By: Dima Chernovolov NZD/USD continues to fall inside the hourly Falling Wedge chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Falling Wedge at the 3-bar level – which reflects the slow Initial Trend (2 bars), low Uniformity (2 bars) and medium Clarity (5 bars). NZD/USD is expected to fall […]

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NZD/USD has broken through the resistance line of a Inverse Head and Shoulders 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 21 days and suggests a target line to […]

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By: Dima Chernovolov NZD/USD recently broke the daily Falling Wedge chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Falling Wedge at the 7-bar level – which reflects the sharp Initial Trend (9 bars), high Uniformity (9 bars) and significant Clarity (7 bars). NZD/USD is expected to rise toward the […]

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NZD/USD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 0.6261 can be expected within the next 18 hours. Did […]

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By: Dima Chernovolov NZD/USD continues to fall inside the hourly Down Channel chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Down Channel at the 4-bar level – which reflects the slow Initial Trend (3 bars), lower Uniformity (1 bar) and strong Clarity (8 bars). NZD/USD is expected to fall […]

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