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 […]
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 […]
NZD/USD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
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 […]
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 […]
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 […]
NZD/USD is heading towards the resistance line of a Triangle. If this movement continues, we expect the price of NZD/USD to test 0.6348 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding […]
NZD/USD is heading towards the support line of a Channel Up and could reach this point within the next 10 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
By: Dima Chernovolov NZD/USD recently broke the 4-hour Down Channel chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Down Channel at the 8-bar level – which reflects the sharp Initial Trend (10 bars), average Uniformity (5 bars) and significant Clarity (8 bars). NZD/USD is expected to rise further toward […]
NZD/USD is moving towards the resistance line of a Channel Down. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 5 days and may test it again within […]
