Trend_logic

Trend_logic Updated  4 hours ago

The GBP/USD 3-hour chart displays a Head and Shoulders pattern, a strong signal of a bearish trend reversal. The structure is clearly defined with a left shoulder, head, and right shoulder. A bearish bias is supported by the Ichimoku cloud and moving averages. With the breakdown in progress, traders may consider short positions. The setup indicates momentum...

Trend_logic Updated  May 9

The Ethereum chart displays a clear bullish breakout from a consolidation phase, driven by strong upward momentum. The price surged after holding above an ascending trendline, indicating buyer strength. However, as the move extends, it approaches a potential resistance zone where price exhaustion may occur. This presents a favourable setup for a short trade if...

Trend_logic Updated  May 8

The EUR/USD 30-minute chart presents a bearish setup based on a rising wedge pattern. This pattern typically signals a potential trend reversal after an upward move. Price action within the wedge shows weakening bullish momentum, and the recent downward move suggests sellers are gaining control. Additionally, the price is moving below the Ichimoku Cloud,...

Trend_logic Updated  May 8

The chart presents a bullish setup on the USD/CAD pair with an entry at 1.38100. Price action is respecting an ascending trendline, showing higher lows and potential for further upside movement. A breakout above the resistance zone around 1.38400 signals possible continuation of the trend. The Ichimoku cloud provides additional support to the bullish bias. This...

Trend_logic Updated  May 8

The price action on this 15_ minute USD/JPY chart has landed firmly at a major support zone near 143.700, aligning with the bottom of a well-respected descending channel. This area has historically attracted buying interest, and current price action hints at a potential breakout scenario. Entry Level: 143.700 First Target: 145.000 – Local resistance and key fib...

Trend_logic Updated  May 8

The GBP/USD 45-minute chart shows a strong bullish breakout above a descending trendline, signaling a potential trend reversal. Price gained momentum after holding above the key support zone around 1.32600. The breakout is supported by strong bullish candles and movement above the Ichimoku cloud, indicating continued buying interest. As long as price remains above...

Trend_logic Updated  May 6

The chart shows a bullish breakout from a descending trendline after forming a triple bottom support around the 3,250 level on the 1-hour timeframe. The breakout is supported by strong bullish momentum and structure shift, with price making higher highs and higher lows. A successful retest of the broken trendline confirms the reversal. The setup suggests a...

Trend_logic May 6

The USNAS100 4-hour chart shows a bearish setup following a clear rejection at resistance. A rising wedge pattern has broken to the downside, indicating a shift in momentum. Technical indicators support the bearish bias, with price falling below trendline support and moving toward key support zones. The first target point is 19,250, where minor support exists....

Trend_logic Updated  May 5

Based on the chart of EUR/USD pair on the 30-minute timeframe. 1. Downtrend Observed The price action has been forming lower highs and lower lows, indicative of a sustained downtrend. A clear descending trendline (drawn in blue) confirms this bearish movement. 2. Potential Bullish Reversal There's a bullish breakout above the descending trendline. This breakout...

Trend_logic Updated  May 5

Pattern: Bearish Flag Target: 32.000 Trade Bias: Bearish Setup Technical Breakdown: The chart shows a strong impulsive sell-off, followed by a channel-like upward retracement, forming a bearish flag structure. Price has now reached a resistance zone around 33.400, marked by previous rejection. This area aligns with the upper boundary of the flag, and price is...

Trend_logic Updated  May 1

Chart Pattern: Descending Triangle A Descending Triangle has formed on the 45-minute timeframe — a powerful bearish continuation pattern that reflects a battle between weakening buyers and increasingly aggressive sellers. Key structure: The triangle narrowed over time, indicating volatility compression and building pressure. Pattern Psychology: As price...

Trend_logic Updated  May 1

GBP/JPY 30-Minute Chart Analysis Pattern: Bullish Pennant Target: 192.200 Market Structure: The chart illustrates a classic bullish pennant: A strong bullish impulse (flagpole) led price sharply from around 189.400 to 191.400. This was followed by a tight consolidation phase, forming a pennant with converging trendlines. The consolidation shows a battle between...

Trend_logic Updated  May 1

echnical Analysis Summary Chart Pattern Observed: The chart shows a clear ascending triangle pattern, which is a bullish continuation pattern. This is formed by a horizontal resistance level (around 19,550) and a rising trendline (higher lows), suggesting buying pressure is building up. Key Levels: Resistance Zone: 19,550 Support Trendline: Rising from ~19,050...

Trend_logic Updated  Apr 29

USD/CAD Technical Analysis Chart Pattern: Trend Line Breakout Reversal Target: 1.44000 1. Overall Market Structure The chart depicts a clear downtrend, followed by sideways consolidation near a horizontal support line. A descending trend line captures the bearish structure, which has now been challenged by recent bullish momentum. 2. Support Zone &...

Trend_logic Updated  Apr 29

Technical Analysis – Rising Wedge Bearish Pattern The price action has recently formed a rising wedge, a classic bearish reversal pattern often observed after a sustained uptrend. This pattern is characterized by converging trendlines, where both the support and resistance lines slope upwards, but the support line rises at a steeper angle. It indicates weakening...

Trend_logic Apr 28

GBP/USD 15-Minute Chart Analysis Pattern Observed: The chart clearly shows a Head and Shoulders pattern, a classic bearish reversal signal. Left Shoulder forms first, followed by a higher Head, and then a lower Right Shoulder. A neckline (support line) is drawn connecting the low points between the shoulders and the head. Breakout: Price has broken below the...

Trend_logic Apr 24

Technical Chart Analysis – EUR/USD (2h Timeframe) Pattern: Symmetrical Triangle A symmetrical triangle is a consolidation pattern marked by converging trendlines (lower highs and higher lows), indicating a battle between buyers and sellers. This pattern often leads to a breakout once price compresses enough and either side takes control. In this case, the chart...

Trend_logic Updated  Apr 23

Bitcoin is making waves today after successfully breaking out of a descending trendline that has capped price action for weeks. This move is signaling renewed strength, with bullish sentiment starting to take hold in the market. Technical Breakdown: Trendline Breakout: BTC has cleared a key downtrend resistance that dates back to early February. This is a...