Technical analysis integrated with the forex pair:
- Resistance and support levels are marked by the yellow-shaded areas on the chart.
- Market structure: Marked by higher highs and lower lows. The zigzag line, dashed, indicates a robust upward structure.
- The market structure is in an upward trend, and the Demand Zone is marked in green. It is a favorable price zone for the BUY side. Support levels can be placed below the nearest swing low.
- Price action & reversal: The price is approaching the trendline. The price has broken above the trendline and is currently testing at the marked position. We observe a reaction at this trendline.
- Indicators: A general observation indicates a decreasing price divergence and an increasing hidden divergence marked on the chart.
- Fibonacci & other analysis techniques,
- Resistance and support levels are marked by the yellow-shaded areas on the chart.
- Market structure: Marked by higher highs and lower lows. The zigzag line, dashed, indicates a robust upward structure.
- The market structure is in an upward trend, and the Demand Zone is marked in green. It is a favorable price zone for the BUY side. Support levels can be placed below the nearest swing low.
- Price action & reversal: The price is approaching the trendline. The price has broken above the trendline and is currently testing at the marked position. We observe a reaction at this trendline.
- Indicators: A general observation indicates a decreasing price divergence and an increasing hidden divergence marked on the chart.
- Fibonacci & other analysis techniques,