...
Autochartist General
Sign in
MARKET ANALYSIS

Because FTSE100 formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower

FTSE100 is trapped in a Channel Up 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 8637.3486 is expected in the short term.

Will GBPJPY break through the support level it previously tested?

The price of GBPJPY 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

LTCUSD is approaching the resistance line of a Triangle pattern. We anticipate either a breakout through this line or a rebound.

A Triangle pattern was identified for LTCUSD at 55.57, suggesting it may move toward the resistance line at 56.2264. It may break through that line and continue the bullish trend, or reverse from it.

Read more

After numerous attempts, XAUUSD finally breaks through 5051.0151!

XAUUSD has broken through a support 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 9 days, which suggests a possible target around 4977.4375 within the next 2 days.

Read more

XAGUSD has broken through a level it has tested 4 times recently.

XAGUSD has broken through a line at 83.5743. If this breakout holds, we could see the price of XAGUSD move toward 79.6348 within the next 2 days. 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

FTSE100 is heading toward a price it has tested 4 times recently.

FTSE100 is approaching a resistance line at 10363.5498. 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

BTCUSD may be at the start of a new bullish trend after breaking through this important resistance level.

BTCUSD is once again retesting a key horizontal resistance level at 71902.8125. This level has been tested 3 times recently and could see another bounce, as it did last time. However, after so many attempts, it may be ready to start a new trend.

Read more

EURUSD has formed a Falling Wedge on the 1 hour chart. A retest of support is in sight.

A Falling Wedge pattern was identified for EURUSD at 1.15112, suggesting it may move toward the support line at 1.1477. It may break through that line and continue the bearish trend, or reverse from it.

Read more