Daily Forex Update: GBP/CAD

By: Dima Chernovolov GBP/CAD continues to rise inside the uniform Rising Wedge pattern which was previously identified by Autochartist on the 4-hour charts. Autochartist measures the Quality of this Rising Wedge at the 4 bar level – which is the result of the slow Initial Trend (one bar), above-average Uniformity (6 bars), and lower Clarity […]

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Daily Forex Update: GBP/CAD

By: Dima Chernovolov GBP/CAD continues to rise after the earlier breakout of the Ascending Triangle chart pattern which was recently identified by Autochartist on the daily charts. Autochartist rates the Quality of this Ascending Triangle at the 5 bar level – which is the result of the slow Initial Trend (2 bars), significant Uniformity (7 […]

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Daily Forex Update: GBP/CAD

By: Dima Chernovolov GBP/CAD recently broke the high Quality Pennant chart pattern – that was previously identified by Autochartist on the daily charts. The overall Quality of this Pennant is measured by Autochartist at the 9-bar level – which reflects the sharp Initial Trend (10 bars), significant Uniformity and Clarity (both rated at the 8-bar […]

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