The price of ETHUSD in heading in the direction of 3524.1331. Despite the recent breakout through 3681.3000 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
Emerging Rising Wedge detected on EURUSD – 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 1.05929 and it is expected to move to 1.0647.
XAUUSD has broken through a line of 2649.7000 and suggests a possible movement to 2665.0120 within the next 17 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
NGC/USD is moving towards a line of 3.1075 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 NGC/USD continues in its current trajectory, we […]
NAS100 is trapped in a Rising 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 support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout, and this may be the […]
It’s a brave new world, where traders don’t hesitate to shift brokers in search of better trading experiences. How do
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 […]
Developing a proprietary trading platform can be an expensive and exhausting investment. However, we are seeing that brokers who choose this path are reaping the rewards. As the industry matures, so do the technological service providers. As a result, we see an upward trend in brokers building their own platforms or starting the process of […]
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. […]
