Autochartist Forecast
The downtrend on the 240-minute EUR/JPY chart has alerted a Channel Down Emerging Pattern. Emerging Patterns indicate that prices are still trading within the formation's support and resistance, and t
0 comments Pattern selection is often the most intimidating aspect of trading. How is one to know which pattern is most likely to follow through? With this query in mind, consider the following opportunities fro
0 comments Despite the strong downtrend that preceded the current congestion on the AUD/JPY’s 60-minute chart, near-term support may prevent follow-through as prices attempt to continue lower through 77.78 (E
0 comments The EUR/USD has been moving in a sideways direction across the 60-minute timeframe within a range indentified by Autochartist’s five-bar Initial Trend reading as a distribution cycle. This sets up
0 comments After the daily AUD/USD peaked at 0.8859, the current rally (and correction to the April-to-June downtrend) stalled, transitioning the AUD/USD into a volatile, sideways trading range. The slightly be
0 comments Thanks to continued weakness on the USD/CHF’s 240-minute chart, a Channel Down pattern has formed – one that is currently testing downtrend line resistance at 1.1139 (A). This level is likely to
0 comments The U.S. Dollar/Swiss Franc has trended lower alongside weakness in the US Dollar Basket. The USD/CHF moves lower when the Swiss Franc is able to gain on the Dollar, or the Dollar is weak. On the 240
0 comments Monday’s trading session saw the GBP/USD uptrend on the 60-minute reverse; it’s now found the Channel Up pattern’s support at 1.4736. With an Autochartist Initial Trend reading of five bars, th
0 comments The 60-minute chart of the USD/CAD has sold off through uptrend line support at 1.0266 (E). This breakdown of the intraday Pennant Completed Pattern alert shows the Canadian Dollar strengthening again
0 comments The EUR/USD rally soldiers on as the Euro continues to gain slightly on the weaker (and flattening) Dollar. The Euro’s strength remains despite pessimism regarding the currency reaching an all-time
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