Home » Market Research »
Autochartist Forecast
AUD/USD's Push Higher now Consolidating
Yesterday's commodities rally pushed the AUD/USD higher as the U.S. bank holiday held the U.S. Dollar Index in a range around 80.00. The 60 minute AUD/USD has formed a Continuation Rising Wedge Chart Pattern as prices maintain the rally on this time frame.
Yesterday's commodities rally pushed the AUD/USD higher as the U.S. bank holiday held the U.S. Dollar Index in a range around 80.00. The 60 minute AUD/USD has formed a Continuation Rising Wedge Chart Pattern as prices maintain the rally on this time frame.
8 September | 
0 comments
0 comments GBP/USD Rallies within Short and Long Term Charts
U.S. Banks are closed for Labor Day, therefore the 15 and 240 minute GBP/USD are trending higher as the U.S. Dollar is heading lower. The 15 minute chart signaled a Continuation Rising Wedge Emerging Chart Pattern alert.
U.S. Banks are closed for Labor Day, therefore the 15 and 240 minute GBP/USD are trending higher as the U.S. Dollar is heading lower. The 15 minute chart signaled a Continuation Rising Wedge Emerging Chart Pattern alert.
7 September | 0 comments
0 comments USD/CAD Double Top and Triangle Set Up
Rejection from major psychological levels is also referred to as "figure fatigue". The "figure" is the "00" price level so in this example of the USD/CAD the figure would be 1.1100.
Rejection from major psychological levels is also referred to as "figure fatigue". The "figure" is the "00" price level so in this example of the USD/CAD the figure would be 1.1100.
4 September | 0 comments
0 comments EUR/USD Daily Triangle Set Up
With indecision comes congestion and consolidation and that's the market environment within which triangles ideally form. The EUR/USD has been moving in a distribution cycle as prices congest below the 1.4500 level.
With indecision comes congestion and consolidation and that's the market environment within which triangles ideally form. The EUR/USD has been moving in a distribution cycle as prices congest below the 1.4500 level.
3 September | 1 comment
1 comment 2 September | 2 comment
2 comment Gauging the U.S. Dollar and Dow's Next Move
Forex traders know that currency is the closest to "stock of a country". Since the U.S. Dollar is part of every major pair there must be a way to gauge what the U.S. economy will do.
Forex traders know that currency is the closest to "stock of a country". Since the U.S. Dollar is part of every major pair there must be a way to gauge what the U.S. economy will do.
2 September | 0 comments
0 comments GBP/USD Finds Double Top, Selling Off to Uptrend Line Support
The GBP/USD is currently selling off sharply on the heels of a weaker-than-expected Manufacturing PMI number. At 4:30am EST it came in at 49.7 versus the 51.5 forecast.
The GBP/USD is currently selling off sharply on the heels of a weaker-than-expected Manufacturing PMI number. At 4:30am EST it came in at 49.7 versus the 51.5 forecast.
1 September | 0 comments
0 comments EUR/USD Intraday Downtrend Set Ups
The EUR/USD is heading lower across the 15, 30, and 60 minute charts in a mark down cycle. Knowing the market cycle makes the next step of filtering the chart pattern results from Autochartist very simple: Look for channel down or falling wedge chart pattern alerts.
The EUR/USD is heading lower across the 15, 30, and 60 minute charts in a mark down cycle. Knowing the market cycle makes the next step of filtering the chart pattern results from Autochartist very simple: Look for channel down or falling wedge chart pattern alerts.
31 August | 1 comment
1 comment EUR/USD Looks for Support in Rally to 1.4400
Yesterday's afternoon spike of the EUR/USD caught many traders by surprise. It came without any scheduled releases during the latter part of the New York trading session.
Yesterday's afternoon spike of the EUR/USD caught many traders by surprise. It came without any scheduled releases during the latter part of the New York trading session.
28 August | 2 comment
2 comment Looking at USD/JPY and the Current Risk Tolerance
The USD/JPY is currently in a downtrend across the 15, 30, 60, and 240 minute time frames. This further explains the current risk aversion in the market. Equities aren’t weak but a stall is evident in the uptrend as the Dow consolidates between the 9,200 to 9,600 levels.
The USD/JPY is currently in a downtrend across the 15, 30, 60, and 240 minute time frames. This further explains the current risk aversion in the market. Equities aren’t weak but a stall is evident in the uptrend as the Dow consolidates between the 9,200 to 9,600 levels.
27 August | 0 comments
0 comments My FXBank
SUBSCRIBE
Weekly Forex Newsletter
|
|
