. The red square line next to it is marked with a collection of support/resistance lines, so please refer to it
U
by BeastTrading_Sehyun
Monero (XMR) above other cryptosI believe that Monero will see a strong appreciation due to its focus on privacy. Lately, the governments of certain countries are hunting the basic freedoms of their citizens... After breaking through a wedge and a resistance line, the price did not fall below the 0.214 retracement: Another point to note is the dominance over other crypto assets. And on the XMR/BTC chart we had important supports tested and not broken, and at first the price has a bullish bias. That's why I have a bullish bias for this asset.
KRAKEN:XMRUSDLong
by andre_007
2
💰SELL USDCAD at the best price 🧨🔥🔰You can see the analysis of the US dollar to Canadian dollar currency pair in the 30-minute time frame (USDCAD_ 30min) 🔍🧨🧨 💥There is a possibility of price movement in a Bearish parallel channel🖤, in which case if the price can reach the SUPPLY zone due to the overlap and intersection of the SUPPLY zone and 78.60% Fibonacci retracement💜 (from points A to B) and the upper line of the Bearish parallel channel🖤 (Resistance dynamic), there is a possibility of a price drop from the mentioned area to the DEMAND1 zone🔻🧐 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ______📈TRADER STREET📉______
Short
by TRADER_STREET
Daily Real Estate ETF [DRV]: 1-Month Forecast Fundamental Perspective: In the past 50 days, the Direxion Daily Real Estate Bear 3X ETF (DRV) has experienced a surge of over 90%. As a leveraged ETF corresponding to the inverse of the Housing Market, this hardly comes as a surprise. In the past two weeks alone, the Federal Reserve raised benchmark interest rates by another 75 basis points in its ongoing struggle to curb inflation, and this has resulted in the mortgage interest rate increasing nearly 7%, adding even more pressure on potential homebuyers who are already struggling to navigate the historically high prices across the country. With 90% of mortgage holders having interest rates below 5%, not many are willing to part with a home, only to purchase a new one at an increased rate of 6.3%. Fueled mainly by this lack of supply, housing prices continue to rise in the short term, further amplifying the strain on the ever-growing housing bubble. Technical Perspective: From a technical standpoint, DRV is currently caught in a cross-current of two opposing channels, shown on the graph in yellow. The larger, ascending channel has been active for nearly a year, while the smaller, descending channel became active late last month when the price of DRV broke through the horizontal resistance of around $60. Examination using a custom, multi-timeframe WaveTrend indicator (coming soon) also indicates that a minor bearish divergence may playout in the second week of October, followed by a more significant bullish divergence that may push the price towards the upper portion of the ascending channel during the first few weeks of November. Note: The forecasted candles (shown in white) are based on lower timeframe fractals on the Heiken Ashi plot. They are intended to demonstrate one possibility of how price may interact with horizontal supports and channel boundaries in the coming month. The pivots in the projected price action have been retrofitted to be consistent with standard channel mechanics and Fibonacci spaced time intervals.
AMEX:DRVLong
by jdehorty