...
Autochartist General
Sign in
MARKET ANALYSIS

NAS100 is approaching a resistance line of a Ascending Triangle. It has touched this line numerous times in the last 16 days.

NAS100 is trapped in a Ascending Triangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 21883.4085 is expected in the short term.

If you’re short EURUSD you should be aware that 1.0897 has just been breached – a level tested 4 time in the past

EURUSD has breached the resistance line at 1.0897. It may continue the bullish trend towards 1.0934, or, it may prove to be yet another test of this level.

Read more

FTSE100 likely to test 8771.7402 in the near future. Where to next?

A strong resistance level has been identified at 8771.7402 on the 4 hour FTSE100 chart. FTSE100 is likely to test it soon.

Read more

XAUUSD – approaching a price line that has been previously tested numerous times in the past

XAUUSD is moving towards a key support level at 2976.3701. XAUUSD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

Read more

BTCUSD broke through a support at 2025-03-16T13:00:00.000Z, with the price momentum continuing to move in an downward direction over the next hours, good opportunity presents itself with the price expected to reach 79192.9583.

BTCUSD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 9 days and suggests a possible target level […]

Read more

BRN/USD seems to be on its way to resistance – a possible opportunity?

BRN/USD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 11 days and may test it again within the next […]

Read more

S&P500 through 5584.843529411765. Is this a confirming a breakout? Will it continue its path in the current trend toward 5716.7170?

S&P500 has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 11 days and suggests a possible target level […]

Read more

A possible move by USDJPY towards 149.8931

USDJPY moved through the resistance line of a Triangle at 148.70676744186045 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 149.8931.

Read more