Verizon Communications Inc. is heading towards the resistance line of a Rising Wedge and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t […]
Light Sweet Crude Oil NOVEMBER 2019 is moving towards the support line of a Triangle. 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 3 days and may […]
USD/JPY has broken through the support line of a Rising Wedge. It has touched this line at least twice in the last 16 days. This breakout indicates a potential move to 106.9250 within the next 3 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of […]
Travelers Cos Inc. has experienced an exceptionally large movement lower by 3.01% from 151.78 to 147.21 in the last 13 days. Did you know that our social media feeds are updated only 3x per day, and don’t look at short term movements? If you open a live account with a broker that support Autochartist, you’ll […]
Silver DECEMBER 2019 is moving towards the support line of a Channel Down. 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 10 days and may test it […]
EUR/USD is moving towards the resistance line of a Rising Wedge 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 EUR/USD continues in its current trajectory, […]
Soybean Meal OCTOBER 2019 is moving towards the support line of a Descending Triangle. 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 7 days and may test […]
The movement of XAU/USD towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 18 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Intel Corporation is moving towards the support line of a Triangle 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 Intel Corporation continues in its current […]
NZD/USD is heading towards the support line of a Falling Wedge and could reach this point within the next 15 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
