...
Autochartist General
Sign in
MARKET ANALYSIS

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

XAUUSD is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support 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 4186.4363 is expected in the short term.

Because ETHUSD has formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through the resistance, it may move much higher.

ETHUSD was identified around 3037.82 after recently rebounding off the support on the 1 hour interval. Ultimately, the stock’s price action has formed a Channel Up pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 3186.9528.

Read more

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

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

Read more

If you’re short GBPJPY, you should be aware that 206.0225 has just been breached – a level tested 4 times in the past

GBPJPY has broken through a resistance line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 6 days, which suggests a possible target around 206.8916 within the next 20 hours.

Read more

BTCUSD has broken out of the Triangle pattern and is expected to reach 84439.7459 soon.

BTCUSD has broken through a support line of the Triangle chart pattern. If this breakout holds, we may see the price of BTCUSD test 84439.7459 within the next 2 days. But don’t rush to trade. It has tested this line before, so confirm the breakout before taking any action.

Read more

Support and resistance are fundamental concepts in technical analysis. NGC/USD is approaching an important price level at 4.5055—read what this could mean for the future.

A strong resistance level has been identified at 4.5055 on the 15 Minutes NGC/USD chart. NGC/USD is likely to test this level soon.

Read more

An unusually large move was recorded for EURUSD. The magnitude of the move is exceptional.

EURUSD has moved higher by 0.58% from 1.151685 to 1.15838 in the last 15 hours.

Read more

FTSE100 is currently testing the 9604.7500 level. Will the breakout continue, or will it reverse?

FTSE100 has broken through a line at 9604.7500. If this breakout holds, we could see the price of FTSE100 move toward 9659.9902 within the next 12 hours. However, don’t be too quick to trade. It has tested this line many times in the past, so confirm the breakout before placing any trades.

Read more