Current Market Condition EUR/USD is trading at 1.08432. The price is approaching a resistance zone around 1.08550. The support level is near 1.07800. Forecasted Movement 1. Bearish Scenario (More Likely Based on Chart) If the price fails to break above 1.08550, we may see a rejection and a pullback toward the 1.07800 support level. If 1.07800 breaks, further...
Current Market Condition Gold is trading at 2,884.645 USD. The price has recently tested the sell zone (resistance area) and is showing signs of rejection. There is a key support level around 2,860 USD, which could act as a target if the price declines. Forecasted Movement 1. Bearish Scenario (More Likely Based on Chart) If gold fails to break above the sell...
Bitcoin (BTC) Price Forecast Based on Chart Analysis Current Market Condition Bitcoin is currently trading around 78,978 USDT. The price has been declining and recently tested the support zone, which now acts as a short-term resistance. Volume shows some selling pressure, indicating potential further downside movement. Forecasted Movement 1. Bearish...
Analysis & Forecast 1. Support at 80,000 USDT The price has tested this level multiple times, indicating strong demand. Two green arrows suggest potential bullish movement from this zone. 2. Resistance at 88,000 USDT This is the key target if BTC continues to rally. Price may face selling pressure here, causing a pullback. 3. Potential Scenarios: Bullish Case:...
1. USD/JPY Forecast: Support: ~147.00 Resistance: ~149.00 Distance: ~200 pips 2. GBP/USD Forecast: Resistance (Double Top): ~1.2920 Support: ~1.2800 Distance: ~120 pips 3. EUR/USD Forecast: Resistance: ~1.0850 Support: ~1.0700 Distance: ~150 pips These distances represent the expected range of movement based on your chart analysis. If you need more details...
1. Double Top Resistance: Around 1.2920 2. Current Price: 1.29179 3. Support Level: Around 1.2800 Distance Calculations: Distance from Resistance (Double Top) to Support: 1.2920 - 1.2800 = 0.0120 (120 pips) Distance from Current Price to Support: 1.29179 - 1.2800 = 0.01179 (117.9 pips) Distance from Current Price to Resistance: 1.2920 - 1.29179 = 0.00021 (2.1...
Support Level: Around 147.0 2. Current Price: 147.618 3. Resistance Level: Around 149.0 Distance Calculations: Distance from Support to Resistance: 149.0 - 147.0 = 2.0 JPY Distance from Current Price to Resistance: 149.0 - 147.618 = 1.382 JPY Distance from Current Price to Support: 147.618 - 147.0 = 0.618 JPY This analysis suggests that if the price holds...
1. Resistance Zone (~190.8 - 191.2): The price has tested this area multiple times but has struggled to break through, indicating strong selling pressure. 2. Support Zone (~188.0 - 188.5): A key level where buyers previously stepped in, potentially acting as the next target if the price declines. 3. Projected Price Action: The red arrow suggests a rejection from...
Gold is trading at $2,909.55 with a minor decline of -0.05%. The chart shows a rising channel where price movements are confined between support and resistance areas. A recent breakdown from the channel suggests a possible retest of the support level around $2,900. Short-Term Forecast Bullish Scenario: If the price holds above the support zone (~$2,900), we...
Scenario 1: Bullish Rebound from Support (Likely Scenario) The price has hit the support level and is showing signs of a rebound. If buying pressure increases, BTC could test the 86,000 USDT resistance. A break above 86,000 USDT could lead to further upside momentum. Scenario 2: Failure to Hold Support (Bearish Case) If BTC fails to sustain above 83,000 USDT, it...
Bitcoin (BTC/USDT) Forecast Based on Chart Analysis Market Overview: Current Price: ~$85,726 Resistance Zone: Near $86,000 Support Target: Around $84,000 Technical Outlook: 1. Bearish Structure – The chart shows a descending channel, indicating a gradual decline in price action. 2. Resistance at $86,000 – Price recently tested this zone but failed to break...
Gold Market Forecast for This Week (Based on Chart Analysis) Key Levels & Setup: 1. Support Buy Zone (~$2,880 - $2,901) The chart suggests a strong buying opportunity around the CPI buy area (near $2,880 - $2,901). This area has acted as support before, making it a key level for a potential bullish reversal. 2. Resistance Area (~$2,929 - $2,940) The price is...
Gold Market Forecast for This Week (Based on Chart Analysis) Key Levels & Setup: 1. Support Buy Zone (~$2,880 - $2,901) The chart suggests a strong buying opportunity around the CPI buy area (near $2,880 - $2,901). This area has acted as support before, making it a key level for a potential bullish reversal. 2. Resistance Area (~$2,929 - $2,940) The price is...
The chart indicates a potential bullish movement for USD/JPY, based on price action analysis. Here's the forecast based on this technical setup: 1. Support Level Around 147.00 – The price recently tested this level and showed a bounce, indicating strong demand at this zone. 2. Current Recovery to 148.00 – The price has started moving up after bouncing from...
Forecast Based on the Chart Analysis (EUR/USD 1H Timeframe) 1. Resistance Zone: Around 1.08332 2. Support Zone: Around 1.06482 3. Current Price: 1.08191 Potential Movement Scenarios Bearish Scenario (Likely Based on the Analysis) The price is testing a resistance area and struggling to break higher. If rejection happens at this level, a downward move toward...
1. Support Level: Around 190.000 2. Resistance Level: Around 193.000 3. Current Price: 191.190 4. Distance Between Support and Resistance: 193.000 - 190.000 = 3.000 (JPY) Price Movement Analysis: If GBP/JPY bounces from 190.000 support and moves toward 193.000 resistance, the potential upside movement is 3.000 JPY. If GBP/JPY breaks below 190.000, further...
1. Support Level: Around 84,000.00 2. Resistance Level: Around 90,000.00 3. Current Price: 86,434.59 4. Distance Between Support and Resistance: 90,000.00 - 84,000.00 = 6,000.00 (USD) Price Movement Analysis: If BTC bounces from 84,000.00 support and moves toward 90,000.00 resistance, the potential upside movement is 6,000 USD. If BTC breaks below 84,000.00,...
1. Support Level: Around 2,896.351 2. Resistance Level: Around 2,940.000 3. Current Price: 2,909.550 4. Distance Between Support and Resistance: 2,940.000 - 2,896.351 = 43.649 (USD) Price Movement Analysis: If the price bounces from support (2,896.351) and reaches resistance (2,940.000), the potential upside movement is 43.649 USD. If the price breaks below...