Autochartist General
MARKET ANALYSIS

BRN/USD is trapped in a Falling Wedge 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 71.5265 is expected in the short term.

A movement of 4.16% over 21 days on EURUSD doesn’t go unnoticed. You may start considering where it’s heading next,

Triangle pattern identified on XAGUSD has broken through a resistance level with the price momentum continuing to move in an

The movement of LTCUSD towards 86.4900 price line is yet another test of the line it reached numerous times in

Emerging Channel Up detected on USDJPY – the pattern is an emerging one and has not yet broken through support,

FTSE100 rose sharply for day – which is an excessively big movement for this instrument; exceeding the 98% of past

The movement of USDJPY towards 153.8390 price line is yet another test of the line it reached numerous times in