Emerging Rising Wedge pattern in its final wave was identified on the XAUUSD 4 hour chart. After a strong bullish
FTSE100 has broken through a support line of a Head and Shoulders chart pattern. If this breakout holds true, we may see the price of FTSE100 testing 9210.9375 within the next 10 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before […]
GBPJPY is moving towards a key support level at 198.3275. This is a previously tested level for GBPJPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.
ETHUSD is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If ETHUSD continues in its current trajectory, we could see it […]
EURUSD is heading towards a line of 1.1710. If this movement continues, the price of EURUSD could test 1.1710 within the next 2 days. 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.
A Flag pattern was identified on NAS100 at 23520.6888, creating an expectation that it may move to the resistance line at 24314.6545. It may break through that line and continue the bullish trend or it may reverse from that line.
A strong resistance level has been breached at 147.9660 on the 1 hour USDJPY chart. Technical Analysis theory forecasts a movement to 148.7766 in the next 2 days.
Autochartist provides an extensive analytics toolset with features to take your trading to the next level. Empower your day-to-day trading decisions with an unrivalled breadth and depth of analysis driven by advanced algorithms, powerful big-data technology, and user-friendly trading tools.
