Get started

Supportandresistancezones

TRUM VS GOLDAttention traders! 💥 XAUUSD is on fire, setting new highs with precision! ⚡ Check this out: XAUUSD Insight: 📉 Locked in a fierce contest between 2700 and 2706. 🧐 Is a breakout near? 🔻 Downside Watch: 🔻 Stay cautious for potential drops if it dips below this range! 🎯 Targets: 2696 💹 Upside Watch: 💹 Look for buying signals if it rises above! 🎯 Target 2712, 2716 💬 Engage with Us: 💬 Share your thoughts as we navigate this exciting market! 📢 Let’s achieve greatness together! 🚀✨
OANDA:XAUUSD
by Syed_Fx_Lab
GBPZAR - Potential Long to enterOANDA:GBPZAR is approaching a robust support zone, marked by historical bullish reversals and strong buyer interest. The recent bearish pressure has brought the price into this critical area, creating a potential buying opportunity. I anticipate a move toward 23.1840. However, a breach of this support could invalidate the bullish outlook and lead to further declines. Make sure to carefully assess price action at this level and ensure proper risk management before taking positions. Agree with this analysis? Let’s discuss further in the comments section!
Long
by TrendDiva
1
Analyzing Key Forex Patterns and IndicatorsAnalyzing the SPX500 chart reveals several key patterns and indicators critical for forex trading 1. Support and Resistance Levels: Resistance Zone: The blue-shaded area around the 6,071 level is a significant resistance zone where the price has struggled to break through. Support Level: The horizontal blue line at approximately 5,840 (labeled "SMS") represents a notable support level where buying interest has emerged in the past. 2. Swing High (SH): The red horizontal line marked "SH" around the 6,077 level highlights a failed swing high, indicating a previous peak in price. 3. Price Movements: There is a notable decline from the resistance zone around 6,020 to a low near 5,770, followed by a recovery towards the 6,000 level. 4. Volume: The volume, indicated as "Vol 7.14K" at the top of the chart, provides insight into the trading activity during this period. Potential Effectiveness of this Technical Signals: Resistance Zone: If the price breaks above this level with strong volume, it could signal a bullish trend continuation. However, failure to break through may indicate a reversal or consolidation. Support Level: Maintaining above this support level is crucial for a bullish outlook. A break below could signal a bearish trend and further downside potential which the break has occured. Swing High (SH): The swing high at 6,020 serves as a reference point for potential resistance. Approaching this level again will be a key area for observing either a breakout or a reversal. These technical signals are effective in predicting market movements as they reflect historical price action and trader behavior. However, they may fail due to unexpected news, economic events, or changes in market sentiment that can cause deviations from historical patterns. In summary, the chart offers valuable insights into support and resistance levels, swing highs, and price movements, which are essential for making informed trading decisions in the forex market.
OANDA:SPX500USD
by BFUFX_MARKETS
BAL ANALYSIS📊 #BAL Analysis ✅There is a formation of Descending Channel Pattern in weekly chart. Currently #BAL is in bearish way. After a breakout of the pattern and major resistance level we would see a bullish momentum otherwise the price will drop more 🧐 👀Current Price:  $2.750 ⚡️What to do ? 👀Keep an eye on #BAL price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #BAL  #Cryptocurrency #Breakout #TechnicalAnalysis  #DYOR
by ZEUS_Market_Alerts
AUDCAD after long time, can we see bullishness OANDA:AUDCAD long period of bearishness, personally having long position from Jul. last year i am have already shared one idea on AUDCAD which is still actual and will attach her. What here now we have is long DESCENDING CHANNEL, currently its breaked and we have some bounces on sup zones. Technically picture is strong bullish. Here after long time of bearishness, having strong bullish expectations to start. TO KNOW: We are have and upper DESCENDING CHANNEL(white lines), which is be breaked and price is start falling, currently if we see now bullish push, price is expected to come in "UPPER CHANNEL" if that happens, will share and new idea and will be same with bullish expectations. SUP zone: 0.88900 RES zone: 0.90400, 0.90700, 0.91000
Long
by DepaTrading
CADCHF now having bearish expectations OANDA:CADCHF in analysis on CADCHF before this one, i am have expectations price will make stronger bullish push from ASCENDING CHANNEL, price is make push around 40PIPS and its start creating zone and in zone is created and H&S pattern, at end zone is breaked and after todays events we are not see price moving again bullish in zone (which will have bullish impact), price is start falling. Now in new analysis on CADCHF having bearish view. SUP zone: 0.63500 RES zone: 0.62700, 0.62450
Short
by DepaTrading
SOL as a US reserve? Trump's new idea.Hello everyone, I invite you to a review of SOL paired with USDT over a wide interval of one weekend. As we can see, the price was moving in a downtrend channel from which the top emerged and here you can see how we are staying above this channel. We also have a visible upward trend line along which the price is currently moving to maintain the upward trend. Going further, it is worth noting that the price again returned above the support zone from $203 to $185, and below the zone there is strong support at $165, which kept the price from falling to around $142. Looking the other way, it can be seen that the price first has to face a very strong resistance zone from $238 to $261, only when it manages to break out of it, the path towards $300 will open.
Long
by cryptodailyuk
Intraday Levels for Nasdaq 100 Futures - 01/15/20225This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
Intraday Levels for Nasdaq 100 Futures - 14/01/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
Where & How to Draw Strong Support and Resistance Lines & Zones In this article, I will teach you how to draw support and resistance. We will discuss support and resistance lines, levels, zones. You will learn where and how to find it properly with simply technical analysis technique that works on forex, gold or any other financial market. First, let me note that the most reliable time frame for support and resistance analysis is the daily . The structures that you will find there will be appropriate for day trading, scalping and swing trading. Once you open a daily time frame, you should choose a correct perspective . Because this t.f lets you see the price action even for the past couple of years. You need to see the market movement for the last 2 months . It is more than enough to identify the recent key levels. Above is AUDUSD on a daily. We see the price history for 2 months. In order to identify significant supports and resistances, simply find the levels - the highs and lows that the market respected in the past and from where important movements started. These are all such highs and lows that meet the criteria. When I do the support/resistance analysis, I prefer to perceive it as clusters - the zones , taking into consideration the candle closes as well. A support zone will be based on the level of the critical low and the lowest closest candle close. A resistance zone will be based on the level of the high and the highest closest candle close. Following such a rule, here are the zones that I identified. All the clusters that are identified will be applied as trading zones. Within the supports, we look for buying opportunities. While the resistances will be used for selling . Depending on your trading style, and you choose a proper signal before you execute the trade. Execute support and resistance analysis with care and attention, because it is the absolute basis of any technical analysis strategy. With incorrect key levels identification, even the best trading strategy will fail . I hope that the method that I showed you will help you in your trading journey. ❤️Please, support my work with like, thank you!❤️
FX:XAUUSDEducation
by VasilyTrader
8
USO Bearish Outlook: Sell Opportunity as Momentum Shifts Current Resistance Zone: The price is currently testing a strong resistance zone around the $83 level. in the past, this level has been a turning point for price movements. Potential Reversal: The chart suggests a possible rejection from the resistance zone, with a projected short-term correction to approximately $78.82 . Key Levels: -Resistance: $82.75–$83.25. -Support: $78.82 (highlighted as target). Scenario: After testing the resistance zone, a pullback towards $78.82 is expected, aligning with previous price behavior. A confirmed break above $83 would invalidate this bearish outlook. Note: Always combine technical levels with broader market context and risk management.
AMEX:USOShort
by TrendDiva
AUDNZD: Bearish Setup at Key ResistanceThe currency pair is testing the upper resistance zone following a recovery from previous lows. This movement reflects market hesitation around the key levels, with both buyers and sellers showing strength at different intervals. What does this imply? A decisive move is yet to emerge, but the setup suggests potential bearish momentum in the short term. At present, the price has approached the resistance zone marked between 1.1117 and 1.1150. Historically, this zone has acted as a strong barrier, with sellers often stepping in to push prices lower. The price has yet to break and consolidate above this resistance, making it a critical trigger point for decision-making. I expect a rejection from the resistance zone near 1.1117. A failed attempt to break above this level, followed by bearish price action, could signal a move toward the support at 1.1025. The price may then test the lower consolidation zone around 1.0800 if bearish momentum persists. However, the pair could also be breaking through the resistance zone and consolidating above it. In such a case, the bias could shift toward bullish continuation, with targets set at higher levels.
Short
by TrendDiva
1