...
Autochartist General
Sign in
MARKET ANALYSIS

GBPJPY – It’s perhaps in these huge moves where the greatest opportunity lies

Those of you that are trend followers are probably eagerly watching GBPJPY to see if its latest 1.89% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 15 hours move.

A large bullish move on NAS100.

NAS100 saw a large number of bullish candles that reached 25282.9557 over 7 days.

Read more

After repeatedly testing the support line, USDJPY is once again approaching it. Can we expect a bearish trend to emerge?

A Flag pattern was identified for USDJPY at 156.22, suggesting it may move toward the support line at 155.2509. It may break through that line and continue the bearish trend, or reverse from it.

Read more

Because ETHUSD has formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through the resistance, it may move much higher.

ETHUSD was identified around 3037.82 after recently rebounding off the support on the 1 hour interval. Ultimately, the stock’s price action has formed a Channel Up pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 3186.9528.

Read more

After repeatedly testing the resistance line, XAUUSD is once again approaching it. Can we expect a bullish trend to emerge?

XAUUSD is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]

Read more

If you’re short GBPJPY, you should be aware that 206.0225 has just been breached – a level tested 4 times in the past

GBPJPY has broken through a resistance line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 6 days, which suggests a possible target around 206.8916 within the next 20 hours.

Read more

BTCUSD has broken out of the Triangle pattern and is expected to reach 84439.7459 soon.

BTCUSD has broken through a support line of the Triangle chart pattern. If this breakout holds, we may see the price of BTCUSD test 84439.7459 within the next 2 days. But don’t rush to trade. It has tested this line before, so confirm the breakout before taking any action.

Read more

Support and resistance are fundamental concepts in technical analysis. NGC/USD is approaching an important price level at 4.5055—read what this could mean for the future.

A strong resistance level has been identified at 4.5055 on the 15 Minutes NGC/USD chart. NGC/USD is likely to test this level soon.

Read more