Trend_logic

Trend_logic Updated 

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 

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 

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 

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 

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 

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 

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

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

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 

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...

Trend_logic Updated 

Gold is currently showing strong potential for upward movement, and traders are eyeing key levels for action. With a buy entry at 3410, there’s a clear opportunity for a rally toward the 3500 target if the market continues to show strength. Key Levels to Watch: Buy Entry: 3410 Gold is testing a critical support area around 3410. If the price holds and begins to...

Trend_logic Updated 

Gold (XAUUSD) continues to display a strong bullish structure on the 1-hour timeframe. The recent price action shows a clean breakout from previous consolidation, followed by a series of bullish candles confirming sustained upward momentum. Price Structure & Momentum The current trend is defined by: A sequence of higher highs and higher lows, a classic hallmark...

Trend_logic Updated 

Upon examining the gold price action on the 1-hour chart, it's evident that the market recently achieved a fresh high, reaching up to $3245. This upward move indicated strong bullish momentum at that point. However, shortly after hitting this level, the price experienced a noticeable correction. This retracement not only pulled the price lower but also suggested a...

Trend_logic Updated 

Chart Pattern Observations: 1. Descending Channel Breakout Attempt: The pair was previously in a well-defined downward channel (marked by orange trend lines). Price has now exited this channel and is consolidating sideways. 2. Support Zone (Potential Double Bottom): Price is repeatedly testing a strong support zone around 142.400 - 142.600, forming what looks...

Trend_logic Updated 

Ethereum has formed a rising wedge or ascending triangle pattern, typically a bearish formation when it appears after an uptrend. After testing the horizontal resistance zone (~$1,685) multiple times, price action failed to break out and instead broke below the ascending trendline support, confirming a bearish reversal. Breakdown Confirmation: Price broke down...

Trend_logic Updated 

The EUR/USD pair appears to be showing signs of a bearish shift after a strong upward trend. Based on current price action and structure, we can outline the following insights: Structure & Pattern Insight: The chart shows the formation of a rising channel or ascending wedge, a classic pattern that often signals exhaustion of bullish momentum. The price has now...

Trend_logic Updated 

BTC/USD is currently facing strong resistance around the $84,000 level. If the price fails to break and hold above this zone, it may signal weakening bullish momentum. A stabilization below $84,000 increases the likelihood of a downward move, with the next target around $77,000. This level could act as key support, and a drop toward it may indicate a short-term...

Trend_logic

Gold continues its upward surge as geopolitical tensions and U.S. trade policy shifts spark increased demand for safe-haven assets. The recent tariff escalation against China, paired with global uncertainty, is fueling bullish sentiment. All eyes now turn to the U.S. CPI release later today, which could inject further volatility into the market. Technical...