Resistance

USD/CAD FORECAST: MILDLY BULLISHUSD/CAD advances and challenges a key technical resistance as volatility begins to pick upCanada’s inflation data could be an important catalyst for price action next weekMarket sentiment should also be a…

I’ve got a couple of simple trend correction setups on Tesla Inc (TSLA) shares and EUR/CAD. Will these areas of interest hold as resistance again? Make sure you don’t miss ’em! Tesla Inc (TSLA): 4-hour Tesla Inc (TSLA) 4-hour Chart by…

WTI crude oil is retesting the 80.00 psychological level! February has been a good month so far for the crude oil benchmark, as it bounced from the 73.00 support to trade closer its current levels near 80.00. Last week, the commodity…

US Dollar (DXY) AnalysisUS dollar waiting game continues ahead of next week’s CPI data with the 50 SMA in focus once moreConsolidating DXY symptomatic of a market waiting for the next catalyst. Key levels to watchUniversity of Michigan…

Bitcoin (BTC/USD) just broke above a consolidation near 23,000! In case you missed it, the Fed recently raised its interest rates by another 25 basis points to 4.75%. Members also warned that “ongoing rate rises” will still be…

Gold (XAU/USD) Price Outlook:Gold futures retest $1,950 before easing back into narrow range.XAU/USD gaps on opening, diving the RSI deeper into overbought territoryUSD remains constricted in anticipation of the FOMC and NFP’s later this…

Amazon, Polygon (MATIC/USD), and GBP/USD are hitting major resistance levels on their daily time frames! Will we see rejections in the next few days? Or can bulls execute breakouts for them assets? Let’s take a closer look at their…

GBP/USD has dropped after facing barricades around 1.2400 despite the upbeat market mood. Volatility to remain squeezed ahead of the Fed-BoE interest rate policy. An oscillation by the RSI (14) in the 40.00-60.00…

Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” which is supporting, or holding up, prices. Resistance is a price level where rising prices stop, change…

Two of the primary features of any price chart that are critical components for any price action trader to thoroughly understand, are support & resistance levels and price action event zones. You are probably more familiar with…