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Support and Resistance

Comprehensive analysis of FLR Cycles HWC = falling trend MWC = downtrend with weakness LWC= no trend Because our MWC is weak, we can look for a long position And since our HWC is bearish, we can also look for short positions lWC has no effect either Only our risk management and the way we set stop loss should be different We are in the box in the one-hour time frame So we can take our position with the failure of support and resistance For long position:📈 Breaking the trend line = entering earlier and riskier Resistance break = 0.1319 risky Resistance break = 0.1347 = later but safer You can choose according to your personality and strategy For shorts position:📉 failure 0.01298 I don't see any more entries If you want me to analyze a coin, tell me in the comment🫡 ⚠️ Do capital management to survive ⚠️
by parsa_xa
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
GOLD → Fundamental Swing. What to expect from gold?FX:XAUUSD updates the low to 2643. The reason - change of fundamental background and outflow of funds to safer assets... But, Powell supported the metal by lowering the US interest rate.... Overall, the fundamental backdrop for gold has changed to negative. The impact is not short-term and can only increase further, but the metal will be supported by the Chinese market and the Middle East conflict. Yesterday gold strengthened to 2710, testing key resistance on the back of 0.25% interest rate cut. Powell gave a hint that the Feds are generally willing to continue the easing course. The environment is quite interesting... Technically, gold is in a local descending channel and below 0.5 Fibo. If the bears keep the 0.5 - 0.7 fibo zone under their control, gold may continue to weaken towards 2650 - 2600. Resistance levels: 2696, 2714, 2720 Support levels: 2685, 2652 Technically, after a busy week, the metal may go into a consolidation phase, for example in the area of 2714 - 2685, but it is still worth paying attention to resistance and support from which strong moves can be formed... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
XAUUSD - Gold after the FOMC?Gold is located between EMA200 and EMA50 in the 4H timeframe. Gold reached its analysis target of the previous day. In case of upward correction due to today's economic data, we can see supply zone and sell within that zone with appropriate risk reward. The downward correction of gold has led to the visibility of the demand zone and it is possible to look for buying positions. It should be noted that both buying and selling positions will be short-term. The Federal Reserve reduced its interest rate by 0.25%, aligning with market expectations, bringing the total rate down from 5% to 4.75%. In the Federal Open Market Committee (FOMC) statement, a line mentioning increased confidence in inflation returning to target was removed, initially prompting markets to react hawkishly. However, Fed Chair Jerome Powell quickly downplayed this change, stating that it held no special significance. In his remarks, Powell assessed the U.S. economic outlook as positive and indicated that the Fed would continue with its contractionary monetary policies. He noted that inflationary pressures are easing and that the inflation rate is gradually nearing the 2% target. Powell emphasized the importance of reducing the risk of an economic recession and thus stressed that the Fed’s approach would remain cautious to ensure economic growth and labor market stability, with interest rates managed in a controlled manner. During the press conference following the Fed meeting, a reporter asked Powell if he would resign if asked by Donald Trump. Powell replied simply and firmly: “No.” Meanwhile, according to The Wall Street Journal, sources close to Trump have stated that there is still no organized plan to end the war in Ukraine, nor is there any clear idea on how to convince Vladimir Putin and Volodymyr Zelensky to agree to negotiate. One idea under discussion involves Ukraine agreeing not to join NATO for the next 20 years. In exchange, the United States would continue providing extensive military aid to Ukraine as part of a strategy to deter Russia from further aggression.
FOREXCOM:XAUUSD
by Ali_PSND
Silver Short-Term Analysis for 08/11/2024Disclaimer: This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions. Time Frame: 4-hour Market Analysis: The 4-hour XAGUSD chart exhibits a bearish trend, with the Relative Strength Index (RSI) indicating a slight oversold condition. Key Levels: POC (Daily Point of Control): 30.59 Order Block (Lower Target): 28.90 - 28.72 Resistance: 32.74 Local Support: 30.12 Trading Bias: The price is retesting the strong support level at 31.47. If it holds, the price may move upward to 32.75 (POC). Conversely: A break below 30.12 (local low) could send the price to 30.80 (previous low). If 30.81 holds as support, the trend may turn more bearish, potentially dipping to 28.92 - 28.72.
OANDA:XAGUSD
by avatarfreak
Brent - Oil waiting for new tensions?!Brent oil is above EMA200 and EMA50 in the 4H time frame and is moving in its upward channel. At the bottom of the rising channel, which is also at the intersection with the demand zone, we will look for oil buying positions. If the upward trend continues, it is possible to look for oil selling positions within the specified supply zone. Israel plans to use U.S. military aid funds for purchasing new fighter jets. According to the Times of Israel, the United States has deployed additional F-15E fighters to the Middle East, especially to Jordan, due to a possible Iranian attack on Israel. Iranian leaders have warned of a “punitive” attack in response to previous Israeli assaults. Additionally, reports indicate that the United States has sent several B-52 bombers and THAAD missile defense systems to the region. Prolonged tensions in the Middle East could create significant risks for energy prices. Other upward risks include lower-than-expected North American oil production, increased competition for liquefied natural gas shipments, and higher-than-anticipated coal and natural gas consumption in Asia. Conversely, notable downward risks for energy prices also exist, particularly if the OPEC+ supply cuts end sooner than expected. This could lead to an oversupply of oil as well as slower-than-anticipated economic growth, including in China. The World Bank, maintaining a bearish outlook on the energy sector, forecasts a 6% decline in oil prices in 2025 and a 2% decline in 2026. Although geopolitical uncertainties may generate market volatility, analysts clearly foresee downside risks for oil. Citibank has projected that a second term for Donald Trump could exert downward pressure on oil prices through 2025, forecasting Brent crude to average $60 per barrel. Trump’s policies might reduce OPEC+ production and ease geopolitical tensions. These policies may also have mixed effects on global economic growth, potentially slowing global oil demand growth. However, the immediate impact on physical oil markets is expected to be limited.
BLACKBULL:BRENTLong
by Ali_PSND
Is the DXY dollar index ready for a correction ? H4 08.11.2024💸 Is the DXY dollar index ready for a correction ⁉️ Looking back to 2016 when Trump first became US President, the dollar index initially reacted with a sharp rise and then a prolonged fall. I wonder if history will repeat itself again or if the market will take his second presidency more calmly in the distance. DXY formed a sellers' zone at 104.80-105.16, but the far resistance zone at 106 remains intact. It's not a sure thing that it will get there, but I keep the option in my head just in case. The priority for me is to fall from the nearest sellers' zone with the targets of 103.30 and lower to 102.30. I will specify in the process. TVC:DXY
TVC:DXYShort
by KovachTrader
Analysis of Strides Pharma (NSE: STAR) - 30-Minute TimeframeHead and Shoulders Pattern: The chart shows a completed head and shoulders pattern, which is typically a bearish reversal pattern indicating a potential decline after an uptrend. The pattern has been completed with the left shoulder, head, and right shoulder visible, followed by a drop confirming the neckline break. Double Bottom Formation: Below the head and shoulders pattern, there is a double bottom pattern (labeled as "Bottom 1" and "Bottom 2"). This pattern suggests that after the decline, the stock found support around the ₹1,450 level and began to rise, indicating a potential reversal from bearish to bullish. The breakout above the neckline of the double bottom is an early bullish signal. Bullish Flag: Currently, the stock is forming a bullish flag pattern, which often suggests continuation after an initial uptrend. This is a consolidation phase before a possible breakout to higher levels. The breakout from this flag could target higher levels around ₹1,600-₹1,650 as marked on the chart. Targets: Short-term Target: If the stock breaks out of the bullish flag, the immediate target is around ₹1,600. Extended Target: With sustained momentum, further targets could be around ₹1,650 and ultimately ₹1,725. Support and Resistance: Support Levels: ₹1,500 acts as an immediate support level. Resistance Levels: The primary resistance is around ₹1,600, with further resistance at ₹1,650. Volume Analysis: Volume analysis indicates a notable increase during the breakout from the double bottom, confirming buying interest. Watch for volume spikes accompanying any breakout from the bullish flag for confirmation. Fundamental Analysis of Strides Pharma Company Overview: Strides Pharma is a prominent player in the pharmaceutical industry, focusing on the development and manufacturing of generics and complex products. The company has a strong presence in regulated markets, including the U.S., Europe, and Australia. Revenue and Earnings: The company has shown steady revenue growth, supported by new product launches and expanding market share. However, earnings can be volatile due to pricing pressures in the U.S. generics market and regulatory changes. Recent quarters have shown signs of recovery in margins due to cost optimization and new high-margin product launches. R&D and Product Pipeline: Strides Pharma invests significantly in research and development, focusing on niche and complex generics that offer competitive advantages and higher margins. This focus positions the company well for future growth in both established and emerging markets. Financial Health: The company maintains a balanced debt-to-equity ratio, but investors should monitor any increase in debt levels, especially for capital expenditure and expansion. Positive cash flow trends in recent quarters have strengthened its financial position, aiding in further R&D investments and market expansion. Sector Outlook: The pharmaceutical sector has strong tailwinds with growing global demand for generic drugs, especially in emerging markets. Strides Pharma, with its broad portfolio and strategic focus, is well-placed to benefit from these trends. Conclusion: Technical Outlook: Strides Pharma is showing a bullish setup with a completed double bottom and a current bullish flag pattern. A breakout from the flag could lead to targets at ₹1,600 and potentially ₹1,725 if the momentum continues. Fundamental Outlook: The company has solid fundamentals, supported by its strategic focus on complex generics and a growing product pipeline. While revenue growth is steady, investors should be aware of market-specific risks such as regulatory challenges.
NSE:STARLong
by TheWealthyInvestorbyDSAB
DJT a winner in life. A winner in the market? Hello Traders, Quite obvious large wedge pattern emerging here, with price action sitting on a solid support. If it breaks support below shown on the chart, we will more likely than not, come down between $10 & $11. This would have course be our best entry point. Could it happen? OF COURSE, this is why we do TA! It is to assure we have a plan for all possibilities and minimize risk along the way! That being said, where price action is currently, we could very likely start next week with a green candle and continue it through mid week and if so my plan is to start buying some contracts If the week closes green. Possibly a few if we get two green closes M & T. it’s very likely to break out in the next month or two. Maybe within another 1-2 weeks. If we see a solid green candle close next week. In addition, look at that massive sell volume that couldn’t even break support. My money is on the bounce and then breakout here where we stand! Best of luck and always follow the path of less resistance and have a plan for a diverging outcome! This is law if you want to be consistently profitable! Stay Profitable, Savvys
NASDAQ:DJTLong
by Crypto_Kinfolk
6
Is Gold's correction over?In my recent analyses, I warned that a significant correction in Gold prices was inevitable. True to this prediction, the election of Donald Trump triggered a sharp 1,000-pip drop in Gold's value. However, yesterday, the market rebounded strongly, recovering 700 pips from that initial decline. The big question now is whether this correction has run its course. In my view, we may have reached a bottom, and Gold could be poised to resume its overall uptrend. I’m currently looking for buying opportunities on dips.
OANDA:XAUUSDLong
by Mihai_Iacob