...
Autochartist General
Sign in
MARKET ANALYSIS

XAGUSD is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.

XAGUSD is trapped in a Falling 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 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 30.0485 is expected in the short term.

A Channel Down has formed, BRN/USD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

BRN/USD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 14 days and may test it again within the next 3 days.

Read more

FTSE100 is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

FTSE100 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 15 days and may test it again within the next 2 days.

Read more

After testing support twice in the past, EURUSD has finally broken through. Can we expect a bearish trend to follow?

EURUSD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of EURUSD testing 1.0810 within the next 8 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]

Read more

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

XAUUSD was identified at around 2917.02 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2922.3600 level.

Read more

After testing the resistance line numerous times, GBPJPY is once again approaching this line. Can we expect a bullish trend to follow?

An emerging Rising Wedge has been detected on GBPJPY on the 4 hour chart. There is a possible move towards 193.2247 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

Read more

NGC/USD is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 12 days.

NGC/USD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If NGC/USD continues in its current trajectory, we could see it […]

Read more

Bulls aim for 5810.7398 after the S&P500 triggered a bullish formation on the 4 hour chart

You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 5810.7398 but consider reducing the size of your position as the price gets […]

Read more