...
Autochartist General
Sign in
MARKET ANALYSIS

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

ETHUSD is trapped in a Triangle formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new trend. This confluence could also create an ideal setup for swing traders looking for a potential bounce. Whatever happens, an initial move toward 3023.9529 is expected in the short term.

Bulls aim for 25502.9658 after NAS100 triggered a bearish formation on the 4 hour chart.

Channel Up pattern identified on NAS100 has broken through a support level, with price momentum continuing to move downward. This presents a solid trading opportunity, with the price expected to reach 25502.9658 in the next 12.

Read more

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

ETHUSD is trapped in a Triangle formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new trend. […]

Read more

An important resistance line is being approached by USDJPY. This price has been tested numerous times in the last 4 days

An emerging Rising Wedge has been detected on USDJPY. The pattern has not yet broken through support, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 156.1155, and it is expected to move to 156.4702.

Read more

XAUUSD broke through 4191.897500000001. Is this confirming a breakout? Will it continue along the current trend toward 4153.1840?

The last 8 4 hour candles on XAUUSD have formed a Flag pattern and broken out through the pattern lines, indicating a possible bearish movement toward the price level at 4153.1840.

Read more

S&P500 is likely to test 6812.4502 in the near future. Where to next?

The price of S&P500 is heading back toward the support area. It may struggle to break through and could reverse direction. The price may eventually break through, but it typically retreats from the level several times before doing so.

Read more

After repeatedly testing the resistance line, GBPJPY is once again approaching it. Can we expect a bullish trend to emerge?

GBPJPY is heading toward the resistance line in a Ascending Triangle pattern. If this move continues, the price of GBPJPY could test 207.4282 within the next 2 days. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.

Read more

LTCUSD has formed a Triangle on the 4 hour chart. A retest of resistance is in sight.

The movement of LTCUSD toward the resistance line of a Triangle 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 4 days, but it is uncertain whether it will result in a breakout through this line or simply rebound […]

Read more