Get started

Support and Resistance

Can The Major Support Zone Save Nifty From Falling Further?There is a triple Support zone that has been reached by Nifty. The Zone between today's low that is 23870 and 23692 has multiple supports of a trend line and Father Line of 200 day's EMA. Let us see if we have a revival from here. If that will be the case the next resistance zones will be 24019, 24175, 24416(Major Mother Line Resistance of 50 day's EMA) and 24529 (Major Trend Line Resistance). If the support of 23870 is broken we will have to rely upon 23962 that is the major 200 day's EMa of Father line. If we get a closing below 23692 or the Father line. Bears will become more powerful and we may see them control the game. In such a scenario the supports will be at 23350, 23088 and 22828. So very critical weekly closing tomorrow. Shadow of the candle for tomorrow is neutral to negative. 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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. 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.
NSE:NIFTY
by Happy_Candles_Investment
SOLUSD – Bounce or Breakdown? Time to ChooseCurrently trading at 204.52, Solana’s sitting just above a key white box support zone between 193–203, which is shaping up as a strong bounce location. The upward trendline remains intact, keeping the bull thesis alive, but here’s the deal: lose support at 193, and things could get ugly fast. That 193 area aligns perfectly with the 0.236 Fibonacci retracement, making it a do-or-die level for the short-term bulls. Right now, the setup is giving double-top vibes, and we need to see strength here. A breakout and close above the weekly ATH is the green light we’ve all been waiting for. Stay focused—SOL still has the fundamentals: a thriving ecosystem, killer tech, loads of users, and insanely low costs. Long-term, the outlook is solid as the blockchain itself. 🌱 But let’s not sugarcoat it—if we break 193, brace for impact. Expect aggressive downward pressure, with price likely testing the trendline and possibly wicking down to 157 (the 0.382 Fib retracement). That’s where buyers could step back in. TL;DR: Support: 193–203 (white box, 0.236 Fib). Resistance: Weekly ATH needs snapping for continuation. Bear Scenario: Below 193 → pressure to trendline, potential wicks to 157. Bull Target: 411 long-term with an R:R of 5.4. The uptrend is alive, but this is where SOL needs to show it’s got legs. Don’t sleep on the bounce, but manage your risk—because if it breaks, the fallout could be real. Keep your stops tight and your conviction tighter. 🧠📈
CRYPTO:SOLUSD
by chartzard1337
2
DXY vs BTC - Don't Fade the FedVery simple concept that people should be aware of. When DXY runs it is because investors are risking off from the market into USD for some reason. Usually DXY will run in opposition to the majority of Stocks, Crypto and other risk on markets. The Fed has announced yesterday that there will be less rate cuts than expected in 2025 and are hawkish causing a market wide selloff into USD and other safe haven assets. This risking off may be done and we could see a reversal on the DXY, a failed breakout: or we could be in for more pain. It's a big warning sign.
by Mrgalaxy
WEEKLY FOREX FORECAST: USD Still Bullish? YES! Buy It!This forecast is for the week of Dec. 16th - 20th. The USD INDEX is indicating strength, continuing from last week going into this week. The economic calendar has red folders for every day this week. THe xxxUSD pairs are looking bearish, while the USDxxx pairs are looking bullish. The USD Index closed last week very bearish, trading through the previous week's low. A pullback makes sense for this week, at least for the beginning of it. With NFP coming on Friday, trading up until Wed may be the safest way to go. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise. Transcript
TVC:DXYLong
by RT_Money
Intraday Levels for Nasdaq 100 Futures - 12/19/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
1
EURJPY Wave Analysis 19 December 2024 - EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency pair recently broke the resistance zone located between the key resistance level 162.00 (which stopped the previous minor wave 2) and the 50% Fibonacci correction of the downward impulse 1 from October. The breakout of this resistance zone accelerated added to the bullish pressure on this currency pair. EURJPY currency pair can be expected to rise further to the next resistance level 165.00 (which reversed the price multiple times in November).
Long
by FxProGlobal
Futures Steady After Wall Street Slump on Fed Rate Cut OutlookFutures Steady After Wall Street Declines on Fed's View of Fewer Rate Cuts U.S. stock index futures edged higher on Thursday as investors assessed the Federal Reserve's revised projections, which include fewer-than-expected interest rate cuts and elevated inflation expectations for next year. These updates caused a significant sell-off on Wall Street the day before. On Wednesday, the Fed announced its forecast of only two 25 basis point (bps) rate cuts in 2024, halving its previous projection from September. The central bank also raised inflation expectations for the early months of the incoming administration. These adjustments triggered the steepest daily declines in the three major U.S. stock indices since August. S&P 500 Technical Analysis The S&P 500 experienced a sharp decline of more than 3.5% due to the Federal Reserve's decision to reduce interest rates by only 25 bps. This decision created uncertainty and weighed heavily on investor sentiment. Today, the U.S. GDP report is a key event that could significantly impact the market. The GDP growth rate is projected to decline by 2.8% compared to the previous period. If the GDP data comes in below 2.8%, the market may turn bullish, potentially reaching 5971. If the GDP data exceeds 2.8%, the bearish trend could continue, with the S&P 500 targeting levels of 5885 and 5863. Key Levels Pivot Point: 5932 Resistance Levels: 5971, 5988, 6020 Support Levels: 5885, 5863, 5837 Trend Outlook Downward Trend: Likely to persist if the price remains below 5932. Upward Trend: Potential recovery if the price breaks above 5932.
OANDA:SPX500USDShort
by SroshMayi
JUPUSDT – The Sleeper Setup?Ah, Jupiter, you were my favorite. Still are. The platform? Insane. The potential? Off the charts. But this is crypto, and value doesn’t always follow logic—it follows vibes. Sometimes things moon just because we like the stonk. 💎🙌 Right now, JUP’s in a downtrend, and combined with a Fibonacci retracement, we’ve broken through the 0.618 Fib. Translation: we’re likely going lower, targeting the 0.786 zone, but not for long. Setup for buys with some scam wicks. We have a chance we can bounce directly where we are now 0.8856, lining up with my second downtrend line. Honestly, this wick down feels like pure manipulation—designed to shake out weak hands. My gut? It’s time to long, scaling into positions down to 0.80 cents wicks. Once the dust settles, I’m seeing an explosive recovery to 1.13—prime target territory. TL;DR: Current Setup: Downtrend ; we broke below the 0.618 Fib, heading for 0.786. Support Zone: 0.94–0.69 cents. Short-Term Resistance: 0.8856 area (downtrend line). Bounce Target: 1.13+ after recovery. Play: Sizing into longs down to 0.80 cents wicks. Sometimes you just gotta trust your gut and ride the manipulation waves. I’m bullish long-term because JUP’s tech is next level. Let the kids get scared—pros know when it’s time to pounce. 🚀👊
by chartzard1337
Focus Shifts to Greenback and the 10-year TreasuryThe Federal Reserve triggered violent drops in stocks yesterday and two key charts could be attempting important breakouts. We first consider the U.S. Dollar Index with weekly candles. There’s a falling trendline along the peaks of October 2023 and late April. DXY rallied through that resistance and turned it into support earlier this month. That may be consistent with an uptrend. Second, DXY has advanced in 11 of the last 12 weeks. That could also suggest direction is accelerating higher. Third, some traders may now eye the October 2022 high around 114 as the next key level. Next is the 10-year Treasury Yield with 3-day candles (to clearly display almost 2 years of history): A falling channel began in late 2023 at the same time stocks began their latest rally, but TNX didn’t reach the lower end of the channel. That was the first sign that yields might still be rising. TNX also failed to reach its March 2023 low and refused to stay below its December 2023 low. The index dipped last month but held its mid-July low above 4 percent. Next comes the historically important long-term peak of 4.34 percent from the start of the Global Financial Crisis. After that, TNX closed above its November daily high. Each of those points additionally suggest that that yields are moving higher. They also shift attention to the next big level near 5 percent from October 2022. Given the importance of DXY and TNX for risk appetite, some traders may find potentially useful intermarket signals on their charts. 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.
TVC:DXY
by TradeStation
GBPAUD to the moon?Taking a long position on GBPAUD, main reasons being: - BoE holding interest rates for now and less rate cuts are expected next year, could drive more institutions to hold GBP and increase it's value - AUD are trade partners with China who are experiencing significant economic instability - COT traders are 57% long on GBP (+2.14% compared to last week) - COT traders are 52% long on AUD, but are adding more short positions (-4.53% change in net long positions compared to last week) - Retail traders are 93% short on GBPAUD (I find that retail is usually wrong, so this is a positive signal for GBPAUD longs in my book) This trade is more based on Australia's weakness rather than Britain's strength. I was also thinking of shorting AUDJPY (see previous trade idea) or AUDUSD. I couldn't get in a position that I liked on AUDJPY (yet) and I'm already in a short position on EURUSD, so I want to diversify a bit away from the US Dollar. The reason I'm entering here is because it is filling an imbalance candle, and it's also at the 0.682 mark on the Fibonacci retracement tool. If I get taken out I don't mind, there may be better entries on GBPAUD available if that happens, or there may be an opportunity to short AUDJPY instead, which I prefer the fundamentals of. Don't take this as investment advice, I'm just sharing what I'm doing. Please don't follow me blindly, create your own strategy and ideas.
Long
by ciantrades
2
EURGBP Wave Analysis 19 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP currency pair recently reversed up from the support zone located between the key support level 0.8225 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band. The upward reversal from this from the support zone is likely to form the daily Japanese candlesticks reversal pattern Bullish Engulfing – of the pair closes today near the current levels. Given the bullish divergence on the daily Stochastic, EURGBP currency pair can be expected to rise to the next resistance level 0.8300.
Long
by FxProGlobal
XRP Long OpportunityMarket Context: XRP has shown strong performance and is revisiting the 2021 resistance highs, which have now flipped into support. This creates an ideal zone for a long entry with solid risk-to-reward potential. Trade Details: Entry Zone: Around $1.80 Take Profit Targets: $2.42 $2.90 Stop Loss: Close below $1.60 This setup aligns with XRP’s bullish structure, providing an opportunity to capitalize on its momentum while managing downside risk effectively. 📈
Long
by Richtv_official