By: Dima Chernovolov EUR/USD continues to fall inside the Falling Wedge chart pattern which was previously identified by Autochartist on the 30-minute charts. Autochartist rates the Quality of this Falling Wedge at the 6 bar level – which is the result of the slow Initial Trend (2 bars) and substantial Uniformity and Clarity (both rated […]

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By: Dima Chernovolov CAD/JPY continues to fall inside the Down Channel chart pattern which was previously identified by Autochartist on the one-hour charts. Autochartist measures the Quality of this Down Channel at the 4 bar level – which is the result of the slow Initial Trend (4 bars), lower Uniformity (2 bars) and above-average Clarity […]

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This Friday at 3:30am EST the Government of the United Kingdom will release their latest GDP number. If the number is larger than the economist consensus there is a 85.7% probability that GBP/USD will trend lower for 4 hours following the news event. This probability is based on the last 12 GDP events, in which […]

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By: Dima Chernovolov CHF/JPY continues to fall in the direction of the Key Support level 111.31 (of the type Approach) which was previously identified by Autochartist on the 4-hour charts. Autochartist measures the Significance of this key level at the 3 bar level – which is the result of the three recent price reversals from […]

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Daily Forex Update: EUR/USD

By: Dima Chernovolov EUR/USD continues to fall inside the high-quality Down Channel chart pattern which was earlier identified by Autochartist on the hourly charts. Autochartist measures the Quality of this Down Channel at the near-maximum, 9 bar level – which is the result of the sharp Initial Trend (10 bars) and substantial Uniformity and Clarity […]

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Daily Forex Update: USD/JPY

By: Dima Chernovolov USD/JPY continues to fall inside the Clear Down Channel chart pattern which was previously identified by Autochartist on the hourly charts. Autochartist rates the Quality of this Down Channel at the 5 bar level – which reflects the slow Initial Trend (2 bars), below-average Uniformity (4 bars) and the near-maximum Clarity (9 […]

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Daily Forex Update: AUD/JPY

By: Dima Chernovolov AUD/JPY continues to fall after the earlier breakout of the 4-hour Rectangle chart pattern which was previously identified by Autochartist. Autochartist measures the Quality of this Rectangle at the 7 bar level – which is the result of the strong Initial Trend and Uniformity (both rated at the 7 bar level) and […]

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By: Dima Chernovolov AUD/CAD continues to fall inside the Up Channel chart pattern which was recently identified by Autochartist on the hourly charts. Autochartist rates the Quality of this Up Channel at the 4 bar level – which reflects the slow Initial Trend (three bars), average Uniformity (5 bars) and higher Clarity (6 bars). AUD/CAD […]

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This Friday at 7:30am EST the US government will release their latest Durable Goods Orders number. If the number is larger than the economist consensus there is a 80% probability that USD/CAD will trend higher for 4 hours following the news event. This probability is based on the last 12 Durable Goods Orders events, in […]

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Daily Forex Update: NZD/USD

By: Dima Chernovolov NZD/USD continues to rise inside the clear Up Channel chart pattern which was previously identified by Autochartist on the 4-hour charts. Autochartist measures the Quality of this Up Channel at the 5 bar level – which is the result of the slow Initial Trend (one bar), above-average Uniformity (6 bars) and significant […]

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