By: Dima Chernovolov EUR/USD continues to fall inside the hourly Down Channel chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Down Channel at the 5-bar level – which reflects the slow Initial Trend (3 bars), average Uniformity (5 bars) and higher Clarity (8 bars). EUR/USD is expected to fall […]
EUR/USD is moving towards the support line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EUR/USD continues in its current trajectory, […]
EUR/USD is moving towards the support line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EUR/USD continues in its current trajectory, […]
EUR/USD is moving towards the resistance line of a Rising Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EUR/USD continues in its current trajectory, […]
EUR/USD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 3 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 […]
By: Dima Chernovolov EUR/USD recently broke the 30-minute Triangle chart pattern which was identified previously by Autochartist. Autochartist rates the quality of this Triangle at the 4-bar level – which reflects the medium Initial Trend (5 bars) and lower Uniformity (2 bars). EUR/USD is expected to fall toward the forecast price 1.1021 – in line […]
EUR/USD has broken through a support line of a Triangle and suggests a possible movement to 1.1022 within the next 11 hours. 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 […]
EUR/USD is heading towards the support line of a Pennant 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 could […]
EUR/USD is heading towards the support line of a Channel Down and could reach this point within the next 3 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 […]
The breakout of EUR/USD through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of EUR/USD to test 1.1012 within the next 8 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any […]
