Forexbeats

Forexbeats

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...

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BTC/USD – Daily Chart Analysis (Feb 13, 2025) 📊 Market Structure: Rising Wedge Pattern: BTC is currently trading inside a rising wedge, which is typically a bearish reversal pattern. Key Horizontal Support Levels: $73,074 – Strong previous support, potential target if a breakdown occurs. $55,247 – Major support zone from past price action. 🔑 Key Technical...

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GBP/CHF – 4H Chart Analysis (Feb 13, 2025) 📊 Market Structure: Ascending Channel: Price is trading within a well-defined upward-sloping channel, indicating a bullish trend. Parallel Support Zone (~1.1310 - 1.1330): This area has acted as both resistance and support in the past, making it a key level to watch. 🔑 Key Levels: Resistance: ~1.1400+ (upper boundary of...

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Gold (XAU/USD) – 1H Chart Analysis (Feb 12, 2025) 📉 Market Structure: Gold remains in an ascending channel, showing a steady uptrend. Price recently made a lower high, indicating short-term weakness. The key support zone ($2,850-$2,860) aligns with the lower trendline. 🔑 Key Levels to Watch: Support: $2,850-$2,860 (trendline + demand zone) Resistance: $2,900+...

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Crude Oil Futures (CL1!) – Daily Chart Analysis (Feb 11, 2025) 📉 Market Structure: Crude oil is trading within a broad ascending channel, with higher lows forming near $68 and resistance near $80-$82. Price recently bounced from a key support zone around $70-$72, indicating demand in this area. 🔑 Key Levels to Watch: Support: $70-$72 (previous resistance turned...

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USDCAD 1H Analysis – February 10, 2025 📈 Potential Bullish Reversal The chart shows a double bottom formation near 1.4280, which is a strong bullish reversal pattern. Price has bounced from this level, suggesting a possible upward move. 📊 Key Resistance Zones to Watch: 1.4550 - 1.4570 → First key resistance (previous support turned resistance). 1.4780 - 1.4800 →...

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USDJPY 4H Analysis – February 10, 2025 📉 Breakdown Below Trendline – Bearish Outlook The chart shows that USDJPY has broken below a key ascending trendline, signaling a potential shift in momentum from bullish to bearish. Price retested the broken trendline and horizontal resistance (152.147 - 153.000) before rejecting lower, confirming the breakdown. 📊 Potential...