By: Dima Chernovolov GBP/USD continues to fall inside the 30-minute Down Channel chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Down Channel at the 7-bar level – which is the result of the medium Initial Trend (5 bars), strong Uniformity (8 bars) and higher Clarity (9 bars). GBP/USD is […]

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GBP/USD has broken through a resistance line of a Triangle and suggests a possible movement to 1.2869 within the next 21 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 […]

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GBP/USD has moved higher by 4.29% from 1.229 to 1.282 in the last 10 days. 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 account with a broker that support Autochartist, you’ll get: Analysis as low as 15 […]

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GBP/USD has moved higher by 2.52% from 1.229 to 1.26 in the last 7 days. 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 account with a broker that support Autochartist, you’ll get: Analysis as low as 15 […]

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GBP/USD has broken through the resistance line of a Double Bottom technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 10 days and suggests a target line to be around […]

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