Soybean Oil DECEMBER 2019 is heading towards a line of 29.7800. If this movement continues, we expect the price of Soybean Oil DECEMBER 2019 to test 29.7800 within the next 9 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived […]
GBP/USD has moved higher by 2.52% from 1.229 to 1.26 in the last 7 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 get: Analysis as low as 15 […]
USD/CHF is heading towards a price line of 0.9951 and could reach this point within the next 2 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 happen, we could see […]
Gold DECEMBER 2019 is moving towards the resistance line of a Channel Up. 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 test it […]
Soybean Meal DECEMBER 2019 is heading towards the support line of a Rising Wedge and could reach this point within the next 19 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 […]
Travelers Cos Inc. is heading towards the support line of a Falling Wedge and could reach this point within the next 17 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 […]
NZD/USD has broken through the resistance line of a Inverse Head and Shoulders technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 21 days and suggests a target line to […]
Gold DECEMBER 2019 is moving towards the resistance 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 Gold DECEMBER 2019 continues in […]
Those of you that are trend followers are probably eagerly watching EUR/JPY to see if its latest 1.51% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 6 days move. Did you know that our social media feeds are updated only 3x per day, and […]
AUD/USD has broken through a resistance line of a Triangle and suggests a possible movement to 0.6795 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
