Autochartist General
Sign in
MARKET ANALYSIS

BRN/USD – approaching a resistance line that has been previously tested at least twice in the past

BRN/USD 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 support 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 74.6770 is expected in the short term.

XAUUSD is approaching a resistance line of a Triangle. It has touched this line numerous times in the last 8 days.

XAUUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 2 days.

Read more

NAS100 keeps moving closer towards 21478.1777. Will it finally breach this level?

A strong resistance level has been identified at 21478.1777 on the 15 Minutes NAS100 chart. NAS100 is likely to test it soon.

Read more

GBPJPY has broken through resistance of a Triangle. It has touched this line at least twice in the last 5 days.

GBPJPY has broken through a resistance line of a Triangle and suggests a possible movement to 197.9052 within the next 13 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]

Read more

Important price line being approached by BRN/USD. This price has been tested numerous times before.

A strong resistance level has been identified at 74.4865 on the 1 hour BRN/USD chart. BRN/USD is likely to test it soon.

Read more

EURUSD seems to be on its way to resistance – a possible opportunity?

The price of EURUSD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

Read more

Bulls aim for 90.8903 after the LTCUSD triggered a bearish formation on the 1 hour chart

LTCUSD has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 4 days and suggests a possible target level to […]

Read more

Bulls aim for 2661.1157 after the XAUUSD triggered a bullish formation on the 4 hour chart

You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 2661.1157 but consider reducing the size of your position as the price gets […]

Read more