Autochartist General
Get in touch
MARKET ANALYSIS

A Flag has formed, XAUUSD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

XAUUSD is heading towards the support line of a Flag. If this movement continues, the price of XAUUSD could test 2614.5261 within the next 8 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

A possible move on USDJPY as it heads towards resistance

USDJPY is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last

Read more

Supports and resistances are primary concepts of technical analysis. S&P500 is heading for an important price of 5647.8501 – read about what this could mean for the future.

S&P500 is moving towards a key resistance level at 5647.8501. This is a previously tested level for S&P500. This could

Read more

After testing the support line numerous times, BRN/USD is once again approaching this line. Can we expect a bearish trend to follow?

A Falling Wedge pattern was identified on BRN/USD at 72.01, creating an expectation that it may move to the support

Read more