EUR/USD Technical Analysis: Selling Pressure Continues Within the Descending Channel The EUR/USD pair remains in a downtrend on the 4-hour timeframe, with sellers maintaining control while buyers struggle to break key resistance levels. Below is a detailed analysis of the pair's recent performance: Overall Market Trend The prevailing trend for EUR/USD is...
The EUR/USD pair is approaching the 1.0394-1.0382 support zone on the hourly timeframe after a decline. This area is considered a valid and important support due to the intersection of key Fibonacci levels (50% and 61.8%) and previous strong reactions. The price reaction to this support area indicates the presence of buyers and their desire to return the price...
Gold prices are approaching the 2601-2609 support range on the one-hour timeframe after a price decline. This area is considered a valid and important support due to the intersection of key Fibonacci levels (50%) and previous strong reactions. The price reaction to this support area indicates the presence of buyers and their desire to return the price to higher...
The S&P500 is approaching the 5914-5892 support range on the one-hour timeframe after a price decline. This area acts as strong support due to previous reactions and a crossover with the 50% Fibonacci retracement level. The price reaction to this support area indicates buyers’ willingness to increase their strength. The bullish candles that will form after...
Key Support and Resistance Levels Key Support Levels: The 20,566 level serves as the current support zone. This level is critical for determining the future direction of the index. If this level is breached, the next support lies around 20,250. Key Resistance Levels: The first resistance zone is between 21,329-21,381, which aligns with the 20-period moving...
The Dow Jones Industrial Average, as one of the most important benchmarks in the US stock market, is currently approaching a sensitive area in the range of 41363-41191 units. A review of the chart shows that this area acts as a strong support level and there is a possibility of a positive price reaction to this level. A full analysis of this situation will be...
The Nasdaq-100 index has support at the channel bottom in the 22,026-point range on the one-hour timeframe, and if it holds, the target is channel top resistance at the 22,354-point range.
The S&P 500 index is engaged in channel ceiling resistance at 6084 points on the four-hour timeframe, and given the bullish tendencies of the Alligator indicator, there is a possibility of the price increasing to the 161.8% Fibo resistance at 6150 points.
In the technical analysis of EUR/USD, if the resistance at $1.0525 holds and the price fails to break above this level, a decline towards the support at $1.0414 is likely. The short-term downtrend within the outlined channel also reinforces this scenario. In this situation, selling pressure could push the price towards the key support, but if the resistance at...
In the 4-hour chart of gold, it can be seen that the price of gold reacted positively at the support level of $2,644 and moved upwards by forming a price bottom. This support level has been well maintained so far, indicating the willingness of buyers to defend this level. If the support level of $2,644 is maintained and the pressure from buyers continues, the...
Or, considering the resistance around 2672, after breaking this area, we could expect a rise towards the range of 2710 and 2749. Otherwise, if the support level of 2638 is broken, a decline down to around 2606 can be anticipated.
Considering the support level around 3741, a break of this area could lead to a drop towards 3564. Otherwise, if the resistance level at 4015 is broken, one could expect a continued rise towards 4235.
EUR/USD could rise to the resistance of the second descending channel ceiling at $1.0541, provided the important support range in the 1.0474-1.0485 range holds. Meanwhile, recent fundamental factors have contributed to the weakening of the US dollar, which could influence the continuation of the pair's trajectory. The US dollar has weakened in recent weeks for...
The election of Donald Trump as the US President has strengthened the bullish trend of Bitcoin. The cryptocurrency is moving in an ascending channel and holding the support of $100,057 is the main condition for the continuation of this upward movement. The next target for Bitcoin could be the level of $107,306 at the ceiling of the channel. Bitcoin Technical...
Gold is trading in an ascending channel drawn by the Andrews fork. The support level of $2,646 acts as a critical point, and if it holds, there is a possibility of a rise to the resistance level of $2,702. Technical and fundamental analysis 1- Technical analysis: The price is close to the lower Bollinger band and is likely to return to higher levels. 2-...
#ethusdt Will Ethereum reach $4000 again? The trend is upward. Support range 3765 and 3570 The resistance range ahead is 3920 and 4130 If it stabilizes above the 3920 resistance, it can stabilize above $4000
#xauusd Gold continues to decline? Gold broke its upward channel and reached the support range of $2660. If the current support fails, the next support range is 2625 and 2600 dollars. If it stabilizes above the support range, it can move towards $2705 again.
GBP/USD has broken the support at the lower channel boundary around 1.2687, signaling a shift in trend towards further downside. The pair is now targeting the next support level at 1.2524. In the provided chart, the clear break of the 1.2687 support indicates a potential reversal in price movement. This level, which previously acted as strong support, is now...