Forexbeats

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🧠 Chart Breakdown – BTC/USD (Daily) 📉 Pattern: Falling Wedge BTC has been moving within a falling wedge, a bullish reversal pattern. The wedge is now broken to the upside, signaling a potential trend reversal or continuation of the larger uptrend. 📈 Breakout Confirmation Price broke above the wedge and closed strong, suggesting buying momentum is...

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📉 Overall Structure: Descending Channel The price is moving within a clearly defined descending channel, indicating a downtrend. Price is respecting both upper and lower boundaries of the channel, confirming strong bearish momentum. 📍 Key Levels: 🔻 Support Area (~1.3740–1.3800) Price is currently hovering near the bottom boundary of the channel and just above a...

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📊 Technical Overview: Price Action: Gold is currently trading at $3,228, right at the top of a rising parallel channel. The recent rally has been very steep, showing strong bullish momentum — but also signaling potential exhaustion at the top of the channel. Key Resistance Zone: Price is testing the upper boundary of the channel, which historically acts as a...

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🟡 XAUUSD – 1H Analysis (April 10, 2025) 🔍 Structure & Price Action: Gold is trading within a clearly defined ascending channel. Price recently tested the upper boundary of the channel near $3,120 but failed to break higher — signaling potential exhaustion. Now, price is stalling and showing signs of weakness at resistance. 📉 Bearish Bias Signs: Rejection at...

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Chart Structure & Pattern The DAX was previously moving within a clear ascending channel, indicating bullish momentum. A breakdown of this ascending structure has led to a sharp selloff. Price is now reacting to strong historical demand zones, marked by purple horizontal boxes. 📉 Price Action & Market Behavior Current price: 19,988.34 EUR There was a massive...

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📝 Chart Structure Overview The chart previously formed a rising wedge — a classic bearish reversal pattern — which broke down aggressively. The breakdown has now led to a steep decline, bringing price back to the major support zone between 17,000 – 17,700, which held strong multiple times in the past (highlighted in purple). 📉 Current Price Action Current price:...

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📝 Chart Pattern: Inverse Head & Shoulders The chart clearly shows an Inverse Head and Shoulders pattern forming, which is typically a bullish reversal signal after a downtrend. The neckline has been drawn near the $3,010 level. If the price breaks and closes above this neckline with strong volume, it could confirm the pattern and suggest a trend reversal to the...

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Gold (XAU/USD) Daily Chart Analysis – April 4, 2025 1. Trend & Structure Overall Trend: Gold has been in a strong uptrend, forming higher highs and higher lows within an ascending channel. Current Position: Price is currently near the upper boundary of the channel, suggesting potential resistance and a possible pullback. 2. Key Support & Resistance...

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Gold (XAU/USD) 1H Analysis – April 2, 2025 Pattern Identified: Head and Shoulders Formation detected, indicating a potential bearish reversal. The neckline has been drawn as a support trendline, which, if broken, could confirm further downside movement. Key Levels: Current Price: $3,123.55 Neckline Support: Around $3,120 Target Area: $3,070 - $3,060 (Marked in...

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Bitcoin (BTC/USD) Daily Chart Analysis – April 2, 2025 Market Structure & Pattern: Bitcoin is currently trading around $84,346, experiencing a slight decline of -0.97% for the day. The chart shows a falling wedge pattern, a potential bullish reversal structure. A breakout above the upper trendline could signal upward momentum. Key support at $74,400, marked by a...

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AUD/USD Analysis - April 1, 2025 (1H Timeframe) Trend Overview The pair is currently in a descending channel, forming lower highs and lower lows—indicating a downtrend. Price has reached a strong demand zone (purple box) around 0.6240 - 0.6260, which has previously acted as support. Key Levels to Watch Support Zone (0.6240 - 0.6260) If price holds and forms...

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Dow Jones Industrial Average (US30) Analysis - March 31, 2025 Chart Structure & Pattern Head & Shoulders Pattern: The chart shows a clear double head & shoulders formation, which is a strong bearish reversal signal. Neckline Break: Price has already broken below the neckline of the pattern, confirming a potential downward move. Retest in Progress: The price is...

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NASDAQ 100 (US100) Analysis - March 31, 2025 Trend & Structure The chart shows a strong bearish breakdown from a rising wedge pattern, which is typically a bearish reversal formation. After a sharp decline from all-time highs, price is breaking below key support at 19,921. The next major support zone is highlighted in purple, around 18,000 - 17,600, which served...

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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...

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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...

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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...

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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...