By: Dima Chernovolov EUR/USD continues to rise inside the Up Channel chart pattern which was recently identified by Autochartist on the 4-hour charts. Autochartist rates the quality of this Up Channel at the 3 bar level – which is the result of the slow Initial Trend (3 bars) and below-average significant Uniformity and Clarity (both […]

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Daily Forex Update: EUR/USD

By: Dima Chernovolov EUR/USD continues to rise after the earlier breakout the Key Resistance level 1.1300 which was recently identified by Autochartist on the daily charts. The length of this Resistance level is equal to 256 candles. Autochartist measures the Significance of this Resistance level at the 6-bar level – which reflects the six previous […]

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By: Dima Chernovolov EUR/USD continues to advance inside the Rising Wedge chart pattern, which was recently identified by Autochartist on the daily charts. Autochartist measures the Quality of this Rising Wedge at the 3 bar level – which reflects the slow Initial Trend (2 bars) and below-average Uniformity and Clarity (both rated at the 4 […]

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By: Dima Chernovolov EUR/USD continues to fall inside the Falling Wedge chart 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 slow Initial Trend (2 bars) and substantial Uniformity and Clarity (both rated […]

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Daily Forex Update: EUR/USD

By: Dima Chernovolov EUR/USD continues to fall inside the high-quality Down Channel chart pattern which was earlier identified by Autochartist on the hourly charts. Autochartist measures the Quality of this Down Channel at the near-maximum, 9 bar level – which is the result of the sharp Initial Trend (10 bars) and substantial Uniformity and Clarity […]

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By: Dima Chernovolov EUR/USD continues to fall after the recent breakout of the Pennant chart pattern which was earlier identified by Autochartist on the daily charts. Autochartist rates the Quality of this Pennant at the 8 bar level – which is the result of the sharp Initial Trend (10 bars), above-average Uniformity (6 bars) and […]

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Daily Forex Update: EUR/USD

By: Dima Chernovolov EUR/USD continues to rise inside the Triangle chart pattern which was previously identified by Autochartist on the 4-hour charts. Autochartist measures the Quality of this Triangle at the 3 bar level – which is the result of the the medium Initial Trend and Uniformity (both rated at the 5 bar level) and […]

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Daily Forex Update: EUR/USD

By: Dima Chernovolov EUR/USD recently broke the Triangle chart pattern which was previously identified by Autochartist on the hourly charts. Autochartist rates the overall Quality of this Triangle at the 6 bar level – which is the result of the slow Initial Trend (4 bars), and above-average Uniformity and Clarity (both rated at the 6 […]

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Daily Forex Update: EUR/USD

By: Dima Chernovolov EUR/USD recently broke the Uniform Down Channel which was previously identified by Autochartist on the 4-hour charts. Autochartist rates the Quality of this chart pattern at the 7 bar level – which reflects the below-average Initial Trend (4 bars), substantial Uniformity (8 bars) and significant Clarity (7 bars). High Uniformity reflects the […]

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Daily Forex Update: EUR/USD

By: Dima Chernovolov Autochartist recently identified the breakout of the high Quality Up Channel on the daily EUR/USD   charts. Autochartist rates the Quality of this chart pattern at the 8 bars level – which is the result of the strong Initial Trend (8 bars), above-average Uniformity (6 bars) and higher Clarity (7 bars). The strength […]

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