By: Dima Chernovolov EUR/AUD continues to rise after the earlier breakout of the high-quality Down Channel chart pattern which was previously identified by Autochartist on the daily charts. Autochartist rates the Quality of this Down Channel at the 9 bar level – which is the result of the sharp Initial Trend (10 bars) and near-maximum […]

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By: Dima Chernovolov EUR/AUD recently broke the Clear Falling Wedge chart pattern which was previously identified by Autochartist on the 4-hour charts. Autochartist rates the Quality of this Triangle at the 7 bar level – which reflects the slow Initial Trend (3 bars), significant Uniformity (7 bars) and near-maximum Clarity (9 bars). Autochartist measures the […]

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Daily Forex Update: EUR/AUD

By: Dima Chernovolov EUR/AUD recently reversed up from the support trendline of the daily Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the Quality of this chart pattern at near-maximum 9 bar level – which reflects the sharp Initial Trend (10 bars), significant Uniformity (7 bars) and substantial Clarity (9 bars). […]

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Daily Forex Update: EUR/AUD

By: Dima Chernovolov EUR/AUD continues to rise in the direction of the Key Resistance level 1.4512 (of the type Approach), which was previously identified by Autochartist in the daily charts. Autochartist rates the Significance of this Key Level at the 3-bar level, which is the result of the three recent price reversals from this price […]

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Daily Forex Update: EUR/AUD

By: Dima Chernovolov EUR/AUD continues to rise in the direction of the Key Resistance level 1.4491 (of the type Approach), 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 reflects the three prior price reversals from this key level. EUR/AUD […]

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By: Dima Chernovolov   EUR/AUD continues to fall after the earlier breakout of the Head and Shoulders chart pattern which was previously identified by Autochartist on the daily charts. Autochartist measures the Quality of this chart pattern at the 5 bar level – which reflects the below-average Initial Trend (4 bars), significant Uniformity (7 bars) […]

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Daily Forex Update: EUR/AUD

By: Dima Chernovolov EUR/AUD continues to fall inside the Clear Up Channel, which was previously identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart pattern at the 6-bar level – which is the result of the above-average Initial Trend (6 bars), lower Uniformity (4 bars) and near-maximum Clarity (9 […]

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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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Daily Forex Update: EUR/AUD

By: Dima Chernovolov As can be seen from the following chart – Autochartist recently identified the breakout of the 4-hour resistance level 1.5162 (its length is equal to 122 candles). Autochartist rates the strength of this resistance level at the 3 bar level – which is the result of the three recent downward reversals from […]

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