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Support and Resistance

Dow Jones Futures Edge Up Ahead of Fed, GDP & Tech EarningsDow Jones Futures Edge Up Ahead of Fed, GDP & Tech Earnings – Bearish Bias Below 44,770 Dow Jones futures rose slightly overnight as investors brace for a packed session. Key events include the release of Q2 GDP data before the market opens, the Federal Reserve’s policy decision in the afternoon, and earnings reports from major tech firms later in the day. Yesterday, the Dow Jones managed to break below the ascending channel, which technically indicates a new bearish signal for today. The price stabilizing below 44,770, along with an attempt to break the support line at 44,610, suggests a potential downward move. Initially today, before the opening of the New York session, the price may attempt to rise toward 44,770 as a retest. However, we anticipate a decline afterward, aiming to break and pass the support level at 44,610, and then extend the drop toward 44,360. The bullish scenario becomes valid only if the price stabilizes above 44,770. If it can trade above this level for a longer duration, it may rise further toward 44,910. Key Levels • Support: 44,610 - 44,360. • Resistance: 44,770 - 44,910 - 45,100.
OANDA:US30USDShort
by SroshMayi
SPX500 Awaits Fed – Key Support at 6388 in FocusSPX500 Awaits Fed Decision – Breakdown Below 6365 Could Deepen Correction Following the registration of a new all-time high at the beginning of the week, the price has started to decline. Also, investors await the Federal Reserve's policy statement later today for guidance on the future path of monetary policy. The price is currently positioned below the 6388 level, which is a key zone in conjunction with the support line at 6365. This area signals the potential for a new downward correction if the price stabilizes below 6365. A sustained move below 6365, confirmed by a 1H or 4H candle close, would open the door to a sharper decline toward 6341, followed by 6319, both considered critical support zones. As for the bullish scenario: if the price finds support and manages to rebound today, the first step toward recovery would be a breakout above 6388, which may lead to a climb toward 6415. Breaking above 6415 would pave the way to retest the resistance zone at 6427, with the potential to reach a new all-time high at 6454. Key Levels • Support: 6365 - 6341 - 6319. • Resistance: 6388 - 6415 - 6427.
OANDA:SPX500USDShort
by SroshMayi
1
BankNfity levels - Jul 31, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty levels - Jul 31, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
GOLD → False breakdown 3310. Consolidation ahead of news...FX:XAUUSD is forming a false breakdown of support at 3310, thereby confirming the boundaries of the trading range. The dollar is testing strong resistance within the global downtrend. And in the near future, we can expect more economic news... Gold is trading below the key resistance level of $3345, remaining in a narrow range ahead of the Fed's decision and US GDP data for Q2. Weak data could reinforce expectations of a rate cut and support gold, while strong data would strengthen the dollar. The Fed is likely to keep rates at 4.25–4.5%, with markets pricing in a 64% chance of a 25 bps cut in September. Investors are waiting for signals from Jerome Powell, with a possible split within the Fed: some members may support calls for easing, which would be a driver for gold. Technically, the situation on D1 is quite interesting. Gold is still below the previously broken trend resistance, but there is no continuation of the momentum. Buyers are reacting to support at 3310, but the market is stagnating due to uncertainty ahead of the news... Resistance levels: 3345, 3375 Support levels: 3320, 3310, 3287 Thus, from a technical analysis perspective, I expect a retest of 3345, followed by a pullback to support at 3320, from which gold could move higher (if the bulls take the initiative), but if 3320 breaks and 3310 comes under pressure, gold could test 3287. Again, the emphasis is on trend support (the upward line) in the 3335-33450 zone. If the price can consolidate in this zone, we will have confirmation that the price has returned to the boundaries of the upward trend. Best regards, R. Linda!
FX:XAUUSD
by RLinda
17
DeGRAM | SHIBUSD fell below the support line📊 Technical Analysis ● A classic Head and Shoulders pattern has formed below resistance at 0.00001411, confirming a bearish reversal with neckline break. ● Price is descending inside a bearish flag and is testing prior support at 0.00001270, with the next major level near 0.00001088. 💡 Fundamental Analysis ● Risk sentiment weakened after latest FOMC minutes signaled persistent inflation risk, fueling a defensive tilt in crypto. ● Whale outflows from SHIB wallets and declining DEX volumes suggest bearish positioning and fading demand. ✨ Summary Bearish reversal confirmed below 0.00001411. Break of 0.00001270 opens path to 0.00001088. Watch neckline retests for renewed selling pressure. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
4
DeGRAM | GBPUSD reached the lower boundary of the channel📊 Technical Analysis ● GBPUSD has broken out of a falling wedge within a descending channel, reclaiming the lower boundary of the broader structure. ● Price is consolidating just above 1.33160 support and appears ready to retest the 1.34650 resistance, aided by a series of higher lows and a bullish break of short-term trendlines. 💡 Fundamental Analysis ● Weakening USD sentiment continues after Friday’s softer core PCE and downward revision of Michigan inflation expectations. ● UK economic sentiment improved after recent wage growth and mortgage approval data exceeded forecasts, bolstering GBP. ✨ Summary Breakout from wedge confirms bullish bias. Support at 1.33160; target 1.34650 short-term. Watch for rally continuation while holding above 1.33625. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
3
NAS100 MAY FORM THE BEARISH HEAD AND SHOULDERS.NAS100 MAY FORM THE BEARISH HEAD AND SHOULDERS. NAS100 has been trading sideways since the beginning of the week, forming local highs with lows staying at same price for the most part. The price seem to form the Head and Shoulders reversal pattern What is a Head and Shoulders? A Head and Shoulders pattern is a reversal chart pattern signaling a potential trend change. It consists of three peaks: two lower "shoulders" and a higher "head" in the middle, connected by a "neckline" (support level). A bullish (inverse) Head and Shoulders forms at a downtrend's end, signaling an uptrend; a bearish Head and Shoulders forms at an uptrend's end, signaling a downtrend. Currently the SMA50 is pushing on NAS100 from above, while SMA200 is supporting the price. In case the SMA200 on 30-m minutes timeframe gets broken, we may see the decline towards 23,200.00 support level.
FOREXCOM:NAS100
by ProfessorSingapore
DXY | Timeframe: 1MWith the breakout of the downtrend line drawn since 1985 and its breach in late 2014, the DXY index officially entered a relatively stable upward trend and is currently oscillating within a parallel channel. Although, on the monthly timeframe, it has recently touched the lower boundary of the channel, we can expect at least a rise toward the channel’s midline. However, if the lower support of the channel is broken, a static support around the approximate rate of 88 can be considered a notable support level. Should this support also fail, the long-term downtrend dating back to 1985 would be regarded as the most important support for the DXY index. Meanwhile, moving averages such as the MA50, MA100, and other longer-period moving averages serve as dynamic supports along the way. It is also worth mentioning that currently reaching the 120 level is considered an ideal target for the DXY index, and ultimately, it is by breaking this resistance zone that the index can reach its “Utopia”. --------- I will try to continuously update this analysis of the TOTAL symbol according to market changes and developments. Also, I welcome reading your critiques and comments, so don’t forget to leave a comment!
INDEX:DXYLong
by Neomway
HSI dipping, traders are flipping,stay Zen - Index is yoga-ing!Hello everyone! Today HK50 PEPPERSTONE:HK50 D open at 25350, Hi:25446 Lo:25164 IMO: Deep retracement is happening with profit taking from futures expiring tomorrow for traders & waiting for catalysts for talks next week. For 4H - Index moving closer to Gravity Trend Line - look out for entry for swing (using shorter tf to entry). At point of writing ✍️: the HK50 $PEPPERSTONE uptrend mode is on track and now in the retracing mode. currently on D Chart - 🗝️ Resistance Level : 25300 Support Level : 24950 Support level 24558 (MA30) 🗝️ Strong Support Level : 24048 (Gravity Trend Line) 1H Chart HK50 $PEPPERSTONE If today not able to close 25304 (25335 HSI), it's likely a deep retracement. Shor term pullback -for swing trade and for mid-longer term it's still on bull track. Most likely people profit taking before the HSI futures expires tomorrow. Macro view - Index continue to be Bullish. Well, markets cooled a bit waiting for details from the ongoing US-China trade talks early August'25. Higher Hi🚩point marked in Chart HK50 $PEPPERSTONE 21May2025 -23909 11June2025 -24430 25June2025 -24531 16Jul2025 - 24842 18Jul2025 - 25052 24Jul2025 - 25729 ?? ??2025 - 26163 Revised Target The HSI Index HSI:HSI At point of writing ✍️ Index is being sucked towards to D GravityLine - 24085; it fall below the sideway box. If it doesn't close above the key support level this week, the deep retracement is happening. 🧨🧨🧨Pay attention and cautious. 🗝️ Next Resistance Level : 25350 🗝️ Next Support Level : 24900-25200 🗝️ Strong Support Level : 24300-24750 Let's follow your own zentradingstrategy , continue to trade; Observe your emotions as you would the clouds—passing, shifting, never you.— Mindfulness helps you respond, not react, in volatile markets and moments. Be ease at trading! ** Please Boost 🚀, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Share your trading journey here to encourage the community and friends who pursing the same journey.
PEPPERSTONE:HK50
by ChenQianYu
XAUUSD. MINOR UPWARDS CONSOLIDATION BEFORE THE NEXT MOVE.XAUUSD. MINOR UPWARDS CONSOLIDATION BEFORE THE NEXT MOVE. XAUUSD rebounded from local support level of 3,300.00 and attempted to develop some bullish momentum here yesterday. However, the price went into consolidation, showing us the weakness of this short-term bullish rebound. RSI shows the bearish divergence, the price is ready to drop. Of course, fundamentals of last couple of days don't favor this asset either. The decline towards support level of 3,300.00 is expected.
FOREXCOM:XAUUSDShort
by ProfessorSingapore
EURUSD – Will the bullish parallel channel hold?The EUR/USD currency pair is currently trading within a clearly defined bullish parallel channel, as shown on the 4-hour chart. This channel has provided consistent directional structure over recent weeks, with price respecting both its upper resistance and lower support boundaries. At present, the pair is approaching the lower end of this channel, raising the critical question: will it bounce off support and continue the bullish trajectory, or will it decisively break down, opening the door to lower price targets? Bullish parallel channel On the 4-hour timeframe, the EUR/USD has been consistently moving within a bullish parallel channel, characterized by higher highs and higher lows. This price structure suggests sustained upward momentum, with the top of the channel acting as dynamic resistance and the bottom as reliable support. Today, price action is testing the lower boundary of the channel once again. A successful hold at this level could confirm continued bullish structure and open the door for a potential rebound. Bullish scenario In the bullish scenario, the EUR/USD holds its ground at the support region around 1.164, where the lower boundary of the channel intersects with price. For upward continuation, it must overcome the short-term resistance posed by the 4-hour Fair Value Gap (FVG) between 1.169 and 1.174. A reclaim and close above this zone could signal a shift in short-term momentum and lead to a move back toward the upper boundary of the channel. However, the path upward is not without resistance , price must navigate through potential supply zones and maintain higher lows to preserve the bullish structure. Bearish scenario On the other hand, a break and close below the channel support could indicate a change in market sentiment and invalidate the bullish pattern. In this bearish case, we would expect a structure break confirmation followed by a possible retest of the broken trendline and the 4-hour FVG. If this retest fails to reclaim the trendline, bearish continuation becomes more likely. The next significant area of interest lies around the 1.150 level, where a bullish 4-hour FVG exists. This zone could act as a potential short-term support and serve as a target for the downside move before any meaningful bounce occurs. Final thoughts The EUR/USD pair is currently at a technical crossroads. Traders should watch closely for price behavior around the lower channel boundary to determine whether bullish momentum will resume or whether a bearish breakout will set the tone for deeper retracement. Confirmation, either through a bounce or a breakdown with a retest, will be key in validating the next directional move. ------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Thanks for your support. If you enjoyed this analysis, make sure to follow me so you don't miss the next one. And if you found it helpful, feel free to drop a like 👍 and leave a comment 💬, I’d love to hear your thoughts!
by Youriverse
61
XAUUSD (Gold) Analysis – July 30, 2025 | 15-Min ChartStructure & Context Gold is consolidating just above the key intraday support of $3,323, following a bounce from the high-demand zone ($3,322–$3,323.5). Demand Zone Validity The yellow zone has consistently attracted buyers, defending it multiple times with sharp rejections. This confirms it as a short-term demand base. Resistance Still Capping Upside $3,330.85 acts as immediate resistance. Price has failed to close above it despite several wicks testing this zone — showing strong seller presence. Scalp Long Idea In Play A buy setup is in motion with entry near $3,323.5, stop below $3,322, and target at $3,337.5. Risk-to-reward remains favorable while above demand. Critical Levels to Watch Support: $3,322.8 → $3,308.3 → $3,302.5 Resistance: $3,330.8 → $3,337.5 → $3,345.4 🎯 Bias: Bullish above $3,322, bearish if broken.
OANDA:XAUUSD
by TheWallstreetCapital
Crypto Total Market Cap (TOTAL) | 1WThe crypto market cap represented by the symbol TOTAL can be considered the most important index for analyzing the cryptocurrency market, although I believe that analyzing Bitcoin itself, given its strong positive correlation with the TOTAL index, would yield similar results. In the attached image, the red line actually indicates the overall resistance level of the symbol, and the drawn parallel channel illustrates the current upward trend of the TOTAL symbol, which is now on the verge of encountering its round resistance at 4 trillion dollars. While we should expect a correction around this level, breaking through the 4 trillion dollar resistance could likely lead to a market cap of 6 to 7 trillion dollars in the next phase. On the other hand, with support at 2.4 trillion dollars based on the 100-week SMA on the weekly timeframe, the 750 billion dollar level—marked by a green zone in the image—can still be considered the most important long-term market support, even before the fifth halving. I will try to continuously update this analysis of the TOTAL symbol according to market changes and developments. Also, I welcome reading your critiques and comments, so don’t forget to leave a comment!
CRYPTOCAP:TOTAL
by Neomway