Daily Forex Update: NZD/CAD

By: Dima Chernovolov Autochartsit recently identified the clear Flag chart on the 4-hour NZD/CAD charts. Autochartsit rates the overall Quality of this chart pattern at the 8-bar level – which is the result of the sharp Initial Trend (reflecting the strength of the preceding upward impulse, which Is the “flag-pole” of this Flag), average Uniformity […]

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Daily Forex Update: USD/CHF

By: Dima Chernovolov USD/CHF continues to rise after the price broke the “neckline” of the 4-hour Inverse Head and Shoulders chart pattern which was previously identified by Autochartist. The overall Quality of this chart pattern is rated by Autochartist at the 9 bar level – which is the result of the sharp Initial Trend (10 […]

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Daily Forex Update: EUR/CAD

By: Dima Chernovolov Autochartist recently identified the clear Triangle chart pattern on the EUR/CAD charts. The overall Quality of this chart pattern is measured at the 6-bar level – which is the result of the slow Initial Trend (3 bars), above-average Uniformity (6-bars) and substantial Clarity (8 bars). Higher Clarity reflects the strength of the […]

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Daily Forex Update: AUD/CAD

By: Dima Chernovolov AUD/CAD continues to decline following the earlier breakout of the clear Rising Wedge chart pattern which was previously identified by Autochartist on the daily charts. The overall quality of this chart pattern is measured at the 5-bar level – which is the result of the low Initial Trend (3 bars), average Uniformity […]

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By: Dima Chernovolov EUR/GBP continues to rise following the earlier breakout of the Key Resistance Level 0.8632, which was previously identified by Autochartist on the 4-hour charts. Autochartist rates the significance of this Resistance level at the 3-bar level – which is the result of the three recent price reversals from this price level. The […]

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Daily Forex Update: GBP/CHF

By: Dima Chernovolov GBP/CHF recently broke the Descending Triangle chart pattern which was previously identified by Autochartist on the 4-hour charts. The overall Quality of this chart pattern is measured by Autochartist  at the 5-bar level which is the result of the low Initial Trend (2 bars), above-average Uniformity (6 bars) and lower Clarity (3 […]

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Daily Forex Update: GBP/USD

By: Dima Chernovolov GBP/USD continues to fall after the recent breakout of the Pennant chart pattern which was previously identified by Autochartist on the daily charts. The overall Quality of this Pennant is measured by Autochartist at the 7 bar level – which is the result of the strong Initial Trend (10 bars), below-average Uniformity […]

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Daily Forex Update: NZD/CAD

By: Dima Chernovolov Autochartist recently identified the Clear Triangle chart pattern on the 4-hour NZD/CAD charts. Autochartist rates the Quality of this chart pattern at the 6-bar level – which is the result of the slow Initial Trend (1 bar), above-average Uniformity (6-bars) and maximum Clarity (10 bars). High Clarity reflects the sharpness of the […]

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Daily Commodities Update: Silver

By: Dima Chernovolov Silver continues to rise following the earlier breakout of the high Quality Falling Wedge chart pattern which was previously identified by Autochartist on the 15-minute charts. Autochartist rates the overall Quality of this chart pattern at the 8-bar level – which is the result of the sharp Initial trend (10 bars), significant […]

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Daily Forex Update: EUR/AUD

By: Dima Chernovolov Autochartist recently identified the Key Resistance level 1.4791 (of the type Approach) on the 4-hour EUR/AUD charts. The Significance of this Resistance level is measured by Autochartist at the 3-bar level – which is the result of the three recent price reversals from this price level (which can be seen from the […]

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