Autochartist General
Sign in
MARKET ANALYSIS

GBPJPY is approaching a support line of a Channel Down. It has touched this line numerous times in the last 10 days.

GBPJPY is trapped in a Channel Down 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 196.8253 is expected in the short term.

EURUSD is currently testing a level of 1.1598. Will the breakout continue or will things reverse?

EURUSD has breached the support line at 1.1598. It may continue the bearish trend towards 1.1531, or, it may prove to be yet another test of this level.

Read more

LTCUSD broke through a support at 2025-10-21T22:00:00.000Z, with the price momentum continuing to move in an downward direction over the next hours, good opportunity presents itself with the price expected to reach 89.2287.

LTCUSD has broken through a support line of a Pennant and suggests a possible movement to 89.2287 within the next 20 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

NAS100 seems to be on its way to resistance – a possible opportunity?

NAS100 is moving towards a key resistance level at 25208.0586. This is a previously tested level for NAS100. This could be a good trading opportunity, either at the spot price, or after breaching this level.

Read more

XAUUSD is signaling a possible trend reversal on the intraday charts with price not breaching support.

A Channel Up pattern was identified on XAUUSD at 4355.76, creating an expectation that it may move to the resistance line at 4595.8666. It may break through that line and continue the bullish trend or it may reverse from that line.

Read more

Because GBPJPY formed a Triangle pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

A Triangle pattern was identified on GBPJPY at 202.345, creating an expectation that it may move to the resistance line at 202.7974. It may break through that line and continue the bullish trend or it may reverse from that line.

Read more

Big bearish swing on FTSE100 – this may be one of its more notable movements in the recent session.

FTSE100 reached 9295.12 after a 1.46% move spanning 2 days.

Read more

LTCUSD keeps moving closer towards 90.0200. Will it finally breach this level?

LTCUSD is about to retest a key horizontal support level near 90.0200. It has tested this level 5 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.

Read more