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Support and Resistance

AUDCAD – 4H Technical & Fundamental AnalysisAUDCAD – 4H Timeframe (H4) Technical & Fundamental Analysis The Australian Dollar currently holds a slight edge over the Canadian Dollar as improving economic sentiment in China and stable commodity demand lend strength to AUD, while expectations of earlier rate cuts by the Bank of Canada weigh on CAD. Looking at the AUDCAD 4-hour chart, the pair has been trading in a range below the minor resistance at 0.89500. A trendline connecting three highs has now been broken, suggesting early signs of bullish pressure. However, confirmation is still needed before a directional bias is confirmed. We are watching for two key confirmations: A break and close above 0.89500, accompanied by signs of buyer accumulation, could signal a Change of Character (CHOCH) and shift market structure bullish. A liquidity sweep or stop-hunt below the resistance could trap early buyers before a stronger breakout. If price then reclaims and closes above the 0.89500 level again, it would confirm bullish intent. A potential area of interest lies around 0.89570 (possible breakout point), with risk managed below 0.89040 if liquidity forms. The longer-term target is the next major resistance zone near 0.90650. This setup reflects evolving bullish structure and market positioning, supported by improving AUD fundamentals. Fundamentals Supporting AUD: -China Economic Recovery Signs: Recent Chinese data shows early signs of stabilization, which supports AUD due to Australia’s strong trade ties with China. -Stable Commodity Demand: Iron ore and other exports remain in steady demand, reinforcing the AUD’s fundamental base. -RBA Policy Stability: The Reserve Bank of Australia is currently neutral on rates, offering more support compared to dovish central banks. Fundamentals Weakening CAD: -BoC Dovish Outlook: Markets expect the Bank of Canada to begin cutting interest rates earlier than other central banks, which weighs on CAD. -Flat Oil Prices: Oil, a key Canadian export, has shown lackluster performance recently, limiting CAD’s upside. -Mixed Canadian Data: Economic indicators like employment and GDP have been inconsistent, raising caution among investors. 📌 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.
by RebornFXTrader
How to arrange when gold fluctuates upward🗞News side: 1. Pay attention to the recent trade situation and news about the Fed's interest rate cuts 2. Be wary of DXY trends 3. The situation of the Russian-Ukrainian war and the follow-up events of the India-Pakistan conflict 4.Trump imposes 100% tariff on non-US films 📈Technical aspects: In the morning, we seized the opportunity to short and earn a wave of profits. Then gold fell back to 3255 and rebounded again, moving upward in a fluctuating manner. From the hourly chart, Friday's low was around 3220 and today's high was around 3270. In this trend, 3255 may be the short-term low for short-term trading. From the daily chart, gold has closed the cross star. The current gold price is more critical. If it breaks through 3285, it may continue to rise to the 3295-3300 line. If the gold price fails to effectively break through 3285, it may usher in a wave of retracement. It will be a good time for us to go long. If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
EUR/JPY Weekly Analysis📊 EUR/JPY Weekly Analysis 🔍 Technical Insight by Shaker Trading 🔻 Bearish Market Structure: Strong Descending Channel (Daily): The pair is currently moving within a clear downward channel on the daily timeframe, reflecting continued bearish pressure. Key Demand Zones (Daily): Several strong demand areas are visible on the daily chart, which could serve as potential bounce points. Overbought Signals on RSI & MACD: Both the RSI and MACD indicators are showing signs of overbought conditions, suggesting the bullish momentum may be weakening. 📌 Trading Outlook: We expect the bearish movement to continue. However, short-term pullbacks may occur from the demand zones before resuming the downtrend. Trade with caution and wait for confirmation signals. 🔥 Copy Trading for Free Let our team handle the trades while you sit back and watch the results – totally free of charge.
Short
by ShakerTrading
XAU/USD Price Action Update – May 5, 2025📊XAU/USD Price Action Update – May 5, 2025 🔹Current Price: 3,258.76 🔹Timeframe: 15M 📌Key Supply Zone (Resistance): 🔴Above current highs – Untested supply zone, watch for rejection 📌Key Demand Zone (Support): 🟢3241–3242 – Fresh Rally Base Rally Zone (ideal for long re-entry) 📈Bullish Outlook: Gold is consolidating after a strong bullish impulse. If price holds above 3241–3242, we may see continuation toward higher supply zones. Look for bullish confirmation on the next dip. 📉Bearish Outlook: If price fails to hold above the demand zone, a drop back into lower 3230s is possible. Only trade short if a clear BOS (Break of Structure) forms below 3240. ⚡Trade Setup Tip: ✅Look for bullish setups at 3241 ✅Protect entries with SL under demand zone ✅First target = previous highs, second = break of supply #XAUUSD #GoldTrading #SmartMoneyConcepts #SupplyAndDemand #ForexAnalysis #BreakOfStructure #FXFOREVER #IntradayTrading #PriceAction #GoldScalping
OANDA:XAUUSDLong
by FXFOREVER_87
Strategic Sell Limit Plan – XAU/USDPlanned Entry (Sell Limit): $3,285 Target (TP): $3,xxx Stop Loss (SL): $3,3xx Timeframe Focus: H1 – H4 Setup Date: May 5–6, 2025 Gold (XAU/USD) has shown a strong retracement toward a key descending trendline formed since mid-April. The price is currently hovering around $3,256 and pushing toward the critical resistance area at $3,280–$3,290, where multiple confluences meet: Trendline Rejection Zone: A long-standing bearish trendline converges precisely around $3,285, signaling potential exhaustion for the current bullish retracement. Order Block + Supply Zone: Historical sell-offs originated in the $3,285 zone. This forms a textbook bearish order block, strengthening the case for a high-probability reversal. Overhead Liquidity Trap: Buy-side liquidity may be swept just above $3,280, triggering institutional profit-taking and sharp downside reaction. Bearish RSI Divergence: Emerging signs of divergence on H1 and H4 indicate momentum weakness despite higher highs in price. Goodluck traders!
OANDA:XAUUSDShort
by Indonesia1945
2
S&P ES Long setup target 5963.50 / Calls SPY target 596Fibonacci technical analysis : S&P 500 E-mini Futures CME_MINI:ES1! has already found support at the Fib level 78.6% (5623.50) of my Down Fib. Last Daily candle (May 2) has closed above retracement Fib level 78.6%. My Down Fib guides me to look for CME_MINI:ES1! to eventually go up to hit first target at Fib level 127.2% (5963.50). CME_MINI:ES1! – Target 1 at 127.2% (5963.50), Target 2 at 161.8% (6205.50) and Target 3 at 178.6 (6322.75) Stop loss slightly below the 61.8% retracement Fib level (5506.25). Option Traders : My AMEX:SPY chart Down Fib shows price to go up to Target 1 at 127.2% (595.82), Target 2 at 161.8% (620.50) and Target 3 at 178.6 (632.50) Stop loss slightly below the 61.8% retracement Fib level (549). Enjoy the trading process and take time to smell the roses🌹
CME_MINI:ES1!Long
by rose_excellence
XAUUSD:Sharing of the Latest Trading StrategyThis week’s trading wrapped up successfully. Our exclusive VIP trading signals achieved a 90% accuracy rate!👉👉👉 After the release of the Non-Farm Payrolls data, the price of gold initially declined and then rebounded, continuing its range-bound trading pattern. Recently, the impact of the NFP data on the gold price has weakened, and the volatility is lower than the normal level. The price level of 3,280 will be a crucial inflection point determining the battle between bulls and bears next week. If the gold price fails to break through the resistance at the 3,280 level and is suppressed, it is highly likely that the range-bound trading pattern will persist, and the bullish trend is unlikely to reverse directly in the short term. In terms of trading operation, it is advisable to wait for a rebound and then execute short positions. Trading Strategy: sell@3280-3260 TP:3240-3220 The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them! 👇 👇 👇 Obtain signals👉👉👉
OANDA:XAUUSDShort
by PagAugustine
USDJPY:Sharing of the Latest Trading StrategyThis week’s trading wrapped up successfully. Our exclusive VIP trading signals achieved a 90% accuracy rate!👉👉👉 This week, the exchange rate of the US dollar against the Japanese yen was quoted at 144.9180, declining compared to the previous trading day. Technically, pay attention to the resistance near 145.9240 at the upper side and the support near 143.7250 at the lower side. One can consider placing small short positions near the resistance level. At the same time, keep an eye on the impact of economic data of the US and Japan as well as the policies of their central banks on the exchange rate. Trading Strategy: sell@145.900-145.7000 TP:144.7500-143.7500 The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them! 👇 👇 👇 Obtain signals👉👉👉
Short
by PagAugustine
GBPJPY is Holding above the Support , All Eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000