By: Dima Chernovolov Autochartist recently identified the breakout of the extended Ascending Triangle on the hourly USD/CHF charts. Autochartist measures the length of this chart pattern at the 209 candles. The overall Quality of this Ascending Triangle is measured at the 5 bar level – which is the result of the low Initial Trend (one […]
How many times you have seen an FX pair, or any other instrument for that matter, start moving opposite to the trend? Did you wonder was it a mere correction or were you perhaps witnessing a change in trend? Your conclusion will have an acute impact on how you choose your next trade and thus […]
By: Dima Chernovolov CAD/CHF continues to fall inside the Clear Up Channel chart pattern which was previously identified by Autochartist on the daily charts. Autochartist rates the Quality of this chart pattern at the 7 bar level – which reflects the average Initial Trend (5 bars), higher Uniformity (7 bars) and near-maximum Clarity (9 bars). […]
By: Dima Chernovolov As can be seen from the following chart – Autochartist recently identified the breakout of the 4-hour resistance level 1.5162 (its length is equal to 122 candles). Autochartist rates the strength of this resistance level at the 3 bar level – which is the result of the three recent downward reversals from […]
By: Dima Chernovolov Autochartist recently identified the uniform Falling Wedge chart pattern on the daily CHF/JPY charts. Autochartist rates the Quality of this chart pattern at the 5 bars level – which is the result of the low Initial Trend (3 bars), above-average Uniformity (6 bars) and lower Clarity (5 bars). The price is likely […]
By: Dima Chernovolov GBP/CAD recently identified the breakout of the hourly resistance level 1.8326. The Significance of this resistance level is rated by Autochartist at the 4 bars level – which reflects the 4 recent reversals from this price level. The pair is expected to rise further toward the Forecast Price 1.8448 in the coming […]
Lately, I’ve been asked fairly often why I don’t write more for the novice trader. Well, good news! If you are, indeed, a novice trader then this trading strategy is right up your alley. But even if you’re not a newbie, you might still find this tip useful. This rather simple and straightforward strategy doesn’t […]
By: Dima Chernovolov As you can see below – Autochartist recently identified the breakout of the extended daily Descending Triangle (its length is equal to 160 candles/trading days). The overall Quality of this chart pattern is measured by Autochartist at the 3-bar level – which is a result of the below-average Uniformity and Clarity (both […]
By: Dima Chernovolov As you can see from the following chart – Autochartist recently identified the clear Down Channel chart pattern on the daily NZD/JPY charts. The overall Quality of this chart pattern is measured by Autochartist at the 5 bars level which reflects the average Initial Trend and Uniformity (both rated at the 5 […]
NZDCAD has had 6 consecutive bullish hourly candles. Based on historical data, there is a 99% chance that the next candle will be bearish. This event last occurred on 2016-01-07 08:00:00.
