LTCUSD experienced an extremely large move that lasted 2. This movement is in the 95.0 percentile and is uncommon. It
Those of you that are trend followers are probably eagerly watching XAUUSD to see if its latest 12.74% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 56 days move.
Emerging Triangle pattern in its final wave was identified on the S&P500 1 hour chart. After a strong bearish run, we find S&P500 heading towards the upper triangle line with a possible resistance at 6040.5204. If the support shows to hold, the Triangle pattern suggests a rebound back towards current levels.
FTSE100 rose sharply for 5 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in FTSE100 there is a chance that we will witness a correction, no matter how brief.
This trade setup on GBPJPY is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 189.4068.
BRN/USD is about to retest a key horizontal resistance level near 77.4500. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
ETHUSD is heading towards 2673.8201 and could reach this point within the next 11 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
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.
