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Support and Resistance

Nikkei to continue in the upward move?NIK225 - 24h expiry Short term RSI has turned positive. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 38750 will confirm the bullish momentum. The measured move target is 39500. We look to Buy at 38500 (stop at 38200) Our profit targets will be 39250 and 39500 Resistance: 39000 / 39250 / 39500 Support: 38500 / 38250 / 38000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225USDLong
by OANDA
FARTCOIN Flipped Key EMA—Is This the Start of a Pump or Trap?Yello Paradisers ! Are we looking at a breakout that could deliver massive upside, or is this just another emotional trap before the next leg down? The market has been ruthless lately, and unless you base your decisions on structure, probability, and proper confirmation, you’re gambling—not trading. Let’s break down this #FARTCOIN setup from a professional standpoint. 💎#FARTCOIN has finally broken above a clearly defined descending resistance trendline, signaling a potential probable shift in short-term momentum. This breakout occurred precisely as the price reclaimed the multi-timeframe EMA —a key dynamic level that has consistently acted as resistance throughout the downtrend. The reclaim and hold above this EMA significantly increase the probability of a short- to mid-term trend reversal, especially as it aligns with an early attempt to build a bullish market structure. 💎Price is now trading just below a minor resistance level. This zone has capped previous upward attempts and is the first level bulls must overcome for continuation. A confirmed 4H/1H or daily candle close above this resistance will open the door to a measured move toward the next key level at $1.20265, with extended upside potential into the major resistance zone between $1.44660 and $1.55099. Should bullish momentum pick up with increasing volume, a Probable upside move becomes a realistic scenario. 💎However, none of this is guaranteed. We're dealing with probabilities, not certainties. The support/resistance flip zone between $0.95949 and $0.90596 now becomes a crucial reference point. A healthy retest of this area could provide a higher-probability long entry, especially if price continues to respect the reclaimed EMA. Below that, the major support zone from $0.80693 to $0.71058 represents a broader demand block. If the price pulls back this far, it may signal the formation of a larger accumulation range rather than immediate continuation. 💎To manage risk effectively, traders must monitor the invalidation level at $0.64616. A 4H candle close below this level would nullify the bullish breakout scenario and increase the probability of renewed bearish control, suggesting the recent breakout was a deviation or fakeout. Stay sharp, Paradisers! Will this be a breakout or a fake-out? Only time—and disciplined trading—will tell! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
Learn Best Change of Character CHoCH Model in Trading with SMC Most of the SMC traders get Change of Character CHoCH WRONG! In this article, I will share with you Change of Character models that have a low accuracy and better to be avoided. I will teach you the best CHoCH model for Forex Gold trading and show you how to identify it easily. Let's start with the basic theory first and discuss what Change of Character signifies. Change of Character in Bearish Trend In a downtrend, Change of Character CHoCH is an important event that signifies a violation of a bearish trend. CHoCH is confirmed when the price breaks and closes above the level of the last lower high. Above, is a text book Change of Character model in a bearish trend. For the newbie traders, such a price action provides a strong signal to buy while it fact it is NOT . One crucial thing is missing in this model to confirm a bullish reversal. According to basic trend analysis rules, we say that the market trend is bullish if the price forms a bullish impulse, retraces and sets a Higher Low HH , forms a new bullish impulse with a new Higher High HH. Only then, we can say that the market is trading in up trend. CHoCH model above confirms a bearish trend violation BUT it does not confirm a trend change. Such a model may easily signify a deeper correction. Look what happened with GBPNZD. Though the price formed a confirmed bearish CHoCH, it was a false signal and just an extended correction. That's a perfect bullish reversal model. It combines CHoCH and conditions for a bullish trend. Such a union is extremely accurate in predicting up movements. Examine a price action on USDJPY. Not only the price formed a confirmed CHoCH but also we see a start of a new bullish trend. Change of Character in Bullish Trend In an uptrend, Change of Character CHoCH is a significant event that signifies a violation of a bullish trend. CHoCH is confirmed when the price breaks and closes below the level of the last higher low. Above is a typical model of a bearish CHoCH. For many traders, that is the signal to open short. However, it is not that accurate and one important component is missing there. According to basic price action rules, the market trend is bearish if the price forms at least 2 bearish impulses with Lower Lows LL and a pullback between them with a Lower High LH. Only when these 3 conditions are met, a bearish trend is confirmed . Perfect bearish Change of Character model should include both CHoCH and a bearish trend price action. That will confirm a violation of a bullish trend and start of a new bearish trend. EURCAD has a very strong potential to continue falling: not only we see a valid bearish Change of Character but also a start of a new bearish trend based on a price action. Next time when you identify CHoCH on forex market, make sure that you check the preceding price action. It will help you to more accurate assess reversal probabilities and make a wiser trading decision. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
1
The current price of gold is 3330-3335, go short directly!Gold rebounded after hitting the bottom of 3295. At present, gold is just a rebound, not enough to reverse directly. Gold rebounds and continues to be short. After all, the daily line has fallen continuously, so the short momentum of gold is still there. In the short term, the rebound of gold is just a repair after oversold. Gold is currently priced at 3330-3335 and is directly short. The 1-hour moving average of gold continues to be arranged in a short position downward. After gold fell below the previous low of 3340 yesterday, gold has not been able to rebound again. In the short term, 3340 has become the key to long and short positions. In the short term, gold rebounds below 3340 and continues to be shorted. If gold breaks through and stabilizes at 3340 again, then gold may start to fluctuate again. Before breaking through 3340, gold is still weak and continues to maintain a short trend.
OANDA:XAUUSDShort
by TP_Daniel
ServiceNow Has Been RestingServiceNow has been resting for months, and now some traders may think the software company is ready to move again. The first pattern on today’s chart is the price area around $960. It was the peak in late April and the low early last month. NOW pulled back to hold that level yesterday and bounced. Second, the 50-day simple moving average swung up to visit the stock as a hammer candlestick formed. That may reflect positive intermediate-term momentum and a halt to the short-term slide. Third, stochastics are turning up from an oversold condition. Finally, Bollinger Band Width recently fell to its lowest reading since 2017. Could that tight price action give way to increased movement? Check out TradingView's The Leap competition sponsored by TradeStation. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:NOW
by TradeStation
Gold is showing potential signs of a bullish reversalGold is showing potential signs of a bullish reversal after a prolonged bearish trend. The price recently rejected strongly from a key resistance level, triggering a sharp internal liquidity sweep followed by a fast downside move. This indicates that smart money may have cleared out weak hands. Resistance zone 3335 / 3360 Support zone 3300 / 3285 Currently, the market appears to be compressing, forming a potential bullish structure. If this consolidation holds and breaks to the upside, it may confirm the beginning of a bullish leg. You may find more details in the chart Ps Support with like and comments for more analysis/
OANDA:XAUUSDLong
by MrMartin_11
1
AUD/JPY at Risk of Breakdown as Bullish Momentum FadesAUD/JPY failed to follow through on a bullish breakout above 94.00, despite initial signs of strength from a bullish hammer and inverted H&S pattern. The pair has since printed a bearish engulfing candle on the daily chart to take prices near the lows of its range of the past week. With the 1-hour RSI (2) hitting oversold levels, a minor bounce is possible, but risks remain skewed to the downside. A break beneath 93.70 would confirm a range breakdown and open the door to a deeper pullback towards the high-volume node (HVN) at 93.85. Matt Simpson, Market Analyst at City Index and Forex.com.
Short
by CityIndex
USDCHF Inverse flag and pole pattern USDCHF Trade Setup – Bearish Flag & Pole Pattern (1H Time Frame) 🔍 Market Overview: Currently observing a bearish flag & pole formation on USDCHF, paired with a bullish FVG retracement. Price is approaching a potential supply zone at 0.81700, presenting a high-probability short opportunity. 📌 Sell Zone: 🔹 Supply Zone: 0.81700 🔹 Stop Loss: Above Bearish Order Block at 0.82300 🎯 Bearish Targets: 1️⃣ First Target: 0.81200 (Demand Zone) 2️⃣ Second Target: 0.80900 (Demand Zone) 3️⃣ Final Target: 0.80600 (Major Support) ✨ Bullish Fair Value Gap remains unfilled at 0.80700 — watch for potential reaction once filled. 📊 Technical Confluence: ✅ Bearish flag & pole ✅ Supply zone reaction ✅ FVG retracement ✅ Multiple demand zones for scaling out profits 📣 Like, Follow, Comment & Join the community for more real-time setups and updates! — Livia 😜 | Trade Smart. Stay Sharp.
Short
by LIVIATRACK
EURAUD → Breakout and consolidation above key supportOANDA:EURAUD is trying to consolidate above the key support zone of 1.76 - 1.77. Within the uptrend, bulls have a fairly good chance. The market continues to break of structure, confirming the bullish sentiment on the chart. A correction is forming from 1.7882. Before rising, the price may test support. The currency pair is supported by its own bullish trend and the falling dollar (especially against the backdrop of economic problems with the USD (DXY)). Technically, the currency pair looks quite positive. After the formation of another ‘bos’, we are seeing a correction to the Fibonacci zone of 0.7 and support at 1.7696. If, during the retest, the bulls manage to hold their ground above the key support level, growth may continue in the medium term. Support levels: 1.7696, 1.7629, 1.7463 Resistance levels: 1.7882, 1.7988 Locally, a reversal pattern is forming relative to the specified zone (as part of a correction). We need to wait for confirmation (price consolidation above the level). The potential within the bullish trend is quite large, and in the medium and long term, the price may test 1.85. Best regards, R. Linda!
Long
by RLinda
4
BTC Consolidates Above Pivot – Bullish Momentum Toward 113,770?BITCOIN OVERVIEW Crypto Breakout or Crash? Powell's July Message Becomes the Deciding Factor Federal Reserve Chair Jerome Powell’s testimony on Capitol Hill has intensified the uncertainty surrounding risk assets. He emphasized that while inflation has eased significantly since mid-2022, it remains “somewhat elevated”, and the Fed is in no rush to shift its policy stance. This leaves markets with a binary outcome: crypto breakout or macro-driven pullback—and July may be the turning point. TECHNICAL OUTLOOK – BTC/USD Bitcoin remains in bullish momentum, having stabilized above the pivot level at 107,750. The price is currently pushing toward the key resistance zone between 108,950 and 110,360. A breakout above this zone would likely lead to continuation toward the next ATH target at 113,770. However, consolidation is expected between 108,950 and 106,320 until a breakout occurs. Key Levels Pivot Line: 107,750 Resistance: 108,950 → 110,360 → 113,770 Support: 106,320 → 104,150
CRYPTO:BTCUSDLong
by SroshMayi
Suppression remains unchanged, the latest layout of gold📰 Impact of news: 1. Powell's testimony 2. Geopolitical impact 📈 Market analysis: The short-term rebound of gold is the release of energy for the accumulated bulls. From the current market trend, 3340 above is the key point of the short-term watershed between bulls and bears. The short-term resistance above is around 3342-3348, and the short-term support below is around 33220-3315. If it falls below this, it will continue to look towards yesterday's low of 3290-3280. The daily level is under pressure and continues to see a decline and adjustment. If it touches 3340-3350 above, you can try to short. After it retreats to 3320-3315 and obtains effective support, you can consider going long. 🏅 Trading strategies: SELL 3340-3350 TP 3330-3320-3315 BUY 3320-3315 TP 3330-3340-3350 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell-2
USNAS100 Technical Setup: Watching 21635 and 21835 LevelsUSNAS100 – Technical Outlook The price has stabilized above the key pivot level at 21635, indicating potential short-term upside toward the resistance at 21835. However, as long as the price trades below 21835, the broader bias remains bearish. A confirmed 1H close below 21635 would reintroduce downside pressure, targeting 21470 and potentially extending toward 21375 and 21250. Pivot Level: 21635 Support: 21470, 21375, 21250 Resistance: 21835, 21930, 22090 previous idea:
OANDA:NAS100USDShort
by SroshMayi
9
Dow Jones Retesting 43,020 | Bullish Bias Intact Above 42,810US30 OVERVIEW Dow Jones Holds Bullish Momentum | Eyes on Retest and Continuation US30 (Dow Jones) remains under bullish pressure, supported by recent macro developments and improving sentiment. The price appears to be forming a retest toward 43,020, which could act as a springboard for further upside. As long as the index trades above 42,810, the bullish trend remains intact, targeting 43,350, and potentially 43,765. However, a confirmed break below 42,810 would shift the outlook to bearish in the short term. Resistance Levels: 43,350 → 43,765 Support Levels: 43,020 → 42,810 Previous idea:
OANDA:US30USDLong
by SroshMayi
EURUSD – Breakout Confirmed, Now Watching for Retest or 4hr ClosEURUSD has officially broken above the key 1.16020 resistance level on the 4hr chart, but price action has since gone stagnant. No strong bullish momentum has followed the break so far — a sign we may be due for a deeper pullback. I remain bullish overall, but I'm watching for two potential scenarios: ✅ Safe Buy: Clean 4hr bullish close above 1.16020 🎯 HRHR Buy: Pullback to the former level of interest at 1.14149 if structure holds Until one of those triggers, I’ll be patient. Let the setup come to you. Overall target remains the 1.18791 zone before reassessing.
Long
by Thetraderscollective
AUDUSD InsightHello to all our subscribers. Please share your personal opinions in the comments. Don’t forget to like and subscribe. Key Points - Fed Chair Jerome Powell, during his testimony before the House, responded to a question regarding Governor Christopher Waller’s suggestion of a possible July rate cut by stating, “There are a range of possible paths. It’s a possible scenario.” However, the overall tone of the testimony emphasized a wait-and-see stance. - While there was some noise around the Israel-Iran conflict, it has been confirmed that a ceasefire was agreed upon. The Israeli side stated, “The focus will shift back to Gaza. We will bring the hostages home and dismantle the Hamas regime.” - Due to the effects of de-dollarization, Australia’s bond market is gaining attention, and Australian government bond yields are on a downward trend. Major Economic Events This Week + June 25: Testimony by Fed Chair Jerome Powell + June 26: U.S. Q1 GDP + June 27: U.S. May PCE Price Index AUDUSD Chart Analysis After a brief pullback, the AUD/USD pair fell to the 0.64000 level but rebounded from that support zone and is now showing an upward trend. A gradual climb is expected to continue, with the anticipated high near the 0.69000 level. However, there is minor resistance around the 0.67000 level, which could lead to a short-term decline, so caution is advised.
Long
by shawntime_academy
GBPJPY making bullish flag patternafter breaking daily resistance level the price is now retesting it if you open the chart on 1Hr tf you will see that price broke that resistance level with quite strong momentum and is retracing and if it gets a bounce from this level and break the flag pattern strongly then there are high chances that price will meet the price projection of flag pattern as there is no divergence and no other major sign of reversal it seems price action will be bullish
Long
by faisal-101
Final hurdle remains to be crossed before Nifty can fly further.One important final hurdle of 25251 remain just in front of Nifty before it can fly further. I can it a final hurdle because it is an important trendline resistance. Last 2 days Nifty has tried to climb above it but we did not get a closing above it yesterday and today as well. Today Nifty made a high of 24266 but closed at 25244. It could not hold on to the ground above 25251. The level is challenging but positive momentum built from today's display might allow it to close above the same. Only time will tell. Closing of this week will be very important. Nifty resistances remain at: 25251, Closing above 25251 will empower Bulls to pull Nifty further upwards towards 25317, 25491 and 25660. Nifty supports remain at: 24999, 24713, 24749 (Mother Line Support), 23875 (Father line support). (Closing below Father line support can bring Bears back into the game). 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