By: Dima Chernovolov EUR/USD continues to fall inside the hourly Down Channel chart pattern which was recently identified by Autochartist. Autochartist measures the quality of this Down Channel at the 4-bar level – which is the result of the slow Initial Trend (1 bar), above-average Uniformity (6 bars) and significant Clarity (7 bars). EUR/USD expected […]
By: Dima Chernovolov EUR/USD continues to fall inside the hourly Down Channel chart pattern which was recently identified by Autochartist. Autochartist rates the quality of this Down Channel at the 7-bar level – which is the result of the below-average Initial Trend (4 bars), maximum Uniformity (10 bars) and significant Clarity (7 bars). EUR/USD expected […]
By: Dima Chernovolov EUR/USD continues to fall inside the hourly Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 9-bar level – which is the result of the sharp Initial Trend (10 bars), significant Uniformity (7 bars) and near-maximum Clarity (9 bars). EUR/USD is […]
By: Dima Chernovolov EUR/USD continues to fall inside the daily Down Channel chart pattern which was identified previously by Autochartist. Autochartist rates the quality of this Down Channel at the 4-bar level – which is the result of the slow Initial Trend (3 bars), low Uniformity (3 bars) and above-average Clarity (6 bars). EUR/USD is […]
The movement of EUR/USD towards 1.1039 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 9 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines. […]
EUR/USD is moving towards the support line of a Falling Wedge. 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 16 hours and may test it again within […]
The movement of EUR/USD towards 1.1179 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 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines. […]
EUR/USD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 14 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
EUR/USD is heading towards the support line of a Falling Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
EUR/USD has broken through a support line of a Triangle and suggests a possible movement to 1.1067 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
