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Support and Resistance

THOUGHTS ON XRP/USDXRP/USD 1D - As you can see price has been sat within this range for some time now, I think its only a matter of time before we have our next rally to the upside. I was sceptical about seeing price take a further down move to clear the inefficiency. However price has shown good signs of holding within this range and its actually respecting these areas of Demand as you can see above, this tells me that the balance is in fact in favour of the Demand in the market. I have gone ahead and marked out a fractal area here, I would like to see price clear the orders within this before that hike, this gives people the opportunity to top up on XRP should they want to. From this next hike I am predicting price to surpass previous highs that have been set within this range, and I am expecting that the lows set here would then be seen as protected following the laws of Bullish structure.
BINANCE:XRPUSDLong
by Lukegforex
1
ARB/USDT: Bearish Pressure Builds Below Key ResistanceThe ARB/USDT market recently tested support before rebounding toward the psychological 0.400 level, forming what appears to be an ABC pullback, often a signal for an upcoming retracement. Price has moved above last week’s high, which may indicate a liquidity grab before a potential drop. When comparing the current bullish pullback to previous stronger bearish moves, the broader momentum appears to favor the bears. If the market fails to break through the channel boundary, trendline, and the 0.420 resistance, a move lower is likely. The next target is the support zone around 0.3500
Short
by RTED_Investing
EUR/USD 4-Hour Timeframe AnalysisEUR/USD 4-Hour Timeframe Analysis EUR/USD has shown bullish momentum in the past few weeks, primarily driven by the ECB's recent rate cut of 25 basis points to 2.5% and its move toward normalizing monetary policy as inflation nears target levels. However, price action has shifted, displaying lower highs and lower lows, indicating increasing selling pressure. We have identified a minor key resistance level at 1.08300, where a breakout could reignite buying momentum. Meanwhile, a major key support at 1.07700 has been broken, signaling a Change of Character (CHOCH) and a potential bearish shift. Currently, price is accumulating, suggesting a possible liquidity hunt before the next major move. Outlook and Key Technical Levels 🔹 Minor Key Resistance: 1.08300 (breakout point for bulls) 🔹 Sell Limit Entry: 1.07650 (pending order) 🔹 Stop Loss (SL): 1.08270 (above liquidity zone) 🔹 Take Profit (TP): 1.06280 (next minor support) Our strategy is to wait for a 4-hour candle close below 1.07700 before executing a sell limit order at 1.07650. This confirmation increases the probability of further downside movement. Fundamental Insight and Market Sentiment Recent developments suggest EUR weakness, aligning with our technical outlook: 📉 ECB Policy Shift: The rate cut, while initially bullish, may contribute to euro softness as markets adjust to a more accommodative stance. 📉 Trade War Tensions: The U.S. imposing tariffs on European imports has pressured the euro, pushing EUR/USD toward 1.0733 before a slight recovery. 📉 USD Strength: The U.S. dollar index (DXY) has climbed to 103.88, as the Federal Reserve remains cautious about rate cuts, maintaining USD strength. The combination of technical breakdowns and fundamental euro weakness supports a bearish bias on EUR/USD. We remain patient, monitoring liquidity formation before executing our trade. 📌 Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
Short
by RebornFXTrader
Nikkei, S&P500, Nasdaq, Hang Seng Short: Educational UpdateThis is really an extra video that I made because I see some educational value. I use Nikkei 225 to show repeating of patterns and the fractal nature of the market, S&P and Nasdaq to demonstrate the usage of Fibonacci levels and study of historical support and resistance, and finally Hang Seng to discuss on placing stop losses and how noise in lower time frames may require us to ignore certain "unclean" waves. Overall, I still put this idea as a short because all the indices used are still short ideas in my opinion. Good luck!
OANDA:SPX500USDShort
by yuchaosng
USDJPY is Testing 150 AgainLast week, USDJPY got rejected from the cup&handle's 150 resistance, then break the 149 support, fell sharply. The recovery is in process but the broken trendline is a major hinderance in front of USDJPY bulls. Now the trendline and 150 resistance converged and USDJPY is trying another attempt towards this key resistance. As long as it holds, there is a good chance another downward reaction to begin. Hovewer, after testing it 5 times, if USDJPY regain control of 150, the short term outlook might turn bullish.
by ftdsystem
1
Gold Tests Trendline, 3000 Target Still in SightGold’s horizontal move ended on Friday with the breakdown of the short-term support at 3025. Since then, the critical 3000 level has been tested twice but is still holding for now. The short-term trend has turned bearish, leaving gold prices stuck between the downward pressure from above and key supports at 3000 and the 200-hour moving average. Trump's recent softer messaging regarding the April 2 tariffs has temporarily eased upward pressure. Today's consumer confidence data will be significant, especially ahead of Friday's PCE release. If the short-term downtrend channel holds, another attempt at the 3000 level could occur today, and a break below 3000 might intensify downward momentum. On the upside, the immediate resistance levels to watch are the short-term downtrend line and 3030, both very close to the current price. A breakout above these levels could signal a continuation of flat move above 3000 until key economic data arrives later this week.
OANDA:XAUUSD
by ftdsystem
EURUSD Contracts Ahead of Key Data and Trump’s "Liberation Day"The main scenarios from our earlier post remain unchanged. The 1.0800 support has shifted slightly lower to 1.0780. Trump's so-called "Liberation Day" is approaching, and it's creating downward pressure on EURUSD, despite weak U.S. data. Yesterday, consumer confidence fell to 92.90, marking the worst reading since the COVID shock, and the lowest since 2016 if you exclude that period. The magnitude of the drop is significant. EURUSD price action has now contracted into a very narrow range, suggesting that a major breakout is likely imminent. Which direction it will take remains unclear. This week’s PCE data will be important, but the main price driver will likely be the April 2 tariff announcement, or any early leaks or headlines leading up to it. 1.0780 has now become the short-term support level, while the updated trendline serves as the main resistance.
by ftdsystem
SUI I Weekly CLS, KL - Order Block, Model 1Hey Traders!! Feel free to share your thoughts, charts, and questions in the comments below—I'm about fostering constructive, positive discussions! 🧩 What is CLS? CLS represents the "smart money" across all markets. It brings together the capital from the largest investment and central banks, boasting a daily volume of over 6.5 trillion. ✅By understanding how CLS operates—its specific modes and timings—you gain a powerful edge with more precise entries and well-defined targets. 🛡️Follow me and take a closer look at Models 1 and 2. These models are key to unlocking the market's potential and can guide you toward smarter trading decisions. 📍Remember, no strategy offers a 100%-win rate—trading is a journey of constant learning and improvement. While our approaches often yield strong profits, occasional setbacks are part of the process. Embrace every experience as an opportunity to refine your skills and grow. Wishing you continued success on your trading journey. May this educational post inspire you to become an even better trader! “Adapt what is useful, reject what is useless, and add what is specifically your own.” David Perk ⚔
Long
by David_Perk
18
Gold Daily Update - Looking Bullish!Gold has successfully broken above the critical 3030 level, at least on the shorter time frames of 30 minutes and 1 hour. It has closed above this level and is now retracing slightly, possibly to test the area again. If the price holds above this level during the London session, further upward momentum is likely. The first target could be a retest of the 3050 level, and depending on the volume during the New York session—particularly at the New York Stock Exchange's opening at 9:30 AM EST—it might even attempt to retest its all-time high. Given this price action, the downside appears limited for now, and I wouldn't recommend shorting this market at the moment. Even though we're approaching the end of the month and quarter, when fund managers often rebalance portfolios or book profits from recent gains, the momentum currently seems firmly bullish. Shorts would only become a consideration if the price closes decisively below 3030, fails to reclaim that level, and gradually breaks below 3015. Until we see such developments, the current trend favors the bulls. Wishing you a great day and week ahead! Don't forget to like and subscribe to my channel to keep receiving free analysis and content.
FX:XAUUSDLong
by CandleStickGuru
1
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower, facing resistance at the 240-day moving average on the daily chart. With a significant gap between the price and the 5-day moving average, a pullback toward the 5-day MA was anticipated. The index did find support at the 5-day MA, closing with a lower wick. The key question now is whether the current correction wave will fill the gap created on Monday, as it faced resistance at the 240-day line. If you’re looking to buy on dips, it’s best to focus on the gap area as a potential support zone. The MACD remains in a golden cross, and with a noticeable spread from the signal line, the market is likely to stay range-bound unless a bearish crossover occurs. On the 240-minute chart, a bearish crossover (death cross) has formed, suggesting the potential for further downside. However, the price is approaching a strong support zone where buying interest previously emerged. Thus, buying on dips in lower zones may be favorable. In the short term, both the MACD and the signal line remain above the zero line, indicating a possible short-term rebound. Be cautious with chasing short positions and monitor lower time frames. Also, don’t forget: Today’s GDP release may influence market direction. Crude Oil Oil closed higher, reaching $70 on the daily chart. Since the $70–71 range is a major resistance zone, it’s likely the trend may consolidate in this area. The daily MACD is rising sharply, and buying pressure appears strong and one-sided. Despite the resistance at $70–71, if oil gaps up over the weekend, there’s a chance this resistance could be broken by a gap-up move on Monday. Keep an open mind to this possibility, but also be cautious over the weekend (over-the-weekend risk). On the 240-minute chart, the MACD is bouncing off the signal line, with strong renewed buying pressure. However, if oil fails to break higher, a MACD divergence could develop, so avoid chasing longs at elevated levels. Overall, it’s safer to treat the $71 level as the upper boundary of a range, favoring short-term selling strategies. Watch the lower timeframes for signs of trend reversal. Gold Gold ended the day flat within a narrow range, forming a small consolidation box ahead of today’s GDP release and tomorrow’s PCE data. The daily MACD is converging with the signal line, suggesting we are approaching a turning point — either a new leg up or a bearish crossover. Both bullish and bearish scenarios remain open, so it’s important to monitor how the market reacts to upcoming data. If gold fails to push higher, a bearish divergence may form, opening the door to a pullback toward the 5-week MA on the weekly chart. On the 240-minute chart, both MACD and the signal line are hovering near the zero line, indicating sideways movement. Since the signal line remains above zero, the buy side still holds a slight edge, but confirmation via a strong bullish or bearish candle is needed to establish a trend. Any MACD signal triggered at the zero line could lead to a larger directional move, so keep that in mind. Until data is released, continue range-bound trading, and avoid premature long or short positions, as today’s trend may remain undecided. March is coming to an end. Make sure to keep a close eye on today and tomorrow's data releases and aim to close the month with solid results. Wishing you a successful trading day! If you like my analysis, please follow me and give it a boost! For additional strategies for today, check out my profile. Thank you!
CME_MINI:NQ1!
by Futureguard
GOLD → Price returns to the channel to form a bullish structureFX:XAUUSD is completing a correction, breaking channel resistance and consolidating above the downtrend line. Traders are waiting for economic data and tariff war actions Trump confirmed plans to impose retaliatory tariffs on April 2, limiting exemptions. The new duties have raised fears for the U.S. economy, which has weakened the dollar and boosted demand for gold.Markets are also keeping an eye on talks between the U.S., Ukraine and Russia.Focus is also on US durable goods orders data - a strong reading could cool expectations of a Fed rate cut, limiting gold's gains Resistance levels: 3033, 3045, 3056 Support levels: 3013, 3004 Gold may test the support zone before rising further. The focus is on the current consolidation 3033 - 3013. A key resistance is formed ahead, a breakdown of this zone may provoke a continuation of growth to 3045 - 3056. Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
GBPUSD → Correction to the liquidity zone. Waiting for a FBFX:GBPUSD gets a negative CPI report in the early session and tests key support, but failing to reach the liquidity area a rebound is formed. The pair is in consolidation... The CPI report provoked a small liquidation in the market, within the framework of which the price tested one of the key supports at 1.2886, but the price did not enter the liquidity area, i.e. technically the chances to return to this area are quite high. A correction to the imbalance zone is being formed, from which the decline may continue. In the short term I am interested in 1.2868, which can still hold the market and form a bullish impulse. Resistance levels: 1.2926 Support levels: 1.2886, 1.2868, 1.2811 False break of the global range support at 1.2868 may trigger a rebound to 1.2926. I do not exclude a deeper correction to the support from D1, for example to 1.2811 from which, against the background of the bull market, we can wait for an upward correction. Regards R. Linda!
Long
by RLinda
3
IPUSDT → Exit from the triangle may trigger a distribution ofBINANCE:IPUSDT.P is forming positive preconditions for possible growth. Bitcoin slightly revitalized the market after positive news related to SEC and XRP (the crypto community did not miss this fact) The IP coin was in consolidation for a long time - a symmetrical triangle. Rising lows, consolidation, breakout of triangle resistance give positive signs of readiness for distribution (realization of consolidation). Ahead is the key resistance at 5.6297 separating the market from the free zone Resistance levels: 5.6297, 6.631 Support levels: 5.116, 4.783 Price has been sticking to triangle resistance for the past few days and is gaining potential for breakout and realization. Numerous intraday retests of the area indicate the market's interest to break beyond this zone. A breakout of 5.6297 and price consolidation above the triangle will be a good signal of readiness to go up. Regards R. Linda!
Long
by RLinda
2
BITCOIN Trending Higher - Can Bulls Maintain Momentum?COINBASE:BTCUSD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting a potential continuation toward higher levels. The price has broken above a key resistance zone and successfully retested it as support, confirming the bullish structure. This retest strengthens the case for further upside, with the next target aligning with the upper boundary of the channel near $91,000. As long as the price remains above this newly established support, the bullish outlook stays intact. However, if the price fails to hold above this zone, a deeper pullback toward the midline or the lower boundary of the channel could come into play. Remember, always confirm your setups and trade with solid risk management. Best of luck!
BINANCE:BTCUSDLong
by TrendDiva
47
CADJPY Retesting Key Level: Will Sellers Step In?OANDA:CADJPY is approaching a key level that previously acted as support. Now that price is retesting it, there’s a good chance it could turn into resistance. If sellers step in, we could see a bearish reaction. If the price shows clear signs of rejection from this zone, I anticipate a move downward toward the 104.500 level, which serves as a logical target for this setup. Conversely, a clean breakout above the zone could signal a potential bullish continuation. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have
Short
by DanieIM
34
Gold (XAU/USD) Price Action Update📊 Gold (XAU/USD) Price Action Update 🏆 🔹 Current Price: 3,030 🔹 Timeframe: 1H 📌 Key Levels: 🔴 Best Selling Area: 3,044 - 3,046 🟢 Best Buying Area: 3,007 - 3,011 📈 Bullish Scenario: If price breaks above 3,038 with strong momentum, it could head toward the 3,044 - 3,046 resistance zone, where sellers may take control. A clean break and retest of 3,046+ could push gold higher. 📉 Bearish Scenario: If price rejects resistance (3,044 - 3,046), expect a drop towards 3,030, followed by 3,011 - 3,007 (best buying area). A strong rejection from 3,038 might indicate a reversal. ⚡ Trading Tip: Sell near resistance if rejection occurs. Buy near support with bullish confirmation. Wait for confirmation before entering trades! #XAUUSD #GoldTrading #SmartMoney #PriceAction #ForexSignals #MarketAnalysis #TechnicalAnalysis
OANDA:XAUUSD
by FXFOREVER_87