Forexbeats

Forexbeats

XAUUSD (Gold) 1H Analysis – Head and Shoulders Breakdown Chart Pattern Analysis: The chart displays a Head and Shoulders pattern, a classic bearish reversal structure. The left shoulder, head, and right shoulder are clearly labeled, confirming the formation. Price has broken below the neckline, signaling potential further downside movement. Support and Resistance...

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Analysis of CAD/JPY (1H Chart) Trend Reversal & Breakout: The price previously moved within a descending channel but has since broken out to the upside. This breakout indicates a shift in market structure from bearish to bullish. Key Resistance at 106.203: The chart suggests a bullish target around the 106.203 resistance level. If price reaches this level, we...

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Gold (XAU/USD) - 4H Analysis Technical Overview: Price is moving within a well-defined ascending channel. It is currently testing the upper boundary of the channel, which has acted as resistance multiple times (highlighted in orange circles). Historically, each time price touches this upper boundary, a pullback follows. Key Levels to Watch: Resistance: $3,000 -...

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Germany 40 (DE40) - 4H Analysis Technical Overview: The price broke below an ascending trendline, signaling a potential trend reversal or deeper correction. Currently, it's retesting the broken trendline, which could act as resistance. A drop towards the 21,709 support level is possible if sellers maintain control. Key Levels to Watch: Resistance: 22,719 (Current...

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NASDAQ (US Tech 100) - 4H Analysis Technical Overview: The price has been in a strong downtrend, trading inside a descending channel. Recently, it reached a potential support level around 19,375 - 19,500 and is showing early signs of reversal. A breakout above the channel resistance could confirm a short-term bullish move. Key Levels to Watch: Support Zone: 19,375...

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USD/JPY – Daily Chart Analysis (March 12, 2025) Market Structure & Key Levels: Current Price: 148.358 The pair is in a downtrend, forming lower highs and lower lows after breaking a key ascending trendline. Key Resistance: 149.252 (previous support, now acting as resistance). Key Support: 140.000 – 142.000 zone (highlighted in purple, strong demand area). Possible...

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Bitcoin (BTC/USD) – Weekly Chart Analysis (March 12, 2025) Market Structure & Key Levels: Price: $82,451 Bitcoin recently pulled back after reaching a new high above $100,000, correcting toward a major support area around $68,594. The previous all-time high (ATH) from 2021 (~$68,000) has turned into a key support level. The ascending trendline is also aligning...

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NASDAQ 100 (1W) Technical Analysis – March 12, 2025 Market Structure & Breakdown: The NASDAQ 100 has broken down from a rising wedge pattern, a bearish signal. This breakdown led to a sharp sell-off, pushing the price to 19,423. The next key support zone is highlighted around 18,000 – 17,500 (purple box), where buyers might step in. Volume & RSI Analysis: The...

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XAU/USD (1H) Technical Analysis – March 11, 2025 Market Structure & Trendlines: Gold has been in an uptrend, consistently making higher highs and higher lows. The previous trendline was broken, leading to a temporary pullback. A new trendline has formed, acting as a dynamic support level for potential further upside movement. Price Action & Key Levels: Gold is...

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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...