By: Dima Chernovolov AUD/USD recently broke the 4-hour Key Support Level 0.6816 which was previously identified by Autochartist. Autochartist rates the quality of this support level at the 5-bar level – which is the result of the 5 previous price reversal from this price level. AUD/USD is expected to fall further toward the forecast price […]
By: Dima Chernovolov AUD/USD continues to rise inside the well-formed 4-hour Falling Wedge chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Falling Wedge at the 8-bar level – which is the result of the sharp Initial Trend (10 bars), above-average Uniformity (6 bars) and significant Clarity (9 bars). AUD/USD […]
By: Dima Chernovolov AUD/USD recently broke the daily Ascending Triangle chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Ascending Triangle at the 5-bar level – which is the result of the slow Initial Trend (4 bars), medium Uniformity (5 bars) and lower Clarity (4 bars). AUD/USD is expected to […]
By: Dima Chernovolov AUD/USD continues to fall inside the 30-minute Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 7-bar level – which is the result of the slow Initial Trend (2 bars), significant Uniformity (7 bars) and strong Clarity (9 bars). AUD/USD is […]
By: Dima Chernovolov AUD/USD continues to rise after the earlier breakout of the key resistance level 0.6865. Autochartist measures the significance of this resistance level at the 4-bar level – which is the result of the four previous price reversals for this price level. AUD/USD is expected to rise toward the forecast price 0.6934 in […]
AUD/USD has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 0.6840 can be expected within the next 3 days. Did […]
AUD/USD is heading towards the resistance line of a Channel Up. If this movement continues, we expect the price of AUD/USD to test 0.6930 within the next 3 days. 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 and end up […]
The movement of AUD/USD towards 0.6925 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 15 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines. […]
AUD/USD is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of AUD/USD to test 0.6930 within the next 3 days. 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 and end up […]
AUD/USD is moving towards the resistance 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 4 days and may test it again within […]
