Support and resistance levels is a basic concept of technical analysis. They are widely used to identify levels at which a trend of a financial instrument may be interrupted and reversed. These levels are denoted by price price turning points and multiple touches of price without a breakthrough of the level.
A support level is a price level where buying interest is sufficiently strong and where the price trends to find support as it falls.
A resistance level is the opposite: it is defined as a price level where buying interest is sufficiently weak and where the price trends to find resistance as it rises.
Over time, price fluctuates between these two levels. However, once the price has soared above resistance lines or broke through support lines, market participants assume a change in market sentiment.
On this page you will find automated recognized support and resistance levels that gives you a daily quick overview for many markets and instruments. A standardized recognition process examines the complete price history of each instrument and separates between minor, medium, and major lines. This automatic process ensures objective and reliable results in a humanlike manner and allows users to focus on short, mid-term or long-term views.