🔹 Technical Analysis of AUD/USD (4H Chart) 🔹 Market Structure & Trend Analysis ▪️ The price is currently in an uptrend, respecting a rising trendline that has acted as dynamic support. ▪️ Multiple rejections from the trendline indicate strong bullish sentiment. ▪️ The market has broken past key resistance zones, turning them into support. 🔹 Key...
Bullish Market Structure The prevailing market structure remains bullish, indicating that selling gold at this stage may not be advisable. The price action continues to establish a sequence of higher highs (HH) and higher lows (HL), reinforcing the overall uptrend. Key Buying Areas A critical support zone, identified as the Buying Area, aligns with a recent...
🔹Key Overview: The EUR/NZD pair is currently trading near a strong support area around the 1.8170 – 1.8200 zone, which has previously acted as a significant demand level. The price has tested this region multiple times, indicating a potential bullish reversal if buyers step in. 🔹Support & Resistance Levels: - Support Zone: 1.8170 – 1.8200 (Key buying...
🔹 Technical Analysis of U.S. Dollar Index (DXY) - 4H Chart ▪️Market Structure & Trend Analysis: - The chart shows a clear downtrend in the U.S. Dollar Index (DXY), with a series of lower highs and lower lows. - The price is trading below the 200-period moving average (blue line) and 50-period moving average (red line), reinforcing bearish sentiment. 🔹Key...
Uptrend Momentum with Key Support & Resistance Levels 1. Overall Market Structure & Trend The EUR/USD pair is currently in an upward trend, as indicated by the well-defined ascending trendline. This trendline has been respected multiple times, providing strong dynamic support. The price has been making higher highs and higher lows, further confirming the...
The 4-hour chart of WTI Crude Oil (TVC: USOIL) reveals a well-defined market structure transition from bullish to bearish. Initially, the price action exhibited a strong uptrend, characterized by the formation of higher highs (HH) and higher lows (HL). However, a break of structure (BOS) marked the onset of a reversal, leading to the emergence of lower highs (LH)...
Technical Analysis of GBP/USD (4H Timeframe) The GBP/USD currency pair is currently exhibiting bullish momentum, trading at 1.26307, with a marginal decline of -0.11%. The price action has demonstrated a steady uptrend, supported by key technical levels and a well-defined trendline. Key Observations: 1. Support Zone Validation - A significant...