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Support_and_resistance

GBPCAD - Potential Buy From Key Support ZoneThe GBPCAD pair is approaching a significant demand zone, highlighted by prior price reactions and a strong historical support area. The market structure suggests the potential for a reversal at this level. The overall context indicates that buyers may take control, pushing the price higher. I anticipate that if the price shows a clear rejection from the demand zone, the market may move upward toward the 1.77372 level. This setup aligns with the idea of trend exhaustion near support. If you have any additional insights or agree with this analysis, feel free to share your thoughts!
Long
by DanieIM
NZDCAD - Potential Buy From Key Support ZoneThe NZDCAD pair is approaching a significant demand zone marked by prior price reactions. This area aligns with a key support level, and the market structure hints at a potential reversal. The overall context suggests that buyers may take control at this level, leading to an upward move. I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 0.81446 level. This setup aligns with the idea of trend exhaustion near support. If you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
EURCAD - Potential Sell From Resistance ZoneEURCAD is testing a major resistance zone that has previously led to significant bearish reversals. The recent bullish momentum into this area increases the likelihood of seller interest. If bearish confirmation emerges, such as rejection wicks, bearish engulfing candles, or increased selling volume, I anticipate a move toward 1.48608. However, a breakout above this resistance could signal further bullish continuation. Traders should remain cautious and wait for clear signals of rejection before taking positions. Agree with this analysis? Let’s discuss further in the comments section!
Short
by TrendDiva
1
FRA40 at Critical Resistance Zone: Bearish Move Ahead?FX:FRA40 is currently trading within a significant resistance zone. This area has previously acted as a turning point, suggesting the potential for a bearish reversal if sellers regain control. The current price action indicates that the market is testing this resistance zone, and any signs of rejection, such as bearish candlestick patterns or wicks signaling supply absorption, could confirm a potential move to the downside. If the resistance holds, I anticipate a downward move toward the 7,573.08 level, which is a logical target for potential profit-taking.
FX:FRA40Short
by DanieIM
11
AUDHUF Testing Key Demand Zone: Bullish Bounce Ahead?PEPPERSTONE:AUDHUF is currently trading within a significant demand zone, marked by historical price reactions and a concentration of buyer activity. This area has previously acted as a strong support level, suggesting the potential for a bullish reversal if buyers regain control. The current price action indicates the market is testing this demand zone, and signs of bullish momentum, such as bullish candlestick patterns or a higher low formation, could confirm a potential upward move. If the demand zone holds, I anticipate a move toward the 248.570 level, which is a logical target for short-term bullish momentum.
Long
by DanieIM
EURUSD at Key Resistance - Will it Drop to 1.03628?EURUSD is at a critical resistance zone that has consistently acted as a barrier for bullish momentum. This area aligns with prior supply levels and may attract seller interest. If rejection patterns, such as bearish engulfing candles or long upper wicks, appear, I anticipate a move toward 1.03628. Conversely, a break above this resistance could indicate a shift in sentiment. Traders should monitor this zone closely and wait for confirmation before entering short positions. If you have anything to add or a different perspective, I’d love to hear from you in the comments!
Short
by TrendDiva
GOLD at Key Resistance Zone – Potential Bearish CorrectionGOLD is at a significant resistance zone, marked by historical price rejections and heightened interest from sellers in the past. If the price confirms a rejection from this resistance level, I anticipate a short-term bearish move toward the 2,692.88 level, which represents a logical target within the current market structure. This setup aligns with the expectation of a correction after a sharp rally into resistance. Traders should monitor this zone closely for rejection signals, such as bearish candlestick formations or increased selling pressure, to confirm the likelihood of a pullback.
OANDA:XAUUSDShort
by DanieIM
1
GBPCHF at Key Support – Bullish Bounce ExpectedGBPCHF is approaching a key demand zone, marked by historical price reactions and strong buying pressure in the past. This area has consistently acted as a turning point, where buyers regained control, driving prices higher. There is a high probability of a bullish reversal if price action confirms buying pressure (e.g., bullish engulfing candles or long lower wicks signaling rejection). I anticipate a bullish move toward the 1.11691 level, which represents a logical target within the current market structure.
Long
by DanieIM
1
NZDJPY at Key Support – Bullish Reversal LikelyNZDJPY is trading at a key demand zone, marked by previous price rejections and strong buying interest. This area has consistently acted as a turning point, where buyers regained control and pushed prices higher. The recent bearish move has brought the price into this critical support area. Given the strength of the demand zone, there is a high probability of a bullish reversal if price action confirms buying pressure (e.g., bullish engulfing candles or long lower wicks signaling rejection). I anticipate a bullish move toward the 88.40 level, which represents a logical target for this setup based on prior resistance. This setup aligns with the expectation of a short-term recovery within the broader market context.
Long
by DanieIM
3
USDZAR Bearish Setup: Break and RetestThe USDZAR pair has broken below the channel, signaling a shift in market sentiment toward bearish momentum. The price is currently retesting the trendline, which now serves as a potential resistance area. If the price confirms rejection at the retest of the trendline, I anticipate a bearish move targeting the 18.66384 level, which represents a logical target for this setup. This setup highlights the potential for a trendline break-and-retest continuation to the downside. Traders should look for bearish confirmation signals, such as bearish engulfing candles or rejection wicks, before considering short positions.
Short
by DanieIM
1
USOIL Bearish Setup: Reversal from Supply ZoneUSOIL is at a significant supply zone, marked by historical price rejections and strong selling pressure in the past. This zone has previously acted as a turning point, where sellers regained control, driving prices lower. The recent bullish rally has pushed the price into this critical resistance area. However, given the strength of this supply zone and the overextended bullish move, there is a high probability of a bearish reversal if price action confirms rejection (e.g., bearish engulfing candles or long upper wicks signaling selling pressure). I anticipate a bearish move toward the 75.50 level, which represents a logical target for this setup.This setup aligns with the expectation of a potential correction within the broader market context. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
TVC:USOILShort
by DanieIM
MSFT – Potential Buy Opportunity at Support LevelThe MSFT stock price is approaching a key demand zone, which has served as strong support in the past. This zone has witnessed significant buyer interest during previous tests, making it a critical area to watch for a potential reversal. The current downtrend could find support in this demand zone, leading to a bullish bounce. If the price shows clear reversal signals, such as long lower wicks or bullish engulfing candles, buyers could push the price higher. The first potential target for this move would be around the $433.25 level. What do you think about this analysis? Feel free to share your insights or alternative perspectives in the comments!
NASDAQ:MSFTLong
by DanieIM
USDZAR - Potential Short from Key Resistance ZoneThe USDZAR pair is currently trading near a significant resistance zone around the 19.10300 level. Historically, this area has acted as a key turning point, where sellers have stepped in to push prices lower. The recent approach toward this resistance suggests a potential bearish scenario if price action confirms a rejection. A clear rejection pattern, such as bearish engulfing candles, long upper wicks, or other signs of selling pressure, could indicate the start of a downward move. If this scenario unfolds, the price may head toward the 18.62617 target level, aligning with a potential corrective phase in the market. This setup reflects the broader expectation of a pullback within the existing market structure. Traders should closely monitor price action at the resistance zone for confirmation signals before entering positions. Feel free to share your thoughts or any additional insights!
Short
by TrendDiva
CADCHF - Potential Sell From Key Resistance ZoneThe CADCHF pair is approaching a significant supply zone, marked by historical price rejections and strong resistance levels. The current market structure suggests the potential for a reversal at this level if sellers regain control. I anticipate that if the price confirms a rejection from this supply zone, the market may move downward toward the 0.63128 level. This setup aligns with the idea of trend exhaustion near resistance. If you have any additional insights or agree with this analysis, feel free to share your thoughts!
Short
by DanieIM
XAUUSD - Gold Testing Resistance LevelGOLD is approaching a key resistance zone, which has historically acted as a strong supply area. This zone has previously seen significant price rejections, suggesting that sellers may step in again if the price reaches this level. The current market structure shows a bullish move toward this resistance zone, but the momentum may begin to fade as it tests the upper boundaries. If the price confirms a rejection at this resistance zone with clear bearish signals, such as wicks or bearish engulfing candles, we could see a potential downward move. I anticipate that, upon rejection, the price may head lower toward the $2669 level. This setup aligns with the idea of trend exhaustion near resistance, providing an opportunity for a short-term correction. Let me know your thoughts or if you have any additional insights regarding this setup! Feel free to share in the comments!
ICMARKETS:XAUUSDShort
by DanieIM
EURCZK: Potential Sell Setup at ResistanceOANDA:EURCZK is at a key resistance zone that aligns with prior price rejections and key supply levels. This area has historically attracted strong selling interest, making it a critical point to watch. If bearish confirmation appears, such as strong upper wicks or bearish candlestick patterns, I anticipate a move toward 25.17333. Conversely, a break above this level could signal further upside and invalidate the bearish setup. Traders should carefully evaluate price action at this zone before entering positions.
Short
by DanieIM
1
NOKJPY - Buy Setup from Key SupportFOREXCOM:NOKJPY is currently at a significant demand zone that has historically attracted buyers, triggering bullish reversals. This support level has been pivotal in past price actions, forming a solid base for potential upward momentum. The appearance of a strong bullish candle reinforces the setup, suggesting the likelihood of an upward movement, with a target around 13.7785. However, if the support level is breached, the bullish sentiment could fade, allowing for a possible decline. Traders should remain alert in this zone for signs of buyer strength before taking long positions. Proper risk management is critical to mitigate the risk of losses.
Long
by TrendDiva
2
USDCHF – Potential Bearish Continuation Toward SupportThe USDCHF pair has broken below a key ascending trendline, signaling a potential shift in momentum. This move aligns with a bearish bias, suggesting that price action may now head lower. If the price retraces back to the broken trendline or nearby resistance levels and forms bearish confirmations—such as rejection patterns, bearish engulfing candles, or long upper wicks, it could reinforce the likelihood of further downside movement. Should this scenario materialize, sellers may target the 0.90484 level as the next area of interest. A sustained breakdown below this support zone could pave the way for continued bearish pressure. However, traders should remain cautious. A break back above the resistance zone or strong bullish momentum could invalidate this outlook.
Short
by TrendDiva
1
BTCUSD | Testing Major Resistance Zone – Will Sellers Take ContrCOINBASE:BTCUSD is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, resulting in prior reversals. If the price confirms a rejection through bearish price action, such as wicks signaling rejection or bearish engulfing candles, I anticipate a move downward toward the $101,793 level. However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
COINBASE:BTCUSDShort
by DanieIM
5
BTC at major Resistance Zone? Will it drop to 102,100 $?COINBASE:BTCUSD is trading in a robust resistance zone that aligns with prior price rejections and key supply levels. This area has in the past attracted strong selling interest, making it a critical point to watch. If bearish confirmation appears, such as strong upper wicks or bearish candlestick patterns, I anticipate a move toward 102,100. Conversely, a break above this level could signal further upside and invalidate the bearish setup. Traders should carefully evaluate price action at this zone before entering positions. Do you see this playing out similarly? Let’s discuss in the comments below!
COINBASE:BTCUSDShort
by TrendDiva
5