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Support and Resistance

AUDUSD: Dropping To the Weekly FVG, As Expected!In this video, we will analyze the following FX market for July 31 - Aug 1st. AUDUSD Been waiting and watching for this move, and we've tracked it for weeks! It's happening now! Look for it to continue until we reach the +FVG! 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.
Short
by RT_Money
1
AUD/USD Rejected at Resistance-Fed on TapYesterday’s Fed-induced sell-off broke through the monthly opening-range lows / 52-week moving average with the bears now poised to mark a sixth-consecutive daily decline. It's worth noting that weekly momentum peaked at 60 on the April advance with RSI now poised to close back below 50. The observation suggests the broader downtrend remains intact and a pivot / break below slope support could mark trend resumption. Initial weekly support is eyed with the February high at 6408 and is backed by the 38.2% retracement of the yearly range / February high-week close (HWC) at 6354/57. A break / daily close below this region would be required to suggest that a more significant high is in place, potentially signaling a larger reversal underway. In such a scenario, the next downside objectives would be the yearly low-week close and 2023 low-close at 6291/96, followed by the 61.8% retracement and 2022 low-close at 6186–6201. Both of these zones are key areas of interest for potential downside exhaustion / price inflection IF reached. Look for initial resistance back at the 52-week moving average (currently ~6460) with key resistance now seen back at the 61.8% retracement / yearly high-close at 6550/77. Note that the upper parallel converges on this threshold over the next few weeks and further highlights the technical significance of this zone. Ultimately a breach / weekly close above the 2021 trendline (red) would be needed to validate a breakout of the multi-year downtrend in Aussie. Bottom line: A reversal off downtrend resistance is now approaching initial support- risk for trend resumption heading into August. From a trading standpoint, the immediate focus is on the weekly close with respect to 6400- rallies should be limited to the 52-week moving average IF Aussie is heading lower on this stretch with a close below needed to keep the immediate short-bias viable heading into the monthly cross. Keep in mind we get the release of key US employment data tomorrow with Non-Farm Payrolls on tap. Stay nimble into the release and watch the weekly close / August opening-range for guidance for guidance. -MB
by FOREXcom
Nifty Analysis EOD – August 1, 2025 – Thursday🟢 Nifty Analysis EOD – August 1, 2025 – Thursday 🔴 🎢 Illusion Rally: What You See, Isn’t What It Was! 🧾 Nifty Summary As we all expected, a negative gap-down opening occurred due to external news. Nifty opened 183 points lower, tested the 24,660–24,675 support zone, then rebounded sharply after a symmetrical triangle + VWAP breakout. The rally pierced through all key levels like a hot knife through butter, topping at 24,950, only to reverse with equal intensity. Closed at 24,765. 📌 Despite the technical structure, today’s move had no clear technical reasoning — more likely triggered by a mix of tariff news, confidence in Modi, weekly + monthly expiry, and manipulation. 📌 in spite of a bullish candle, strong upper rejection from 24,950 hints weakness. Candle appears bullish on colour, but bears dominated intraday close — forming a bearish Moboroshi Candle (illusion of strength). 📌 Bearish Moboroshi Candle Structure : close > open and close < Previous Close 🔍 Intraday Walk 📉 Gap down of 183 pts 🟢 Support held at 24,660–24,675 🔺 Symmetrical triangle + VWAP breakout 🚀 Sharp upmove to 24,950 zone 🔁 Reversal with same intensity 📉 Closed at 24,765 — below prior close 🖼 5 Min Time Frame Chart with Intraday Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,642.25 High: 24,956.50 Low: 24,635.00 Close: 24,768.35 Change: −86.70 (−0.35%) Candle Structure: ✅ Green Candle (Close > Open) → +126.10 pts real body ⬆️ Upper Wick → 188.15 pts (Very Long) ⬇️ Lower Wick → 7.25 pts (Tiny) Interpretation: Opened near yesterday's low Intraday sharp rally towards 24,950+ Faced strong selling at highs Closed above open, but way below high — signals clear rejection Candle Type: 📌 Bearish Moboroshi Candle — Appears bullish but hides weakness 🧠 Buyers strong initially, but sellers took control at the top Key Insight: Bulls need decisive close above 24,880–24,910 Else, expect drift back toward 24,660–24,675 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 208.29 IB Range: 93.95 → Medium Market Structure: Unbalanced Trades Triggered: ✅ 10:40 AM – Long Entry → Trailing Target Hit (R:R – 1:6.25) 📌 Trade Summary: Big R:R win today on breakout with trailing logic execution! 🧱 Support & Resistance Levels 🔺 Resistance Zones: 24,820 ~ 24,830 24,850 24,880 ~ 24,890 24,910 🔻 Support Zones: 24,780 24,725 ~ 24,715 24,660 ~ 24,650 24,620 ~ 24,600 💭 Final Thoughts "When the move can’t be explained, the best position is caution." Today's market behavior reinforces the idea that not all moves are technical. Keep your tools sharp, but don’t ignore contextual chaos. ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
2
XAUUSD: BUYThere are some good trading opportunities in the market. That's when to buy. Gold prices haven't fallen further since falling back to 3390. There's no further negative news. Therefore, there won't be a significant short-term decline. Our focus will be on tomorrow's non-farm payroll data update. This is a crucial factor that can cause gold prices to rise or fall significantly in the short term. I'll update you with real-time buy and sell opportunities. This is based on research from the Swing Trading Center. It's highly authoritative. Don't miss out! Remember to stay tuned. XAUUSD: BUY 3292-3282 TP 3320. SL 3265
TVC:GOLDLong
by WIN_Ludvig
USD/CHF Rally Threatens ReversalThe July opening range broke to the topside on the heels of yesterday’s FOMC rate decision and takes USD/CHF back above the 25% parallel- a weekly close back above the April lows at 8040 tomorrow would suggest a more significant low is in place / a larger reversal is underway. Look for initial support near 8103 today for guidance. Initial topside resistance objectives eyed at the 1.618% extension of the monthly advance and the 61.8% retracement of the May decline at 8222/46 backed by the median line, currently near the 83-handle. Key lateral resistance stands at 8380-8416- a region defined by the 38.2% retracement of the yearly range, the 2024 low-close, the 2023 low-week close (LWC) and the 2024 yearly open (an area of interest for possible topside exhaustion / price inflection IF reached). Support rests at the yearly LWC at 7946 with a break / close below 7881 needed to mark resumption of the broader multi-year downtrend. Subsequent support objectives seen at the 2011 LWC at 7769 and the 2011 low-close at 7669. Bottom line: USD/CHF is threatening a larger reversal within the broader downtrend. From a trading standpoint, losses would need to be limited to 8040 IF price is heading higher on this stretch with weekly close above 8103 on Friday needed to keep the immediate advance viable into the August open. -MB
by FOREXcom
1
DeGRAM | SOLUSD is holding the $177 level📊 Technical Analysis ● SOLUSD is bouncing from the rising trendline support at 177 after a retracement, maintaining structure within a bullish ascending wedge. ● Price holds above the prior resistance-turned-support near 176.9, with a clear path to retest the 205.8 and 219–222 confluence zone. 💡 Fundamental Analysis ● Solana's 30-day DApp volume ranks top 3 among L1s, signaling increased utility. Institutional SOL inflows also continued for a fifth week, per CoinShares. ● Strong user metrics and positive funding rates suggest bullish momentum remains supported on-chain and through derivatives markets. ✨ Summary Buy dips above 177. Targets at 205 ▶ 220. Long setup holds while price stays above 175. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
4
DeGRAM | GOLD reached the $3300 level📊 Technical Analysis ● XAUUSD remains capped below a broken trendline retest near 3,355, while price forms a lower-high inside a descending channel. ● The repeated rejection of the 3,357.83 resistance level, coupled with failed bullish continuation, points to renewed downside toward 3,300 and 3,262. 💡 Fundamental Analysis ● A rebound in the DXY after strong US consumer sentiment and pending home sales adds pressure to gold, reaffirming real-yield strength. ● Traders are reducing long exposure ahead of upcoming NFP data and Powell’s next statement, shifting bias away from risk hedges. ✨ Summary Short bias below 3,355. Break under 3,320 eyes 3,300 → 3,262. Key breakdown risk if lower trendline fails. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FX:XAUUSDShort
by DeGRAM
12
USDCAD Wave Analysis – 31 July 2025 - USDCAD broke resistance zone - Likely rise to resistance level 1.3900 USDCAD currency pair recently broke the resistance zone located between the resistance level 1.3785 (upper border of the sideways price range from the start of June) and the 50% Fibonacci correction of the downward impulse from May. The breakout of this resistance zone accelerated the active impulse wave 3, which belongs to medium-term impulse wave (B) from the start of July. USDCAD currency pair can be expected to rise further to the next resistance level 1.3900 (target price for the completion of the active impulse wave 3).
Long
by FxProGlobal
GBPJPY: Important Demand Zone 🇬🇧🇯🇵 GBPJPY is trading within an important demand zone that is based on a rising trend line and a horizontal support. We see a false violation of that and a bear trap, followed by a bullish imbalance candle. I think that the pair may go up and reach at least 198.08 level. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
2
USDCHF - Looking To Buy Pullbacks In The Short TermH1 - We have a clean bullish trend with the price creating a series of higher highs, higher lows structure. This strong bullish momentum is followed by a pullback. No opposite signs. Until the two Fibonacci support zones hold I expect the price to move higher further. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 --------------------------------------------------------------------------------------------------------------------
Long
by VladimirRibakov
Copper testing support!Following the surprise announcement that the US administration is exempting tariffs on refined metals, the price of copper has tanked and connected with a 6M support from US$4.3805. Notably, directly above, we have a 1Y resistance level from US$4.4590 and a 3M resistance level at US$4.5515, while a breakout south could lead the base metal to as far south as 6M support at US$4.0380. Given the downside momentum, a breakout lower could serve to add to the current bearish flow and potentially see sellers pyramid positions. Written by the FP Markets Research Team
COMEX:HG1!Short
by FPMarkets
BankNifty levels - Aug 01, 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
UK 100 – Moving Back Into the Spotlight It’s been a while since we covered the UK 100, but it feels like recent moves and the fact there is a Bank of England (BoE) rate decision next Thursday (August 7th) means it warrants some extra attention. For much of 2025 the UK 100 has been the under achiever when compared to other European indices, but things have changed slightly in July as a result of the breakout above the previous all-time high at 8909 (more on this below in technical update) which has led to multiple record peaks all the way up to the most recent one registered on July 28th at 9177. This up move has been aided by bullish technical momentum, a weaker GBPUSD exchange rate, which can add support to the index given that UK 100 companies are multi-national, earning over 60% of their revenue outside of the UK, and increased expectations for a BoE rate cut of 25bps (0.25%) at their next rate meeting on Thursday August 7th. Now, looking forward, before traders get ready for that BoE meeting, they must contend with the challenges presented by President Trump’s trade policy and two key US economic data releases that could impact sentiment towards the UK 100 into the weekend. The first piece of data is the US PCE Index inflation print, released later today at 1330 BST and the second is tomorrow’s Non-farm Payrolls update at 1330 BST. Once traders have more clarity on the outlook for global trade after President Trump’s August 1st tariff deadline has passed, alongside the fresh insight into the current path of US inflation and the health of the labour market provided by these two pivotal pieces of economic data, their preparation can begin for a potential 25bps (0.25%) rate cut in the UK, as the market expects and the accompanying commentary from BoE Governor Bailey in the press conference on whether more cuts could be in the pipeline across the remaining months of 2025. Technical Update: Assessing the Current Uptrend Since posting a low of 7525 on April 7th it has been a positive period of trading for the UK 100 index, a move that has seen a near 22% advance. As the chart below shows, except for the decline down to 8692 on June 26th, this has been an almost uninterrupted phase of price strength, as a positive pattern of higher price highs and higher price lows has materialised. Of course, there is no guarantee that this type of positive pattern will extend and continue to see new all-time highs posted, but traders may be anticipating further attempts at upside price extension, especially while support below current price levels remains intact. So, with this in mind, let’s look at what could be the relevant support and resistance levels that might influence trader sentiment over upcoming sessions. Potential Support Levels: While Monday did see a new all-time high posted at 9177, a price sell-off then materialised to register a low for the day at 9060, but with support being found at this level, it might be suggested this now represents a higher low within the positive trend and as such, is potentially now the first support focus, as the chart below shows. Traders may find it useful to monitor how 9060 performs as a support on a closing basis, as if it were to give way over coming sessions, a more extended phase of price weakness may result. Such downside support breaks could then see the focus shift to the 38.2% Fibonacci retracement of June 26th to July 28th strength which stands at 8990, possibly even the 50% level at 8933. Potential Resistance Levels: Having been capped by the July 28th high at 9177, the UK 100 index may now need to see successful closing breaks above this level to suggest a continuation of the recent positive price trend. Successful closing breaks above the 9177 high, may be an indication of continued price strength, opening potential for moves to the next possible resistance at 9253, which is the 161.8% Fibonacci extension, even 9335, the higher 200% extension level. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:UK100
by Pepperstone