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Support and Resistance

S&P 500 Analysis: Approaching All-Time High with Critical LevelsS&P 500 Analysis The price has risen approximately 1.00% since yesterday, driven by strong earnings results. It is currently aiming to reach the (ATH) of 6100. A pullback to 6073 and 6051 is likely if the price stabilizes below this level. However, if a 4-hour candle closes above 6100, the bullish trend is expected to continue, targeting 6143. Key Levels: Pivot Point: 6100 Resistance Levels: 6120, 6143 Support Levels: 6073, 6051, 6020 Trend Outlook: Bullish if the ATH of 6100 is broken. Bearish while the price remains below 6100. previous idea:
OANDA:SPX500USD
by SroshMayi
2
XAUUSD NEW SIGNALHello everyone Right now market is moving sideways on 30min time frame we can see strong support and resistance We have to wait for it to be break for confirm trade we have two scenarios 1) If candle break and close above our resistance and the next candle breaks its high then we can buy long 2) Or If any candle break and close below our support and the next candle breaks its low then we can sell short Always remember to follow proper money management Risk 10% of your trade GOOD LUCK
OANDA:XAUUSD
by Paw_Trades_Official
2
SILVER at Key Resistance Zone – Potential Correction Ahead?OANDA:XAGUSD is at a significant resistance zone. This level that has previously served as strong resistance. Price action within this zone suggests the possibility of a reversal if sellers regain control. The market structure points to potential trend exhaustion, with buyers losing momentum as the pair moves closer to this resistance area. If the price confirms a rejection from this zone, signaled by bearish candlestick patterns (e.g., bearish engulfing or long wicks), I anticipate a downward move toward the 30.44094 level. This target is realistic level for a potential correction.
OANDA:XAGUSDShort
by DanieIM
1
BTC/USD RangeboundAccording to technical studies on the daily chart, Bitcoin versus the US dollar (BTC/USD) is now consolidating between support from US$91,591 and US$108,396. US$100,000 remains a widely watched barrier within the consolidation, along with the 50-day SMA at US$97,615. Despite the ranging action, BTC/USD is entrenched in a bullish trend with a clear upside bias. Consequently, should price action gain a foothold off US$100,000 as support, all-time highs could be on the table.
FPMARKETS:BTCUSDLong
by FPMarkets
SUI NEXT MVOE HERE SUI/USDT Technical Analysis Market Structure The FVG/USDT chart displays an interesting ascending channel pattern that has been developing over the past several weeks. This type of pattern is characterized by a series of higher highs and higher lows, which suggests strong bullish momentum in the market. EXIT IF #SUI *** BREAKOUT SUPPORT LINE ANE RETEST AGAIN *** RE-BUY ZONE : $2.4 - $2.6 THEN TP1 : $3.5 TP2 : $4.2 It's crucial to note that the cryptocurrency market is highly volatile, and proper risk management is essential. Always conduct your own thorough research and analysis before making any trading decisions.
Short
by Supachai-Taechapisit
Good closing by Nifty signaling chances of revival. We got a closing by Nifty today above 23200 levels at 23205 which has confirmed the chances of Revival. Two minor and 2 major hurdles remain in front of it right now before we can confirm that bear run is over. The minor resistance in front of Nifty now are 23270 and 23424. These are not strong resistances however any resistance can not be taken lightly when FII sell is selling like there is no tomorrow. after we get a closing above 23424 there will be father and Mother line resistances at 23652 and 23825. These 2 will be major resistances. Post we get a closing above 23825, 24000 and 24203 will me major hurdles. Only a closing above 24203 will bring bulls out of ICU. So we have a long way to go before complete revival. Today we have gained an important additional support near 23090. Supports on the lower side for Nifty will be at 22935 (This is a strong trend line support.) Below 22935 the supports is at 22425. Tomorrow will be an important day. If we get a positive closing tomorrow the momentum can be carried forward into the next week. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
MELANI- Chart - Identifying Bearish Trend and Potential TradeMELANIA/USDT Chart Analysis Greetings, let's take a closer look at the MELANIA/USDT chart and unpack the key details: Overview The chart displays an interesting pattern - a clear descending channel formation with lower lows and lower highs over the past few days. This suggests a strong bearish momentum in the MELANIA MEME. Key Levels 1. Resistance: The yellow descending trendline acts as a key resistance level. Breaking above this trendline could signal a potential trend reversal. 2. Support: The zone around $2.65 appears to be an important support area. A break below this could lead to further downside. 3. Stop Loss: Given the bearish structure, a stop loss order placed slightly above the previous swing high at $2.5 would be prudent. Price Targets 1. TP1: $6.3 - This level represents the 61.8% Fibonacci retracement of the recent downswing. 2. TP2: $7.2 - This is the 78.6% Fibonacci retracement, which is a common target for bullish reversals. Trading Strategy Based on the current chart structure, a bearish bias is warranted. A potential trading opportunity could be: Entry: Short on a break below the $2.6 - $2.8 support zone. Stop Loss: Slightly above the previous swing high at $2.5 Take Profit 1: $6.3 Take Profit 2: $7.2 It's important to note that the crypto market is highly volatile, so proper risk management is crucial. Always do your own research and analysis before making any trading decisions.
Long
by Supachai-Taechapisit
DeGRAM | EURJPY fixed over the channelEURJPY is above the descending channel between the trend lines. The price is moving from the dynamic support and has already consolidated above the descending channel. The chart retains the harmonic pattern and is now testing the 62% retracement level. We expect the growth to continue after consolidation above the resistance level. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
Long
by DeGRAM
7
NZD/CAD - Clear view on the next step!Hi guys today we would be looking into the NZD/CAD which has been performing in a specific pattern, around the support and resistance areas , currently we reached the overviewed in the chart resistance area, and we would be looking into retesting the previous support area. Entry: 0.81450 Target: 0.80500 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Short
by DG55Capital
AUDCHF at Key Resistance: Bearish Bounce ExpectedOANDA:AUDCHF reached a significant resistance zone marked by previous price rejections and strong seller activity. The current market structure suggests the potential for a bearish bounce at this level if sellers regain control. I anticipate that if the price confirms a rejection from this resistance zone, the market may move downward toward the 0.56595 support level. If you have any additional insights or agree with this analysis, feel free to share your thoughts in the comments!"
Short
by DanieIM
7
GBPJPY THURSDAY CHART UPDATES!🔥 Attention traders! 💥 GBPJPY is skyrocketing, setting new records with precision! 🚀 Here’s the scoop: 🔎 GBPJPY Insight: 📉 Locked in an intense battle between 192.5 and 192.7🤔 Is a breakout on the verge? ⬇️ Bearish Forecast: ⚠️ Stay vigilant for potential declines if it drops below the range! 🎯 Targets: 192.250, 192.000 ⬆️ Bullish Forecast: 🚀 Look for buying opportunities if it pushes above! 🎯 Targets: 192.750. 🗣️ Join the Chat: 💡 Share your insights as we navigate this sterling journey! 💬 Let's reach new pinnacles together! 📈🌟
by GOLD_TREND_GURU
2
THE KOG REPORT - UpdateEnd of day update from us here at KOG: We wanted a deeper pull back to be honest but only managed that 2745 level before the push up. Since then we've only managed scalps on the red boxes with an Excalibur target active but volume thinning out over the last few hours. We have drawn a box with the potential range, key level support at 2740 and resistance 2785-90, ideally wanting this to break above the red box and confirm it wants to go higher. This range here however is playing the 20/10 range so until then we can't make any further moves. Our ideal entry level was 2750 which some took and are now protected, otherwise support 2750 if broken look for 2740 and a potential tap and bounce. KOG’s bias of the week: Bullish above 2680-5 with targets above 2720✅, 2730✅, 2735 and above that 2745✅ Bearish on break of 2780 with targets below 2670 and below that 2766 RED BOX TRADERS: Break above 2704 for 2710✅, 2716✅, 2735✅ and 2733✅ in extension of the move Break below 2695 for 2788, 2682, 2680 and 2665 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
19
UPDATE ON EUR/USD ANALYSISEUR/USD 4H - Back with an update for you all, as you can see the analysis I sent out on this market yesterday around 11am has played out just as we wanted it to. I am now sitting on my hands waiting patiently for price to trade us down and into the Demand Zone below deeming us a valid entry. As you all know an entry will come from a penetration and a rejection to the upside. The trade above is running + 56 pips. (+ 3.5%) 3.5RR A big well done to anyone who shorted this market yesterday afternoon after the analysis that was sent out, I will be waiting now for price to trade us down and into a valid area of Demand before trading long. We want to see that penetration, rejection to the upside and for price to deliver us with some relevant breaks to the upside suggesting the end of the correction and the start of the next impulse.
Long
by Lukegforex
XLMUSDT → Attempt to change the local trendBINANCE:XLMUSDT is entering the correction phase after attempting to forge an uptrend. Price is breaking support due to the change in market nastreonium and bitcoin correction. Bitcoin is moving into a correction, which is generally creating pressure for the already weak altcoin market. The reason is disappointment from the cryptocurrency community due to the lack of hints about cryptocurrencies in the new President Trump's speech. The market is trying to digest this fact as part of a correction. XLM is technically breaking the ascending support inside the global descending channel, meaning that the pressure on the market from the bears is still present. Support levels: 0.4177, 0.3896 Resistance levels: 0.460, 0.4955 The focus is on the previously broken channel boundary and the support level at 0.4177. The price may still test the previously broken channel boundary before falling further. But, a breakdown and consolidation of the price below 0.4177 may provoke sales. Regards R. Linda!
Short
by RLinda
5
Short-Term Red Flags for Gold: Key Levels to WatchAs you know, I’ve been bullish on Gold for the past two weeks, anticipating a rise to around 2760 and potentially a new all-time high (ATH). However, while my overall bullish outlook remains unchanged, there are some short-term red flags to consider. Looking at the posted chart, we can see that yesterday, Gold broke above the channel’s resistance. Typically, such a breakout would lead to upward acceleration, at least in theory. Instead, the price touched the 2763 resistance level and then began rolling back down. If Gold breaks back below the previously broken resistance, we could see a retest of the lower boundary of the channel, which sits around 2720 (a confluence support zone roughly 300 pips below current levels). In conclusion, unless bulls can successfully push above 2760, the likelihood of a correction increases. While it’s a risky play, aggressive traders might consider shorting the market under these conditions.
OANDA:XAUUSDShort
by Mihai_Iacob
8
TRUMP at Key Support Level: Will It Bounce or Break Below?BINANCE:TRUMPUSDT is trading near a key support level that previously acted as a foundation for bullish momentum. The recent price action indicates that this area may serve as a strong demand zone. If bullish confirmation appears, such as increased buying volume or candlestick reversal patterns, I expect the price to move toward 42.00$. Conversely, a break below this support would weaken the bullish scenario and suggest further downside. Traders should monitor this level closely and use proper risk management to navigate potential market volatility.
Long
by TrendDiva
4