Forexbeats

Forexbeats

BTC/USD (1D) Technical Analysis – March 10, 2025 Market Structure & Price Action: Bitcoin was previously in an ascending channel, making higher highs and higher lows. The price has broken below the channel, signaling a potential trend shift or deep pullback. BTC is currently testing the $79,966 level, with the next major support at $73,074. Volume Analysis: Volume...

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EUR/JPY (4H) Technical Analysis – March 6, 2025 Market Structure & Price Action: The pair was previously in a downtrend, forming a descending channel. A breakout above the descending trendline occurred, signaling a potential trend reversal or at least a strong retracement. Price surged past resistance at 156.38, confirming the breakout with bullish momentum. The...

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3. Key Levels to Watch Resistance: 152.14 (Major resistance and previous rejection level) 150.50 - 151.00 (Local resistance from recent price action) Support: 146.00 - 145.50 (Key demand zone, recently tested) 143.50 - 144.00 (Next major support if price continues down)

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USDJPY 1H Analysis (March 7, 2025) Market Structure & Price Action: The price is currently around 147.44, after a recent downtrend. A key resistance level is marked at 148.169, which previously acted as support. A bullish divergence is visible between price and RSI, indicating a possible reversal or at least a short-term retracement. Technical Indicators: RSI...

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DAX Index – 1H Chart Analysis (February 20, 2025) 1. Market Structure & Trend Analysis Ascending Channel: The price has been trending upwards within a well-defined ascending channel. Support Retest: Price is currently testing the lower boundary of the channel, which has acted as dynamic support throughout the uptrend. Potential Bounce: The blue arrow suggests an...

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EUR/JPY – 4H Chart Analysis (March 6, 2025) 1. Market Structure & Trend Analysis Falling Wedge Breakout: Price was previously in a descending channel, forming a falling wedge pattern, which is a bullish reversal signal. Strong Breakout & Momentum: The breakout led to a sharp rally, confirming bullish intent. Retest of 159.87: Price is currently retesting the...

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USD/JPY – 1D Chart Analysis (March 4, 2025) 1. Market Structure & Trend Analysis Break of Uptrend: The pair had been in an uptrend but recently broke below a key ascending trendline, signaling a shift to a bearish bias. Support Zone Tested: Price recently dropped into the 145.50 - 146.50 demand zone, where buyers attempted to step in. Rejection from 152.14: A...

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XAU/USD (Gold) – 1H Chart Analysis (March 4, 2025) 1. Market Structure & Trend Analysis Rising Wedge Breakdown: Gold was previously in an ascending wedge pattern, which has broken to the downside. Key Support at $2,836: This level is a significant horizontal support, and price is likely to test it again. Lower Highs Formation: The price is making lower highs,...

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Dow Jones Industrial Average (US30) – Daily Chart Analysis (Feb 28, 2025) 1. Market Structure & Trend Analysis Recent Downtrend: The price is in a corrective phase after reaching new highs. Key Support at 41,739: This level has acted as a strong support in the past, making it crucial for price action. Trendline Support: Below 41,739, there is a rising trendline...

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USD/CHF – 4H Chart Analysis (Feb 28, 2025) 1. Market Structure & Trend Analysis Break of Uptrend: The price broke below the previous ascending trendline, indicating a shift in momentum. Descending Trendline Retest: USD/CHF is currently testing the 0.9010 resistance, which aligns with a previous support level now turned resistance. Potential Rejection Zone: If the...

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EUR/JPY – 4H Chart Analysis (Feb 27, 2025) 1. Market Structure & Trend Analysis The chart shows that EUR/JPY has broken out of a descending channel, indicating a potential bullish reversal. A higher low formation could confirm the beginning of an uptrend. The key resistance level to watch is 159.87, where the price could face selling pressure. 2. RSI & Momentum...

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Gold (XAU/USD) – 1H Chart Analysis (Feb 27, 2025) 1. Market Structure & Trend Analysis Gold has been trading inside an ascending channel, but recently, price broke below the lower trendline, suggesting potential downside continuation. The key support level at $2,836 is highlighted as a major area to watch. If this level breaks, further downside could be...

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Gold (XAU/USD) – Daily Chart Analysis (Feb 25, 2025) 1. Market Structure & Trend Analysis Gold is in a strong uptrend, recently hitting new highs near $2,953. However, the chart shows a rising wedge pattern, which is a bearish reversal signal when broken to the downside. The last few candles suggest potential weakness, as price action is struggling to push...

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US Tech 100 CFD (NASDAQ) – Weekly Chart Analysis (Feb 25, 2025) 1. Market Structure & Trend Analysis The chart shows a clear uptrend but with a recent rising wedge breakdown, which is typically a bearish reversal pattern. A strong rejection from all-time highs (~22,000) suggests that sellers are stepping in. Key downside target: The chart highlights a possible...

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DAX Index – 1H Chart Analysis (Feb 20, 2025) 1. Trend & Market Structure The DAX is trading inside a strong ascending channel, indicating a well-defined bullish trend. The price recently tested the lower boundary of the channel, which has acted as dynamic support throughout the rally. There is a bullish reaction forming at this trendline support, suggesting...

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Nifty 50 Index – Daily Chart Analysis (Feb 18, 2025) 1. Trend & Market Structure The Nifty 50 index remains in a long-term uptrend, with a well-respected upward trendline providing dynamic support. The market recently pulled back from its all-time highs (~27,000) and is now testing a critical support zone (~22,750 - 23,000). The price is currently sitting at the...

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Hang Seng Index Futures (HSI1!) - Weekly Chart Analysis (Feb 17, 2025) 1. Trend Analysis The chart suggests that HSI is in a long-term upward channel, respecting both upper and lower trendlines. The index recently rebounded from the lower trendline, indicating a strong support level holding. A potential uptrend continuation is forming, aiming for higher resistance...

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XAU/USD (Gold) 4H Chart Analysis – February 17, 2025 1. Trend Analysis The chart shows an upward channel, indicating a strong bullish trend. Gold recently made an all-time high, suggesting strong momentum in previous sessions. However, a breakdown of the steep short-term trendline suggests a possible correction in the near term. 2. Key Levels Support Level: Around...