Okay, here's a description of the image:
The image shows a 4-hour price chart for the DXY (US Dollar Index).
Key points:
Downtrend: The index is generally in a downtrend.
Support and Resistance: A resistance zone is visible around 110.175, and a support level is around 97.921. Another resistance level is near 102.925.
Recent Price Action: The price has...
Let's dive into my EURUSD analysis on the 4-hour timeframe. From what I can see on your chart, here's a more detailed breakdown of potential interpretations:
It looks like I've identified some key horizontal levels. These are often significant areas of interest for traders because they can act as:
Support: Price might find it difficult to fall below these...
The image displays a price chart for XAUUSD (Gold against the US Dollar) on a 1-hour timeframe.
Key observations:
Uptrend: The price has generally been in an upward trend from early April.
Recent Peak and Correction: There was a recent high around April 22nd, followed by a downward correction.
Support and Resistance Levels: Horizontal lines indicate potential...
Let’s break down the analysis in detail:
---
1. Key Zones & Market Structure
You've identified important supply and demand zones:
Supply Zone (around 158.886):
Price hit this zone and sharply reversed. You've marked it with a yellow box, showing a strong area of sellers.
This is a major resistance zone that was tested twice, forming a possible double top...
