Day: May 8, 2019
21 posts
After testing the resistance line numerous times, Chevron is once again approaching this line. Can we expect a bullish trend to follow?
The movement of Chevron towards the resistance line of a Ascending Triangle is yet another test of the…
Trade of the Day: GBP/JPY
By: Dima Chernovolov GBP/JPY continues to fall sharply after the earlier breakout of the daily Descending Triangle chart pattern which was recently identified by Autochartist. Autochartist rates the quality of daily this Descending Triangle at the 5-bar level – which is the result of the medium Initial Trend (5 bars), higher Uniformity (7 bars) and…
EUR/USD Target Level: 1.1165
Triangle identified at 08-May-2019 10:30 UTC. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1165 within the next 2 days. Supported by RSI above 60 Chart 30 MinutesPattern TriangleLength 224 CandlesIdentified 08-May-2019 10:30 UTC
FRA40 is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
FRA40 is heading towards the support line of a Falling Wedge. If this movement continues, we expect the…
Breach of support could mean a start of a bearish trend on BTCCAD
BTCCAD has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true,…
EUR/CHF Target Level: 1.1350
Rectangle identified at 07-May-2019 23:00 UTC. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1350 within the next 2 days. Supported by RSI above 60 Chart 1 hourPattern RectangleLength 193 CandlesIdentified 07-May-2019 23:00 UTC
After testing the support line numerous times, UK100 is once again approaching this line. Can we expect a bearish trend to follow?
The movement of UK100 towards the support line of a Channel Down is yet another test of the…
A quick move expected on SPX500 as it starts approaching a resistance line of a Channel Down
SPX500 is heading towards the resistance line of a Channel Down and could reach this point within the…
BTCAUD is approaching a support line of a Channel Up. It has touched this line numerous times in the last 5 days.
BTCAUD is approaching the support line of a Channel Up. It has touched this line numerous times in…