Skip to content Falling Wedge pattern identified on XAUUSD has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 3344.6970 in the next 2.
NAS100 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 11 days and may test it again within the next 2 days.
BTCUSD is about to retest a key horizontal resistance level near 119835.4375. It has tested this level 3 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.
GBPJPY has broken through a support line. It has touched this line numerous times in the last 19 days. This breakout shows a potential move to 197.2791 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
S&P500 is moving towards a line of 6366.8701 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If S&P500 continues in its current trajectory, we […]
Emerging Triangle detected on BRN/USD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 68.8935 and it is expected to move to 69.1325.
The breakout of NAS100 through the 23300.4258 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, NAS100 could test 23418.2324 within the next 19 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
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Take advantage of the opportunities and make sure that your clients know about them first. It’s been almost two years since the pandemic entered our lives and changed the way we live and work. During this period we have had our ups and downs but the light is now finally visible at the end of […]
By Ilan Azbel, with the help of Jingwei Li.I have encountered a number of stock, currency and futures broker websites that are promoting what I call “signal grids”; a grid of technical indicators trying to tell traders whether to buy or sell an asset. For example: In this grid every column represents a type of […]
llan Azbel, CEO and Founder of Autochartist, has over 20 years experience in technology, 15 years in the financial markets and an academic background in mathematics, computer-science and engineering. Hi Ilan, thank you for joining us today. With Amazon, Tesla and Apple blowing-up the media daily, everybody would love the opportunity to purchase Stocks and I […]
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Ilan Azbel, CEO and Founder of Autochartist, has over 20 years of experience in technology, 15 years in the financial markets and an academic background in mathematics, computer science and engineering. Hi Ilan, thank you for joining us today. It has been over a year now since you officially launched your ‘Automated Social Media’ product. […]
There has been a lot written about the recent massive influx of retail traders in the financial markets. However, what hasn’t been discussed is the rise in the number of brokers operating in the space. This has created an intensely competitive and noisy space, where standing out in the crowd can be a herculean task. […]
