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Support and Resistance

EURUSD Gearing Up for Next Leg Up – DXY Weakens After PPI MissToday, key U.S. economic indexes were released, providing fresh insights into inflationary pressures and the state of the labor market: Core PPI m/m: Actual: 0.1% | Forecast: 0.3% | Previous: -0.4% Lower than expected – suggests weaker underlying producer inflation. PPI m/m: Actual: 0.1% | Forecast: 0.2% | Previous: -0.5% Slight miss – overall inflation at the producer level remains soft. Unemployment Claims: Actual: 248K | Forecast: 242K | Previous: 247K Slightly higher than forecast – signaling some cooling in the labor market. Market Outlook : These data releases point toward cooling inflation and softness in job growth, which may strengthen the dovish narrative around the Fed’s next move. DXY Index ( TVC:DXY ) is under pressure, and EURUSD ( FX:EURUSD ) is showing signs of bullish momentum . ----------------------------------------------------------- Now let's take a look at the EURUSD chart on the 1-hour time frame . EURUSD is trading near the Heavy Resistance zone($1.182-$1.160) and Monthly Resistance(2) . In terms of Elliott Wave theory , EURUSD appears to be completing microwave 4 . Microwave 4 could be completed at one of the Fibonacci levels . I expect EURUSD to attack the Heavy Resistance zone($1.182-$1.160) at least once more after completing microwave 4 and could even rise to the Potential Reversal Zone(PRZ) . Note: If EURUSD touches $1.1446 , we can expect more dump. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
5
XAU/USD Reversal Expected from Demand Zone – Bullish Breakout PoIn this 1H chart of XAU/USD (Gold vs US Dollar), the price has been trading inside a descending channel, gradually approaching a strong demand zone between $3,345 – $3,341, which also aligns with the weekly low. The price recently tested this zone and showed signs of slowing bearish momentum. I anticipate a potential bullish reversal from this area, supported by historical demand reaction and volume activity. The projected price action (illustrated with the W-pattern) suggests a higher probability of a breakout from the channel, targeting: 🎯 TP1: $3,367 (mid-structure & MA test) 🎯 TP2: $3,374.16 (key horizontal level) 🎯 TP3: $3,383.82 (upper resistance & previous support flip) 🛑 SL: Below $3,341 – invalidation of the demand zone This trade idea relies on confirmation via bullish engulfing or rejection wicks around the demand zone with volume uptick. Always wait for a clear entry confirmation before entering the trade. Trade safe and manage your risk.
OANDA:XAUUSDLong
by MKMine23
1
Nifty Chart Analysis – Major Breakout or Breakdown Ahed Assending Triangle Chart pattern in Nifty- Breakout Possible ? As of June 21, 2025, the Nifty 50 index is showing a strong and potentially decisive Ascending Triangle Pattern on the 3-hour time frame. This formation typically indicates a bullish breakout if confirmed with volume. Let’s dive deep into the technical outlook and key levels that traders and investors should watch. Current Market Overview Current Nifty Level: ~25,080 Pattern Identified: Ascending Triangle Time Frame: 3H (Medium-Term to Long-Term Insight) An Ascending Triangle is a bullish continuation pattern formed by a horizontal resistance line and a rising trendline of higher lows. Key Levels to Watch Resistance Zone: Immediate Resistance: 26,280 (All-Time High) Breakout Target 2: 27,280 Breakout Target 3: 28000 (Long-Term) If Nifty breaks above the 26,280 level with strong volume confirmation, the next upward targets will be 27,280 and possibly 28000 , based on the measured move from the triangle height. Support Levels: Latest Support: 24,250 Post-Election Breakout Support: 22,800 Major Support (Election Result Day Low): 21,300 If any major negative trigger (geopolitical or macroeconomic) occurs, a sharp correction can’t be ruled out. The levels mentioned will act as key demand zones. Potential Global Risks While the technical setup is bullish, external risks could spoil the party: Geopolitical Conflicts: Iran vs. Israel India vs. Pakistan China vs. US tensions Macro-Economic Triggers: Spike in Inflation or Crude Oil Prices US Fed Rate Hike Surprises Global Recession Fears In such cases, a steep fall toward 22,800 or even 21,300 may occur. ✅ Conclusion & Strategy The current Nifty setup presents a classic high-reward-low-risk opportunity for long-term traders if a breakout is confirmed. However, caution is advised if global uncertainties increase. Investors should: Wait for a decisive breakout above 26,280 with volume. Maintain a stop-loss around 24,250 on long positions. Consider booking partial profits near resistance levels and re-entering on pullbacks. How Traders Can Prepare for the Next Move Whether a breakout or breakdown happens, traders must: Use proper stop-loss and risk management Wait for volume confirmation Watch for FII/DII activity Combine price action with Data Analysis Important Note: This analysis is based on current chart patterns and known global events. Always use proper risk management and consult with a financial advisor before taking investment decisions. 💬 Like the chart if you found it useful 🗣 Comment your views or questions 👤 Follow us for regular breakout updates 🔁 Share this chart with your trading community and friends who follow Nifty! ✅ Let’s grow together with smart chart analysis and technical strategies.
NSE:NIFTYLong
by manojshinde27
1
Great recovery by Nifty to end the week. Nifty has shown a great recovery to end the week at 25112 despite persisting global uncertainties. This again shows imminent strength of Indian markets and confidence on the local factors by Bulls. Nifty however is now entering a tough resistance zone which starts exactly from 25113 and extends till 25251. Once we get a closing above 25251 the Bulls will try to control the market with more strength. Till that happens it can still go in any direction. The supports for Nifty remain at 24869, 24713, 24480 (Mother line support), 24175 and finally 23838 (Father line support). If any major further global escalation happens during the weekend and we get a closing below 23838 then Bears can become more powerful and they might have potential to push market further down towards 23047 or below. Things hang in balance despite a strong closing on Friday as the shadow of the candle is still neutral. 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. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational 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:NIFTY
by Happy_Candles_Investment
BTC 4H SCALPBTC/USDT Scalp Setup – 4H Chart Entered a scalp position with TP1 aligned at the Fibonacci extension near 105,652. The first take-profit has been secured, and the remainder of the position is being left to ride — no emotional attachment. If invalidated, the trade will be abandoned without hesitation. Technical Overview: Price broke out of the local downtrend channel Watching for a potential green dot on the volume oscillator to confirm upward continuation VMC Cipher B shows early signs of a shift; confirmation is still pending That said, short-term caution is warranted. Bearish Considerations: On the higher timeframes, there’s a visible bearish divergence between price and volume — price continues to push higher, while volume fades, indicating a potential trend exhaustion. Thanks for your support. If you found this idea helpful or insightful, feel free to leave a like or comment, open to your thoughts and perspectives.
Long
by petermichalides
AMAZON TROUBLENASDAQ:AMZN Is currently trading Just 11% below its all time high and currently Facing exhaustion. Amazon is currently trading 217$ range which was previous support now turned resistance (Daily Timeframe) , making a double top pattern and a negative divergence on the RSI. The best Trades are the ones with multiple confirmations - Trading at a resistance (1D chart)✅ - Negative Price Action at the resistance (Double Top Pattern)✅ - RSI negative divergence✅ - Market Structure ✅ Entry Criteria - A Red candle at the entry Line Marked - Stoploss Above the Entry Candle Target 1- 211$ Target 2- 208$ Keep Your Risk Reward Intact! Not An investment Advice
NASDAQ:AMZNShort
by REUBEN_EUSTACE
Bullish Tone, and made a trade based on Pivots amd FVG in comboTrade Analysis (1) Trade Plan: The idea was that the short term trend looked bullish, hence I marked up the key levels and checks to see if the price was at any of the pivot levels. Based on the idea when price crosses the Centre Top Pivot and is above a support . Further more it already visited a recent Bullish.. Hence the price may continue towards R1 above. - (2) Indicators (4 of 5): - Only Pivot and Support lines and FVG (3) Confirmations (3 of 3): - 30 min candle closing well above the TOP Centre Pivot line. (4) Risk Management Plan: - This was little high as it was set to below the end of the Bullish FVG at the bottom. On hindsight i should have waited on my entry for a revisit. However sometimes i don't wait as it does not revisit. (5) Profit Target: - R1 (6) Stop Loss: - Bottom Of FVG (7) Entry: - First Candle after 30 min candle closed above TCP (8) Profit Taking Plan: - (9) Analyzation: - (10) Psychology of the Trade: - (11) Overall Rating: (12) What was Good: - (13) What was Bad: - (14) Improvement Areas: - (15) Rule Broken & Key Takeaways:
Long
by nadeemyj
2