Support and resistance

1 minute read
|16 Apr 2024
EUR/USD chart (breakout strategy) (November 2015 - February 2016)

Support and resistance levels are common technical analysis techniques used to help identify trade opportunities. These primary indicators can be used on any chart type, helping to identify buying and selling opportunities. They can also aid effective risk management by highlighting potential stop-loss and take-profit order levels.

Join over 1,000,000 clients on our award-winning trading platform
Practise trading with $10,000 of virtual funds on a risk-free demo account.
Access 12,000+ instruments on our award-winning Next Generation platform. Including indices, forex and shares.
Enhance your trading on MetaTrader4 with CMC Markets and access 175+ forex pairs.
No hidden fees, tight spreads and low margin rates.
Trustpilot
Beginner
Advanced
Charting
Support
Support
x

Welcome to CMC Markets Support!

To begin, please select the product your query is related to.

Share investing
What's this?
Buying and selling shares on the stock exchange
CFDs
What's this?
Leveraged trading on the open and close price of a trade