Daily Forex Update: AUD/USD

By: Dima Chernovolov AUD/USD continues to rise in the direction of the Key Resistance level 0.7741 which was previously identified by Autochartist on the daily charts. The length of this Resistance level is equal to 243 candles (trading days). Autochartist measures the Significance of this Resistance level at the strong 7-bar level – which reflects […]

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Daily Forex Update: AUD/USD

By: Dima Chernovolov AUD/USD continues to rise inside the daily Rising Wedge chart pattern was previously identified by Autochartist. Autochartist rates the Quality of this Rising Wedge at the 6-bar level – which is the result of  the slow Initial Trend (2 bars), above-average Uniformity (7 bars) and near-maximum Clarity (9 bars). AUD/USD is expected […]

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By: Dima Chernovolov AUD/USD continues to fall inside the clear Up Channel chart pattern was previously identified by Autochartist on the 4-hours charts. Autochartist measures the Quality of this Up Channel at the 4 bar level – which is the result of the slow Initial Trend (1 bar), below-average Uniformity (3 bars) and near-maximum Clarity […]

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By: Dima Chernovolov AUD/USD continues to fall inside the Clear Falling Wedge 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 low Initial Trend (1 bar), above-average Uniformity (6 bars), and maximum Clarity […]

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By: Dima Chernovolov AUD/USD continues to rise after the earlier breakout of the Clear Down Channel chart pattern which was recently identified by Autochartist on the 4-hour charts. Autochartist measures the Quality of this Down Channel at the 7 bar level – which is the result of the sharp Initial Trend (rated at the maximum […]

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By: Dima Chernovolov AUD/USD continues to fall inside the Clear Falling Wedge chart pattern which was previously identified by Autochartist on the 4-hours charts. Autochartist rates the Quality of this Falling Wedge at the 5 bar level – which is the result of the low Initial Trend (2 bars), average Uniformity (5 bars) and higher […]

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Daily Forex Update: AUD/USD

By: Dima Chernovolov AUD/USD recently broke the well-formed Down Channel chart pattern which was previously identified by Autochartist on the 4-hour charts. Autochartist measures the Quality of Down Channel at the 6 bar level – which is the result of the slow Initial Trend (3 bars) and near-maximum Uniformity and Clarity (both rated at the […]

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Daily Forex Update: AUD/USD

By: Dima Chernovolov AUD/USD continues to rise after the earlier breakout of the high Quality Down Channel chart pattern which was earlier identified by Autochartist on the daily charts. Autochartist measures the Quality of this Down Channel at the 8 bar level – which is the result of the average Initial Trend (5 bars), substantial […]

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By: Dima Chernovolov GBP/USD recently broke the high Quality Rising Wedge chart pattern which was previously identified by Autochartist on the daily charts. Autochartist measures the overall Quality of this Rising Wedge at the 9 bar level – which is the result of the sharp Initial Trend (10 bars) and near-maximum Uniformity and Clarity (both […]

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By: Dima Chernovolov AUD/USD continues to fall after the recent breakout of the Significant Key support level 0.7422, which was previously identified by Autochartist on the hourly charts. Autochartist measures the Significance of this key level at the 6 bar level – which reflects the 6 prior price reversals from this price level. AUD/USD is […]

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