Get started

Support

XAUUSD: Gold Maintains Stability Around 2,300 USDGold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark. Based on technical analysis on the 4-hour chart, the Relative Strength Index (RSI) still remains below 50, indicating that the optimism is not yet fully stable. However, there are signs of recovery, with the RSI expected to rise to the Fibonacci 0.5-0.618 range. This presents an opportunity for further price increases, likely to attract the attention of investors.
OANDA:XAUUSD
by Stephen_Anders
10
Analyzing Recent Volatility for USD/JPYUSD/JPY has experienced a period of volatility recently. The recent depreciation of the greenback could provide an opportunity for buyers using the US dollar to step in and prepare for a potentially more profitable journey. Meanwhile, weaker-than-expected non-farm payroll prints from the United States have pushed USD/JPY below 152.00 and witnessed a large influx of buyers using the US dollar to buy at these levels as prices decline. Based on technical analysis, when looking at the chart, it can be observed that the price is still maintaining a downward trend. Clear technical indicators show support for this trend. However, there are still clear signs of correction, and it is expected that prices will recover and rise again, especially towards the SMA 100 area.
by Daisy_Anna
Technical Outlook: Gold Waits Ahead of US NFP DataGold prices did not skyrocket, holding steady around $2,300 amid trading pre US Non-Farm Payrolls (NFP) report. From a technical standpoint, on the daily chart, gold prices are still trading below the Simple Moving Average (SMA) 20 with no significant changes. Furthermore, longer-term moving averages maintain an upward slope but at a slower pace compared to current prices, creating an unclear picture of the market direction. Lastly, technical indicators also fail to provide positive signals, remaining in negative territory with uneven strength, tilting the risk towards further price declines.
OANDA:XAUUSD
by Stephen_Anders
EUR/USD Holds Firm Above 1.0700 Ahead of US Jobs ReportEUR/USD gained traction in the second half of the day on Thursday, maintaining its consolidation phase above 1.0700 into Friday as investors geared up for the highly impactful data release of the week, the April US employment report. Positive shifts in risk sentiment were observed, which exerted downward pressure on the US Dollar during Thursday's US trading session and aided EUR/USD in reversing course to the upside following declines seen during the European trading session. From a technical standpoint, the Relative Strength Index (RSI) on the 4-hour chart continues to hold above 50, and EUR/USD remains steadfast above the Simple Moving Averages (SMA) of 100, 50, and 20. This indicates that the upward trend remains intact and is likely to persist in the near term.
by Stephen_Anders
2
Technical Analysis: Bearish Gold Prices OutlookGold (XAU/USD) is trading with a slight negative trend in the first half of the European trading session on Friday. Traders are currently displaying reluctance and caution ahead of the detailed announcement of monthly employment figures in the United States. The Non-Farm Payrolls (NFP) report is widely known and could significantly impact future policy decisions by the Federal Reserve, thereby determining the next direction for gold prices. From a technical perspective, technical indicators are held at negative levels with uneven strength, creating a tendency towards price declines. On the 4-hour chart, gold is currently trading below the Simple Moving Averages (SMA) 20, 50, and 100, all of which are negative signals for the price trend of this precious metal.
OANDA:XAUUSD
by Lily_Anna
3
EUR/USD: Maintaining Upward Trend Channel !Overal, the EUR/USD pair continues to maintain an upward channel, sustaining stability around the 1.0730 level in the Friday's Asian trading session. This stability is attributed to investors awaiting the April employment report from the United States, which will include non-farm payroll data and the unemployment rate. Looking at the chart, it shows that technical indicators are supporting the upward trend. The Relative Strength Index (RSI) is trading near the 60 level, indicating the strength of the upward trend.
by Daisy_Anna
Gold Price Update: Gold Continues to Show Signs of Recovery!The price of gold fluctuated around $2,300 in Friday's Asian trading session amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. The 4-hour chart indicates that this currency pair is currently evolving below the SMA 20 level, despite a modest rise to the SMA 50 level yesterday. Technical indicators have also rebounded from their initial lows but remain below the moving average line, gradually losing upward momentum.
OANDA:XAUUSD
by Daisy_Anna
BTC/USDT 4HInterval CHART ReviewHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price rebounded from the lower border of the downtrend channel. Let's start by determining the support line and as you can see, the first support in the near future is $57,035, which kept the price from a major correction, if the support is broken, the next support is $54,139. Now let's move on to the resistance line, as you can see the first resistance is $59,506 which we are currently fighting, if you manage to break it, the next resistance will be at $61,380, the third at $62,658 and the fourth at $64,334. Looking at the RSI indicator, there is a rebound, but there is still room for the price to go higher, while the STOCH indicator is also near the middle of the range, which potentially gives room for the price to go up even further.
by cryptodailyuk
GOLD → in a descending channelhello guys... as you can see the descending channel formed and the flip area is in front of the price! the price touched the middle line of the channel as well! I believe you can enter the position after retracement! the target could be 2226$! the flip area is a great area for getting long positions too! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDShort
by melikatrader94
10
EURUSD - Wait For The Impulse 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURUSD has been overall bullish short-term, trading within the rising wedge pattern in blue. Currently, EURUSD is hovering around the lower bound of the wedge pattern. Moreover, it is retesting a strong support zone in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower blue trendline. 📚 As per my trading style: As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
TBH, This Is Getting OldFor the 9th time my ever-important multi-year support/resistance trend-line from 2019 has been broken to the down side, but still with no confirmation. Will this time be different? We won't know until tomorrow's candle close on the daily but after all these head fakes I wouldn't be surprised if this is yet another one. 59,300 is key support for Bitcoin rn. Watch closely. Paid subs, come see what I did with the fear this morning. It will either be a train wreck or you will all have enough cash to pay for 10 years worth of subscriptions if you followed me in. Ha…ha…
INDEX:BTCUSD
by stewdamus
BTC is dragging down, what's next for ETHHello everyone, let's look at the 4H ETH to USDT chart as we can see that the price is moving in a downtrend channel where we could see a bottom breakout from the local uptrend channel. And here the decline itself after leaving the rising channel, reached the 0.318FIB level at the price of $3020, which has just been broken, then there is strong support around $2805, then $2657, and then right at the lower border of the downtrend channel the support level of $2475 . Looking the other way, when the price starts to change the direction of movement, resistance is visible at the level of $3160, then the levels of $3270, $3356, $3468 are important, which is already above the upper limit of the downward trend channel, thanks to which the price will be able to increase to the area $3,770. Looking at the RSI indicator, you can see how energy is being collected and here we are approaching the lower limit, which can affect the trend and reverse it, also the STOCH indicator shows how the energy in the downward movement is exhausted, which may result in maintaining the price or an attempt to change the trend when BTC maintains the price .
by cryptodailyuk
Is LINK getting ready for an upward move?Hello everyone, let's look at the 4H LINK to USDT chart, because you can see how the price is moving in the local downtrend channel, and what's more, you can see a break from the bottom of the uptrend line. Let's start by setting goals for the near future that we can include: T1 = $15 T2 = $15.80 T3 = $16.33 AND T4 = $17.05 Now let's move on to the stop loss in case of further market declines: SL1 = $13.79 SL2 = $13.17 SL3 = $12.41 AND SL4 = $11.78 The RSI indicator shows that we are bouncing off the local downward trend line, which causes the price to rebound again, while the STOCH indicator is constantly moving at the lower border, which may lead to an attempt to rebound the price and exit the channel at the top.
by cryptodailyuk
BNB/USDT 4HInterval Chart ReviewHello everyone, I invite you to a quick review of the BNB to USDT pair chart, taking into account the four-hour interval. As we can see, the price has broken down from the upward trend line, and now we can see that a local downward trend channel has formed. Please note how the price remained in the support zone from $589 to $576, if this support was broken, the support level is still visible at $556 and then around $523. Looking the other way, there is a significant resistance zone from $601 to $606, then the price must go up through the resistance at $621, which will open the way towards $645. When we look at the RSI indicator, we will see a movement in the side trend channel, where we have bounced off the lower border, while the STOCH indicator indicates a potential upward movement, the beginning of which is visible on the chart.
by cryptodailyuk
BTC QUICK UPDATE!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates. Welcome to your BTC/USDT Quick Update! The chart on a lower timeframe shows a breakout from the symmetrical triangle, indicating a potential bearish trend. However, strong support sits at the $59,000-$60,000 level. We might see a bounce from there. If we break below this support, there's a high chance of visiting the $52,000-$53,000 level. What do you think about this? Share your views in the comment section. Thank You!
Short
by CoreCrypto1
KOTAK Bank is going to blast Upside !! Kotak Bank is around Long term Support !! Stock is consolidating since 2020 and has given No returns so far In a rangebound market one should always Buy around the support !! Stock is forming base around 1600-1650 level. Also Stock is around EMA support and on RSI Support on a Weekly Timeframe All these indicating Technically Stock is at good Support Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:KOTAKBANKLong
by FiveCircles
2
GBPUSD Analysis: Trend Trading Opportunity- Trade Strategy: Trend Trading - Sideway Bounce Setup - Key Levels: Key Support at 1.2461, Target at 1.2502 - Profit Potential: 41 pips (410 USD/lot) Analysis: - Trade Strategy: Trend Trading - Sideway Bounce Setup - Key Levels: Key Support at 1.2461, Target at 1.2502 - Profit Potential: 41 pips (410 USD/lot) Trade Plan: - Long Opportunity: Consider going long at 1.2461 for a trend trading opportunity - Take Profit: Set initial target at 1.2502 for a profit potential of 41 pips - Risk Management: Implement effective risk management techniques to manage potential losses Insights: GBPUSD presents a trend trading opportunity with a Sideway Bounce setup, offering a buying opportunity at the Key Support level of 1.2461. Traders can aim for an initial target at 1.2502, providing a profit potential of 41 pips. It's essential to closely monitor price action and adhere to risk management principles for successful trading outcomes. Share your insights and trade plan below! 📈 Capitalize on the trend trading opportunity presented by GBPUSD, leveraging the Sideway Bounce setup for potential profits within the current market conditions!
Long
by RaynLim
(BTC) bitcoin "support & resistance"BTC chart view using RSI support & resistance combined indicator by DGT appears to show a new support price line very near where the price is now. Before this time and the last few days there was nothing but resistance lines for days, months even. The red line basically supplants the fact that there is a new established level to determine where the price may increase from. Typically there can be fears to seeing this line if the investment does not break from the pattern line and rise above. With BTC because the value is so large at over $1.4 trillion USD I'm not sure what to think other than that it's literally making a statement that says BTC is reaching a level of maximum sales and profit buying from investors where the counterbalance is beginning to favor on the side of selling.
BITSTAMP:BTCUSD
by CryptocurrencyBlot