...
Autochartist General
Sign in
MARKET ANALYSIS

NGC/USD is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

NGC/USD is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance 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 3.2481 is expected in the short term.

BTCUSD appears to be approaching resistance—a potential opportunity?

BTCUSD is heading toward 92450.9219 and could reach this level within the next 3 days. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.

Read more

A large bullish move on NAS100.

NAS100 showed a long streak of consecutive bullish candles on the Daily chart.

Read more

EURUSD has broken through a level it has tested 6 times recently.

EURUSD has breached the support line at 1.1573. It may continue the bearish trend toward 1.1512, or it may be yet another test of this level.

Read more

XAUUSD is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 7 days.

The movement of XAUUSD toward the resistance line of a Rising Wedge is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 2 days, but it is uncertain whether it will result in a breakout through this line or simply […]

Read more

XAGUSD is currently testing the 53.6702 level. Will the breakout continue, or will it reverse?

XAGUSD has broken through a resistance line. Since it has previously retraced from this price, wait for confirmation of the breakout before trading. It has touched this line several times over the past 16 days. This suggests a possible target around 55.7579 within the next 3 days.

Read more

Will ETHUSD break through the resistance level it previously tested?

ETHUSD is approaching a resistance line at 3037.8201. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may return to current levels.

Read more

BRN/USD – breach of a price line that has been tested numerous times before

BRN/USD has breached the resistance line at 63.3005. It may continue the bullish trend toward 63.9627, or it may be yet another test of this level.

Read more