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Support and Resistance

AUDJPY Wave Analysis – 21 May 2025 - AUDJPY reversed from key resistance level 95.30 - Likely to fall to support level 92.00 AUDJPY currency pair recently reversed down from the key resistance level 95.30 (which has been reversing the price from the middle of March). The downward reversal from the resistance level 95.30 started the active intermediate correction (B). Given the strength of the resistance level 95.30 and clear daily downtrend, AUDJPY currency pair can be expected to fall to the next support level 92.00.
Short
by FxProGlobal
Brent crude oil Wave Analysis – 21 May 2025 - Brent crude oil reversed from key resistance level 66.00 - Likely to fall to support level 62.00 Brent crude oil recently reversed down from the key resistance level 66.00, which has been reversing the price from the start of April, as can be seen from the daily Brent crude oil chart below. The downward reversal from the resistance level 66.00 created the daily Japanese candlesticks reversal pattern Evening Star. Given the clear daily downtrend, Brent crude oil can be expected to fall to the next support level 62.00.
TICKMILL:BRENTShort
by FxProGlobal
[20250522] - Gold Overview1️⃣ Market Overview: 📌 Recent Closed: 3315 📌 Bullish sentiment confirmed above (3265) 📌 Key reversal threshold: (3296) 2️⃣ Key Observations: ✅ Price above (3253) suggests continued bullish bias. ✅ Recent High 3320—watch for a strong breakout or exhaustion. ✅ Next liquidity Range: 3337 (upside), 3264 (downside). 3️⃣ Potential Scenarios: 🔹 Bullish Continuation: Closing above 3320 confirms momentum toward 3337. 🔹 Bearish Exhaustion: Failure to hold 3296 could trigger a reversal toward 3253. 🔹 Invalidation: 💡 A break below 3296, failing Bull POC (3265), would shift sentiment bearish. 4️⃣ Entry & Target Levels: 🔹 Bullish Entry: ✔️ Price holding above 3296 strengthens bullish sentiment. ✔️ A confirmed break above 3320 opens room for a run toward 3337 liquidity zone. 🔹 Bearish Entry: ✔️ If price fails to sustain above 3296, watch for confirmation near 3253 VAH. ✔️ A strong rejection leads price toward next liquidity at 3264. 🎯 Targets: Upside: 3320 breakout leads toward 3337 liquidity zone. Downside: Failure at 3296 opens movement toward 3264 liquidity support. 📢 Your Thoughts? Drop a comment and let me know what you think! 🚀
TRADENATIONSB:XAUUSD
by jerryfc000
Bitcoin to touch the 236 next?4H timeframe Bitcoin near-touched the ATH and currently we are yet to break above this level. Candle closes above the ATH could send BTC into price discovery however for now we should assume that it could be resistance. Liquidity Zone @ 100,500 We could see a reaction to the 236 which is sat directly below the liquidity. Microphone pattern formed during recent p.a. I do think that if BTC is unable to succeed the previous ATH then we could see bearish price movement.
Short
by Strength_in_numbers
1
EURAUD to find buyers at previous resistance?EURAUD - 24H expiry The primary trend remains bullish. The selloff has posted an exhaustion count on the daily chart. Preferred trade is to buy on dips. Price action looks to be forming a bottom. Bespoke support is located at 1.7500. We look to Buy at 1.7500 (stop at 1.7450) Our profit targets will be 1.7700 and 1.7730 Resistance: 1.7630 / 1.7680 / 1.7725 Support: 1.7520 / 1.7450 / 1.7400 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.
Long
by OANDA
Going Short on EthereumBINANCE:ETHUSDT Ethereum has moved up strongly in the last 6 weeks to a key resistance level, which is the 50% Fibonacci Retracement, leaving a huge Fair Value Gap between the $2,400 USDT and the $1,900 USDT level. Most Fair Value Gaps get filled, and I expect it to be the case this time. The Gap closes at around $1,900 USDT. I also see this move overextended in the short term and do for a correction, so I am going short here. I hope you find this interesting. Good luck to you
Short
by Raul_Dominguez
TradeCityPro | BCHUSDT Bitcoin Fork Ready to Hit New Highs?👋 Welcome to TradeCityPro Channel! Let’s dive in and analyze the Bitcoin fork, BCH, to understand why this altcoin is performing much better than the broader market and is being supported at higher levels. 🌐 Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 📊 Weekly Time Frame In the weekly time frame, we see that BCH is in a much better position compared to other altcoins and continues to form higher highs and higher lows! After hitting the 707 resistance and getting rejected, we’ve been ranging in a large box. However, it’s fair to say that buyers have the upper hand in this box because, after touching the critical 268 support, we engulfed the previous three weekly candles and experienced a sharp move up to 424. Currently, we’re at a critical point: we could either form a lower high relative to the previous resistance or undergo a mid-term correction and re-enter after breaking 424! 📉 Daily Time Frame In the daily time frame, the situation is similarly favorable, and BCH is continuing its trend with good momentum. The formation of higher highs and higher lows provides a sense of calm to the uptrend. After the heavy decline in February, it was natural for us to enter a ranging period before forming a new structure. This happened, and after retesting the 268 support, we started forming higher highs and lows, with our first entry at the 345 level. Currently, after a rejection from 435, we’ve corrected to 386, which was a low-volume move, technically considered a pullback. If we see a supportive candle at this level, it’s a trigger for a buy, and breaking 435 will be the next trigger! ✍️ Final Thoughts Stay level headed, trade with precision, and let’s capitalize on the market’s top opportunities! This is our analysis, not financial advice always do your own research. What do you think? Share your ideas below and pass this along to friends! ❤️
Long
by tradecitypro
6
BNB Weekly Breakout: Road to $1,000?CRYPTOCAP:BNB is showing strong bullish momentum on the weekly chart. The 50 EMA is acting as a dynamic support, holding firm during multiple retests and providing a solid foundation for upward movement. Recently, price action has broken above a key descending resistance line and successfully reclaimed a major support-resistance zone, turning it into a strong base. This area, which previously acted as a battleground for bulls and bears, is now supporting the current rally. As long as BNB continues to hold above this zone and the 50 EMA, the structure remains bullish. With sustained momentum, a retest of the all-time high zone around $793 is likely, and a breakout above it could open the door for a move toward $1,000 and beyond. DYOR, NFA
Long
by unichartz
4
How to arrange after gold falls into consolidation🗞News side: 1. US officials said Trump's statement was related to the Golden Dome Project, which may affect the flow of funds 2. The tension in the Middle East has intensified, and the risk aversion sentiment has increased, which is good for gold 3. Although the withdrawal of Indian and Pakistani troops has eased the regional situation, geopolitical risks still exist 4. Trump mentioned the tax bill, which affected economic expectations and affected gold investment sentiment to a certain extent. 📈Technical aspects: At present, gold is in consolidation, and the upward trend is slightly stagnant. From the hourly chart, there are signs of downward correction after the upward test of 3320. In the short term, the upper 3320 line has a certain suppression, so gold may test the support again and then rise after stabilizing. Then the first support below is the 3292 line, followed by the 3285 line. If it falls below, it may test the two key support points of 3273 and 3265. The current trend is not clear. In the future trading, we will wait patiently for the gold price to stabilize before entering the market. 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 TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
BTC Back to $100K — The Final Dip Before All-Time Highs?Bitcoin has been trading slowly and steadily just below its all-time high at $109588. The key question now is: 💭 Is BTC ready to break through and print a new all-time high? Or does it need one more dip before liftoff? Let’s break it down. Elliott Wave Structure & Market Context BTC recently completed a clean 5-wave impulsive structure, with Wave 5 topping out into a major resistance zone. That confluence included: Value Area High (VAH) Weekly resistance Daily multi-level clusters Final resistance zone before price discovery After multiple rejections from this zone, BTC lacked the momentum for a breakout — so a retracement was expected. And that’s what we’re now seeing: a textbook ABC correction. 📉 ABC Correction Breakdown ✅ Wave A: Dropped sharply, nearly tapping the psychological $100K level ✅ Wave B: Retraced into the prior resistance band between $106133 and $104464 — rejected perfectly off the 0.786 Fib of Wave A 🔄 Wave C: Now unfolding To project the potential bottom of Wave C, we use the trend-based Fib extension (Wave A = Wave C). The 1:1 extension lands at: 🎯 $99875 — Right at the $100K psychological magnet Add this confluence: 🟢 Key swing high at $99475 ✅ 0.5 Fib retracement of the entire 5-wave rally 🔍 Psychological Level: $100K 🔑 Liquidity and demand zone This makes the $99K–$101K area a strong, high-conviction support zone. 🟢 Long Trade Setup Entry zone: Ladder between $101K – $99K Stop-loss: Below GETTEX:97K Target: New all-time high at $109588 R:R: ~3:1+ Structure: Correction into high-confluence zone + psychological level = high probability setup 📌 Summary: BTC likely finishing Wave C of ABC correction $100K = confluence of Fib, structure, psychology, and liquidity Setup is simple: Wait for price to retest this zone and trigger your plan If this level holds, BTC may be ready to attempt a breakout into price discovery Let the chart come to you — and trade the reaction, not the anticipation. 📉🔁📈 ____________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
16
NzdUsd Trade UpdateNU shorts were published earlier with an update on why I was gonna go long! My main set up was to look for price break and retest below but instead price ended up coming back above the 1hr HL where structures were than flipped bullish. Once price CLOSED above 59450 that's when I decided to execute long positions on this pair! Targets were just at the next level with stops below structure! The set up played out well! I closed my profits once price got to the next level above. Solid rr.
Long
by OfficialJ23
FETUSDT : Massive Opportunity or Fakeout Trap?Yello Paradisers, have you been watching FET lately? If not, now is the time to pay close attention—because this setup could be gearing up for a serious move, and missing it might mean missing one of the cleanest opportunities this month. Let’s break it down before it’s too late. 💎FETUSDT is currently displaying a bullish market structure on the higher timeframes, signaling growing strength beneath the surface. Even more compelling is the fact that it has just formed a classic falling wedge pattern—a powerful reversal setup—paired with a bullish divergence. This combination significantly increases the probability of a bullish breakout from current levels. 💎Right now, price is sitting right on a key support zone, which is reinforced by the 200 EMA. This confluence of support gives added confidence to the setup and boosts the probability of an upside move. The risk-to-reward ratio from this zone is also highly attractive, making this one of those clean opportunities that traders should never ignore. The bullish outlook remains valid as long as price holds above our invalidation zone. 💎However, if the price breaks down and closes below this invalidation level, then the entire bullish idea is off the table. In that scenario, it’s wiser to stay patient and wait for stronger, more reliable price action to develop before re-entering the market. There’s no need to rush a trade when better setups are always around the corner. Discipline, timing, and execution will always separate the professionals from the crowd. Stay focused, Paradisers—the market rewards those who move with purpose, not panic. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
7
XAUUSD Under Bearish PressureHi there, Gold remains bearish, held down by a protected resistance level at 3,286.017, combined with bearish pressure near the 3,350.413 level. The price could potentially push up into the 3,259.035 region before experiencing a meaningful drop. However, I anticipate overall bearish momentum to drive the price down to the 3,136.779 area, with a bias toward 3,044.531. Short Fundamental Highlights: Gold trades around $3,248 per ounce, up 1.9% today. Supported by safe-haven demand after Moody’s US credit rating downgrade. Recent volatility, but overall strong upward trend in 2025 — up over 23%. Reached an all-time high of $3,500 in April. Technical risks loom if support at $3,100-$3,200 falls. Remains attractive amid economic uncertainty, geopolitical tensions, and Fed rate cut expectations. Happy Trading, K. Not a trading advice
OANDA:XAUUSDShort
by Khiwe
Nifty Analysis EOD – May 21, 2025 – Wednesday 🟢 Nifty Analysis EOD – May 21, 2025 – Wednesday 🔴 🌀 The Dead Cat Bounces Effect After Yesterday's Quick Fall 🌀 Nifty opened with a 45-point gap-up and, within the first 10 minutes, that gap was filled—marking a low of 24692.65. From there, a sudden burst of buying pressure launched the index above the 24768–24800 resistance zone in just 25 minutes. This sharp move triggered a round of short covering, propelling Nifty to the day’s high of 24946.20. As shared live on TradingView, the Fib resistance zone of 24930–24940 (0.764–0.786 levels) was a key level to watch. True to expectation, Nifty faced strong rejection from this zone, leading to a V-shaped reversal—wiping out all gains in the next hour and marking a new low of 24685.35. 🌀 Screenshot from Tradingview - 1 🌀 Screenshot from Tradingview - 2 It was a rollercoaster ride in the first half. Post this, Nifty traded mostly within the CPR’s Top Central (TC) and Bottom Central (BC) range—though this range itself was 104 points, keeping the session active and far from boring. Nifty’s close at 24813, around the VWAP and Central CPR, suggests a temporary equilibrium between buyers and sellers. The good part? We closed above the critical 24768–24800 support-turned-resistance. But there's a catch—the close is below yesterday’s Fib 0.5 retracement, signaling potential caution. ⚠️ Cautionary Note:In the short-term, today’s session fits the textbook example of a Dead Cat Bounce. With weekly expiry tomorrow, it's wise to stay alert and not get trapped in noise. Discipline and patience will be key. 🛡 25 Min Time Frame Chart 🔄 What’s Next? / Bias Direction Wide trading range remains intact. But here’s the game plan: 📈 Long Setup:Above 24850, watch for strength with targets:→ 24920→ 24980→ 25075 📌 Above 25075, sharp short covering can drive price towards 25222 (Yes, it’s far—but good traders plan ahead, always). 📉 Short Setup:Below 24640–24625, weakness may extend down towards:→ 24500→ 24460 Let price action confirm. 🛡 5 Min Intraday Chart 🥷 Gladiator Strategy Update Strategy Parameters ATR: 324.57 IB Range: 151.65 → Medium IB Market Structure: Balanced Trade Highlights ✅ 1st Long Trigger: 10:05 AM – Target Achieved (R:R = 1:1.5) 💼 Total Trades: 1 🕯 Daily Time Frame Chart 🔍 Support & Resistance Levels 🔺 Resistance Zones: 24,882 24,920 24,980 ~ 25,000 25,062 ~ 25,070 🔻 Support Zones: 24,768 ~ 24,800 24,660 24,640 ~ 24,625 24,590 24,530 ~ 24,480 24,460 ✍️ Final Thoughts "Volatility doesn’t trap the prepared, it challenges them." Tomorrow being expiry, let the levels speak. Stay objective, stay adaptive. ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia