By: Dima Chernovolov USD/JPY recently broke the Uniform Descending Triangle chart pattern which was previously identified by Autochartist on the 4-hour charts. Autochartist rates the Quality of this Descending Triangle at the 7 bar level – which reflects the significant Initial Trend and Uniformity (both rated at the 7 bar level) and above-average Clarity (6 […]

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Daily Forex Update: USD/JPY

By: Dima Chernovolov USD/JPY continues to fall inside the Clear Down Channel chart pattern which was previously identified by Autochartist on the hourly charts. Autochartist rates the Quality of this Down Channel at the 5 bar level – which reflects the slow Initial Trend (2 bars), below-average Uniformity (4 bars) and the near-maximum Clarity (9 […]

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Daily Forex Update: USD/JPY

By: Dima Chernovolov USD/JPY continues to rise after the earlier breakout of the Double Bottom chart pattern which was previously identified by Autochartist on the 4-hour charts. Autochartist measures the Quality of this Double Bottom at the 4 bar level – which is the result of the medium Initial Trend and Uniformity (both rated at […]

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Daily Forex Update: USD/JPY

By: Dima Chernovolov USD/JPY recently reversed down from the resistance trendline of the Up Channel which was previously identified by Autochartist on the daily charts. Autochartist rates the Quality of this chart pattern at the 8 bar level – which reflects the sharp Initial Trend (10 bars), above-average Uniformity (6 bars) and significant Clarity (7 […]

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By: Dima Chernovolov USD/JPY recently broke the Uniform Triangle chart pattern which was earlier identified by Autochartist on the daily charts. Autochartist measures the Quality of this Triangle at the 5-bar level – which is the result of the average Initial Trend (5 bars), near-maximum Uniformity (9 bars) and significant Clarity (8 bars). USD/JPY is […]

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