Daily Forex Update: NZD/CAD

By: Dima Chernovolov NZD/CAD continues to fall after the earlier breakout of the Key Support level 0.9311, which was previously identified by Autochartist on the hourly charts. Autochartist rates the Significance of this support level at the 3 bar level – which is the result of the three previous price reversals from this price level. […]

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By: Dima Chernovolov NZD/CAD continues to rise after the recent breakout of resistance trendline of the Clear Falling Wedge chart pattern which was earlier identified by Autochartist on the daily charts. Autochartist rates the Quality of this Falling Wedge at the 8 bar level – which reflects the sharp Initial Trend (rated at the maximum, […]

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Daily Forex Update: NZD/CAD

By: Dima Chernovolov NZD/CAD recently reversed down sharply from the top of the Up Channel chart pattern which was previously identified by Autochartist on the daily charts. Autochartist rates the Quality of this chart pattern at the 6 bar level – which is the result of the below-average Initial Trend (4 bars), higher Uniformity (6 […]

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By: Dima Chernovolov NZD/CAD recently broke the Clear Falling Wedge chart pattern which was previously identified by Autochartist on the 4-hour charts. Autochartist rates the overall Quality of this chart pattern at the 5 bar level – which is the result of the low Initial Trend (3 bars), above-average Uniformity (6 bars) and near-maximum Clarity […]

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Daily Forex Update: NZD/CAD

By: Dima Chernovolov Autochartsit recently identified the clear Flag chart on the 4-hour NZD/CAD charts. Autochartsit rates the overall Quality of this chart pattern at the 8-bar level – which is the result of the sharp Initial Trend (reflecting the strength of the preceding upward impulse, which Is the “flag-pole” of this Flag), average Uniformity […]

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Daily Forex Update: NZD/CAD

By: Dima Chernovolov Autochartist recently identified the Clear Triangle chart pattern on the 4-hour NZD/CAD charts. Autochartist rates the Quality of this chart pattern at the 6-bar level – which is the result of the slow Initial Trend (1 bar), above-average Uniformity (6-bars) and maximum Clarity (10 bars). High Clarity reflects the sharpness of the […]

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Daily Forex Update: NZD/CAD

By: Dima Chernovolov NZD/CAD recently broke the Key Support level 0.9137, which was previously identified by Autochartist on the 4-hour charts. Autochartist rates the Significance of this support level at the 5 bar level – which corresponds to the 5 recent price reversals from this price level. NZD/CAD is expected to fall further to the […]

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