Forexbeats

Forexbeats

US30 (Dow Jones) Daily Chart Analysis – Bearish Breakdown Ahead? Market Structure & Trend Analysis: The chart shows a Head and Shoulders (H&S) pattern, which is a bearish reversal formation. Neckline break confirmed, suggesting further downside movement. The large blue arrow points to the next key support area near 38,731, representing a potential drop of about...

Forexbeats

NZD/USD 4H Analysis – Bullish Channel Holding Support Market Structure & Trend Analysis: The price is moving within a well-defined ascending channel, with multiple touches on both support and resistance. Recent bounce from the lower trendline suggests the bullish structure is still valid. The blue arrow indicates a potential upside move toward the channel’s...

Forexbeats

NASDAQ (US Tech 100) 4H Analysis – Bullish Recovery in Progress Market Structure & Trend Analysis: The chart shows a strong downtrend, with price breaking below a rising channel earlier this month. However, a bullish breakout from the falling wedge is now in play, indicating a potential trend reversal or retracement. The price is approaching the 20,250 - 20,532...

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...

Forexbeats

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...

Forexbeats

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 -...

Forexbeats

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...

Forexbeats

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...

Forexbeats

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...

Forexbeats

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...

Forexbeats

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...

Forexbeats

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...

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...

Forexbeats

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...

Forexbeats

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)

Forexbeats

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...

Forexbeats

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...

Forexbeats

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...