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Support and Resistance

LINKUSDT → Consolidation. One step away from a rally?BINANCE:LINKUSDT entered a consolidation phase after breaking out of a downward channel. This is a fairly positive sign that buyers are building up momentum ahead of a possible breakout of resistance. Exit from the downward price channel, distribution, and transition of the market to a consolidation phase: 15.275 - 14.400. Bitcoin is forming positive dynamics, which supports altcoins. The local alt season may continue if Bitcoin continues to grow after breaking through 95K. If LINK breaks through the resistance level of 15.275, this move could trigger further growth Resistance levels: 15.275, 15.942 Support levels: 14.400, 14.266 At the moment, the mood of altcoins depends on Bitcoin, as it is receiving support amid positive fundamental data in the US and the global economy. However, for LINK, the focus is on the current consolidation. If the resistance level is not broken on the first attempt, it may happen during the next retest. Before that, the price may test the consolidation support with a false breakdown, which could create an imbalance in favor of buyers, only increasing the chances of growth and a breakout of resistance, provided, of course, that the overall bullish trend continues. Best regards, R. Linda!
Long
by RLinda
3
Doubletop suppressionVS multi-bottom support Entry at key pointsGold rose sharply in the U.S. market yesterday, and the daily line finally closed the Yang cross star, approaching the end of the monthly line. Recently, it has been a yin-yang cycle sweep pattern. Therefore, today we need to be careful to prevent the market from falling back and then closing in the negative range. The wide sweeping range remains at 3370-3270. If the position is broken, look at the unilateral direction. In the 4H cycle, the continuous positive pattern breaks through the mid-track, and the short-term trend is stronger. , but Bollinger has not opened his mouth, and is not optimistic about the breakthrough range. The short-term support is around 3315, which is also yesterday's low point. If it falls below, it will go to 3302. Therefore, today's operation will continue to grasp the key positions. The upper pressure will focus on 3354 and 3370, and the lower support will focus on 3315 and 3300. Go high and low in the range! Do high-altitude and low-multiple in the range! Operation suggestion: Buy gold near 3305-3300, look at 3320 and 3345!
OANDA:XAUUSDLong
by TP_Daniel5
GOLD ANALYSISIn this analysis we're focusing on 1H time frame for Gold. Today I'm expecting bullish momentum and my bias was bullish. On the basis of SMC concept and price action when price reach my zone and give any bullish confirmation, after observing strong confirmation. I'll trigger my trades. Let's see what happens and which opportunity market will give us. This is a higher time frame outlook. Let's analyze more deeply in smaller time frame for finding ideal and crucial entry point. Confirmation is very important. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis. #XAUUSD 1H Technical Analysis Expected Move.
FX:XAUUSDLong
by TradeTacticsreal
4/29 Gold Trading SignalsThe buy orders initiated around 3273 yesterday have already delivered solid profits. After a slight rally at today’s opening, gold prices have pulled back. Currently, the candlestick formation shows no clear directional trend, while some short-term technical indicators are pointing downward. Before any corrective signals appear, we need to closely watch the support near 3306. As long as this level holds, the short-term bullish momentum still has a chance to continue. On the news side, today's scheduled data releases are of minor impact. Focus instead on developments regarding the India-Pakistan situation and US Treasury Secretary Bessent’s press conference. If geopolitical tensions escalate, gold may break out to new highs. 🔹 Today's Trading Strategy: Sell within 3407-3428 zone Buy within 3258-3223 zone Flexibly trade between 3346-3313 / 3378-3336 / 3273-3316 zones Please manage your positions carefully and stay alert for unexpected market moves.
FOREXCOM:XAUUSDShort
by China_MsWang
Gold Market Outlook - Gold BearishGold is currently in a consolidation phase, trading within a range of $3,280 to $3,360. We are closely monitoring for a breakout in either direction. Based on current technical analysis, there is a higher probability of a downside breakout below the support level of $3,280. If this support is breached, we may see the following downside targets: Target 1: $3,270 Target 2: $3,260 Target 3: $3,250 Target 4: $3,240 Traders are advised to plan their positions accordingly, keeping risk management in focus.
OANDA:XAUUSDShort
by shroffakshar
CADCHF – 4H Timeframe (H4) Technical & Fundamental AnalysisCADCHF – 4H Timeframe (H4) Technical & Fundamental Analysis The Bank of Canada maintained its policy interest rate at 2.75% in April 2025, opting for caution amid global economic uncertainties. Looking at the CADCHF 4-hour chart, The pair is exhibiting a potential shift in momentum after a prolonged selling phase. Price reached a significant low around 0.58400, where it formed a Triple Bottom pattern — a classic reversal signal. This technical structure was followed by a break above the minor resistance level at 0.59500, marking a clear Change of Character (CHOCH) that signals emerging bullish sentiment. Currently, price is showing signs of accumulation within a liquidity zone. If a liquidity grab or stop-hunt occurs inside this area, it could set up for a breakout continuation. A potential area of interest lies around 0.59530 (possible breakout point), with risk managed below 0.59010 if liquidity forms. A longer-term target aligns with the next major resistance zone around 0.60690. This setup reflects evolving market structure and buyer interest, supported by strengthening fundamentals favoring CAD. Fundamentals Supporting CAD: Easing U.S.–China Trade Tensions: Recent comments from U.S. Treasury Secretary Scott Bessent suggested a likely de-escalation of tariff disputes, lifting global risk sentiment and supporting commodity currencies like CAD. Oil Price Recovery: Oil prices climbed nearly 2% to $64.31 per barrel, reinforcing CAD strength given Canada’s heavy reliance on energy exports. BoC Policy Stability: The Bank of Canada held its benchmark rate at 2.75% in April 2025, citing external risks but expressing confidence in domestic resilience. This policy stance supports financial stability while remaining responsive to global developments. Fundamentals Weakening CHF: Dovish SNB Stance: The Swiss National Bank signaled no rush to tighten policy despite lingering inflation, which undermines CHF’s yield appeal. Weak Domestic Data: Disappointing Swiss retail sales and declining manufacturing output have raised concerns over economic momentum. Diminished Safe-Haven Demand: As global risk appetite improves, investor demand for traditional safe-haven currencies like CHF has softened. 📌 Disclaimer: This is not financial advice. As always, wait for proper confirmation before executing trades. Manage your risk wisely and trade what you see, not what you feel.
Long
by RebornFXTrader
Emerging Swing Trade OpportunityHello, GBPUSD sees more downside as the dollar stays strong as doubts about fed rate cuts grow so the UK struggles to find a way out of the market slump that it is currently in.Early gains of +0.15% were seen as the USD came under pressure late in NY, following a +0.05% close. Trump advisors considering gradual tariff hikes led to USD selling in late NY. A survey shows UK firms reduced headcount late last year in response to a tax hike. Mixed daily momentum studies and expanding 21-day Bollinger bands are noted in charts. The 5, 10, and 21-DMAs are sliding, with weeklies remaining bearish, indicating a strong negative slip. The focus is on testing the 1.2038 low from October 2023, followed by the 1.1805 low in March 2023. Friday's high of 1.2322 and the well-tested 1.2465 21 DMA are the first resistance levels. Bulls need a close above the 1.2465 21-DMA to gain excitement. A swing trade opportunity is emerging, with strong daily and weekly resistance at 1.226201/1.241555 which have to confirm upside along the way and act as supports. Ultimately, we want the monthly initial support at 1.24809 to hold, ensuring a guaranteed upside. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Long
by TradeWithTheTrend3344
NZD/USD: Confidence Boost Signals Potential ReversalHello, OANDA:NZDUSD : Business confidence in New Zealand improved in the fourth quarter, reaching its highest level since Q2 2021, according to a private think tank on Tuesday. The NZIER's quarterly survey showed that a net 16% of firms expect better business conditions, compared to just 1% expressing pessimism in the previous quarter. This suggests we may see further support tests before a potential bullish reversal. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Long
by TradeWithTheTrend3344
Canadian Dollar Rises Amid Tariff Concerns and Oil GainsHello, FX:USDCAD : The Canadian dollar slightly rose against the U.S. dollar, with bond yields reaching multi-month highs, partly recovering from recent declines due to U.S. trade tariff threats. The loonie traded at 1.4405 to the U.S. dollar, recovering from a near 5-year low in December. Concerns about potential U.S. tariffs and their impact on the Bank of Canada have influenced the market. Despite strong job data in December, investor confidence in further BoC rate cuts has waned. Speculators have increased bearish bets on the Canadian dollar. Meanwhile, the U.S. dollar gained against major currencies as expectations for Federal Reserve rate cuts diminished. Oil prices rose 2.9% to $78.82 per barrel due to anticipated U.S. sanctions on Russian oil. The Canadian 10-year yield increased to 3.507%, marking its highest level since July 9. For this pair a bearish reversal is still anticipated in the near future! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Short
by TradeWithTheTrend3344
USDJPY InsightHello to all our subscribers! Please share your personal opinions in the comments. Don’t forget to hit the booster and subscribe! Key Points - Former U.S. Treasury Secretary Scott Bessent said in an interview with CNBC, “Since China exports five times more to the U.S. than the U.S. does to China, I believe the easing of tensions is up to China.” - Chinese Foreign Ministry spokesperson Guo Jia-kun denied Trump’s claim of a phone call with President Xi Jinping, saying, “As far as I know, there has been no phone call between the two leaders.” - The Dallas Federal Reserve reported that the general business activity index for Texas manufacturing in April plunged by 19.5 points from the previous month to -35.8. The U.S. Treasury also announced that, excluding the impact of the debt ceiling, its second-quarter borrowing estimate would be $53 billion lower than previously forecast. Key Economic Events This Week + April 29: U.S. March JOLTS Report + April 30: Germany Q1 GDP, Germany April Consumer Price Index, U.S. April ADP Non-Farm Employment Change, U.S. March Core PCE Price Index + May 1: Bank of Japan Interest Rate Decision + May 2: Eurozone April Consumer Price Index, U.S. April Non-Farm Payrolls, U.S. April Unemployment Rate USDJPY Chart Analysis The price rose up to the 144 level but faced resistance in that zone as expected. In the short term, a small range between 140 and 144 is likely to form. With the current pullback, we expect a retest of the support level near 140. If this level holds, another upward move toward 144 can be anticipated. The future direction will be determined by whether the pair breaks out of this range to the upside or downside.
Short
by shawntime_academy
USD/JPY Bulls Charging: Can 144.88 Launch the Next Rally?Hello, USD/JPY: Bulls Charging Up — Bigger Upside in Sight! Current View: USD/JPY bounced strongly from 140.00 and bulls are aiming for a bigger breakout. Momentum is building, and if key support levels hold, we could see much higher prices soon. 🔥 Why We’re Bullish: Strong rebound from 140.00 support. Price pushing against the 144.00 resistance and 38.2% Fibonacci retracement. A break above 144.00 would unlock bigger upside potential. Fundamentals (U.S. growth + possible BOJ disappointment) favor USD strength. 📈 Bullish Roadmap: Level Action Next Target 144.00 Breakout and hold needed Move toward 144.881 144.881 (Important) If it holds as support, bullish continuation Rally towards 1M Pivot @ 149.266 149.266 If it holds as support, next move higher Push towards 1Y Pivot @ 152.9069 150.39–152.573 (Caution) 1M resistance zone — watch for possible pullbacks If cleared: Full bullish extension Aim for Final Target: 155.135 🗓 Events to Watch: BOJ Policy Meeting → Potential for yen weakness if BOJ disappoints. U.S. GDP + Non-Farm Payrolls → Could boost USD strength. ⚡ Quick Visual Flow: ➡️ Break above 144.00 ➡️ Hold 144.881 as support ➡️ Target 149.266 ➡️ Break through resistance at 150.39–152.573 ➡️ Target 152.9069 ➡️ Final goal: 155.135 ⚠️ Key Cautions: 150.39–152.573 is a major resistance area; expect possible profit-taking or heavy battles here. If 144.881 fails to hold, short-term pullbacks to 140.00 could reappear — manage stops accordingly. TL;DR: ✅ Bulls are strong. ✅ Watch 144.00 breakout and 144.881 support hold for bigger upside. ✅ Long-term targets: 149.266 → 152.9069 → 155.135, if major resistance breaks cleanly. ⚡ Stay updated on BOJ and U.S. data for confirmation! The Support and Resistance outlined in green and red are the respective support/resistance for this pair currently for 1M-1Y timeframes! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Long
by TradeWithTheTrend3344