By: Dima Chernovolov EUR/JPY recently broke the daily 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 below-average Initial Trend (4 bars), strong Uniformity (8 bars) and near-maximum Clarity (9 bars). EUR/JPY is expected to […]

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Those of you that are trend followers are probably eagerly watching EUR/JPY to see if its latest 1.53% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 9 days move. Did you know that our social media feeds are updated only 3x per day, and […]

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Rising Wedge identified at 01-May-2019 14:00 UTC. This pattern is still in the process of forming. Possible bearish price movement towards the support 124.4200 within the next 20 hours. Did you know that our social media feeds are updated only 3x per day, and don’t look at short term movements? If you open a live […]

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