...
Autochartist General
Sign in
MARKET ANALYSIS

USDJPY is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

USDJPY is trapped in a Descending 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 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 144.1029 is expected in the short term.

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

The price of XAUUSD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

Read more

A Triangle has formed, ETHUSD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

Emerging Triangle detected on ETHUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 1643.32 and it is expected to move to 1649.3335.

Read more

S&P500 – It’s perhaps in these huge moves where the greatest opportunity lies

For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 10.59% move on S&P500. The movement has happened over the last 10 days. For those trend followers among you, you may think about riding this possible trend.

Read more

Supports and resistances are primary concepts of technical analysis. EURUSD is heading for an important price of 1.1385 – read about what this could mean for the future.

EURUSD is heading towards a line of 1.1385. If this movement continues, the price of EURUSD could test 1.1385 within the next 12 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Read more

Important resistance line being approached by FTSE100. This price has been tested numerous time in the last 8 days

FTSE100 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 8 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

Read more

Because XAGUSD formed a Rectangle pattern, we expect it to touch the support line. If it breaks through support it may move much lower

Emerging Rectangle pattern in its final wave was identified on the XAGUSD 15 Minutes chart. After a strong bearish run, we find XAGUSD heading towards the upper triangle line with a possible resistance at 31.7844. If the support shows to hold, the Rectangle pattern suggests a rebound back towards current levels.

Read more

USDJPY formed a Channel Down on the 4 hour chart. Retest of resistance in sight.

USDJPY is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 20 days. If it tests this line again, it should do so in the next 3 days.

Read more