Skip to content BTCUSD has broken through a resistance line of the Triangle chart pattern. If this breakout holds, we may see the price of BTCUSD test 68370.9975 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.
S&P500 is once again retesting a key horizontal support level at 6473.7402. This level has been tested 3 times recently and could see another bounce, as it did last time. However, after so many attempts, it may be ready to start a new trend.
An emerging Triangle pattern has been detected for XAUUSD on the 30 Minutes chart. There may be a move toward 4374.3709 in the next few candles. Once it reaches the support, it may continue its bearish run or revert to current price levels.
An emerging Rising Wedge has been detected on USDJPY. The pattern has not yet broken through support, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 159.7705, and it is expected to move to 160.1755.
LTCUSD was identified around 53.77 after recently rebounding off the resistance on the 15 Minutes interval. Ultimately, the stock’s price action has formed a Channel Down pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 52.2720.
GBPJPY is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 5 days and may test it again within the next 2 days.
NGC/USD is heading toward the resistance line of a Channel Down pattern and could reach it within the next 3 days. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]
By Ilan Azbel, with the help of Jingwei Li.I have encountered a number of stock, currency and futures broker websites
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. […]
By Hein van Eeden, Senior Dev @ Autochartist.com.In the beginning of 2010’s Autochartist decided to integrate our Technical Analysis Chart Patterns into MetaTrader 4 (and a little later into MetaTrader 5). This was in the form of indicators, one for each product Autochartist was offering at the time, using DLLs to communicate with our services […]
By Tamryn Hayne, Before migrating to Salesforce, we worked with various record keeping applications that just didn’t cut it for us. When you have many clients to store information for and in order to keep up with your business development productivity targets, you need to have a CRM that will do exactly what you need […]
