...
Autochartist General
Sign in
MARKET ANALYSIS

EURUSD is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 4 days.

EURUSD 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 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 1.1452 is expected in the short term.

XAUUSD is currently testing a level of 3318.3350. Will the breakout continue or will things reverse?

XAUUSD has broken through 3318.3350 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, XAUUSD may be heading towards 3349.5090 within the next 2 days.

Read more

LTCUSD keeps moving closer towards 97.2000. Will it finally breach this level?

A strong resistance level has been identified at 97.2000 on the 30 Minutes LTCUSD chart. LTCUSD is likely to test it soon.

Read more

Is the extremely large movement on FTSE100 a sign of things to come?

FTSE100 has moved higher by 14.44% from 7677.0 to 8785.56 in the last 52 days.

Read more

NAS100 is currently testing a level of 21279.5000. Will the breakout continue or will things reverse?

NAS100 has broken through a line of 21279.5000 and suggests a possible movement to 21529.6035 within the next 11 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 […]

Read more

S&P500 breakout from a Ascending Triangle trade setup. Will it continue this trend to hit the target price?

The breakout of S&P500 through the resistance line of a Ascending Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of S&P500 testing 5923.8800 within the next 16 hours.

Read more

USDJPY through 143.070875. Is this a confirming a breakout? Will it continue its path in the current trend toward 144.6464?

This trade setup on USDJPY 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 144.6464.

Read more

Support line breached by XAUUSD. This price has been tested at least twice before.

The last 8 4 hour candles on XAUUSD formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 3304.9676.

Read more