Autochartist Updates

By: Dima Chernovolov
 
I recently subscribed to Autochartist’s latest e-mail feature and received this trade opportunity alert this morning. Autochartist’s latest feature provides traders with a quick morning technical outlook of the markets. 
 
EUR/CHF continues to advance inside the daily Rectangle chart pattern identified by Autochartist, which is shown on the following trade opportunity alert that I received today via Autochartist’s email subscription. The pair is expected to rise to the target level 1.2392 in 7 trading days (point B on the chart below), that lies at the opposite resistance trendline of this chart pattern. Autochartist sets the stop level for this forecast at the 1.21294 (point A), which is the last reversal point of the lower support trendline of this Rectangle. Point A formed close to the pivotal support level 1.2140 which has previously reversed the pair sharply up in the end of February (former strong resistance level which stopped a few upward impulses in 2012, acting as support now after it was broken at the start of 2013, as is shown on the second chart below).
 
 

The following weekly EUR/CHF chart shows the previous price action close to the support level 1.2140:
 
  
 
To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you're done! You will now receive a quick morning technical outlook of the...

By: Dima Chernovolov
 
I recently subscribed to Autochartist’s latest e-mail feature and received this trade opportunity alert this morning. Autochartist’s latest feature provides traders with a quick morning technical outlook of the markets. 
 
CAD/JPY recently reached the target level 95.8831 that was calculated for the breakout of the Key Resistance Level 93.566, which is shown on the following trade opportunity alert that we covered last Thursday. The breakout of this Key Level coupled with the daily close above another longer-term resistance level 94.00 propelled the pair up on the next day after I received this alert - helping it reach the target level in the first trading hours of Friday.
 
 

As you can see from the following trade opportunity alert, NZD/JPY has also recently broken up above the daily Key Resistance level 79.645 that was identified earlier by Autochartist. The pair is expected to reach the target level 82.8295 in the next 11 trading days. The stop-level for this bullish forecast is set at 77.3011. This Key Level breakout is aligned with the overriding uptrend visible on the daily NZD/JPY charts. The PowerStats analysis shown on the third chart below confirms this forecast.
 
 
 
As can be seen from the following PowerStats chart for NZD/JPY, all of the daily Expected Price Range calculated for this pair (from 81.4297 to 83.0903) stands above the aforementioned broken Key Resistance level 79.645, while the upper border of the daily Expected Price Range (83.0903) exceeds the target level 82.8295...

By: Dima Chernovolov
 
I recently subscribed to Autochartist’s latest e-mail feature and received this trade opportunity alert. Autochartist’s latest feature provides traders with a quick morning technical outlook of the markets.
 
USD/JPY continues to decline after the recent breakout of the uniform Up Channel chart pattern identified by Autochartist on the daily charts (as you can see from the following trade opportunity alert for this currency pair). USD/JPY is expected to fall further toward the target level 90.3294 in the next 5 trading days. This target level stands below the last reversal point of the lower support trendline of this chart pattern (point A on the chart below), which should be broken for the pair to reach 90.3294 .The stop level is set at 96.5815 (point B, which is the top of this chart pattern). It should be noted that this Up Channel breakout follows the previous breakout of the longer-term steep upward trendline from November of last year (as is shown on the second chart below) – which heightens the chances that the pair will fall further in the nearest time. 
 
 

The following daily USD/JPY chart displays the aforementioned technical price levels:
 
 
 
To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you're done! You will now receive a quick morning technical outlook of the markets.
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By: Dima Chernovolov
 
I recently subscribed to Autochartist’s latest e-mail feature and received these trade opportunity alerts. Autochartist’s latest feature provides traders with a quick morning technical outlook of the markets.
 
Autochartist has recently identified the 4-hour Triangle chart pattern on the USD/CHF charts, as is shown on the following trade opportunity alert for this currency pair. The pair is expected to break the lower support trendline of this Triangle and to fall to the target level 0.9353 (point A on the chart below, which is the last upward reversal point of this chart pattern) in the next 5 trading days. The stop-level for this forecast is set at 0.955405 (point B). This point formed earlier when the pair failed to break up above the combined resistance zone made out of the previous resistance high 0.9520 (which reversed the pair down in November of last year), the 50% Fibonacci Retracement of the preceding downward price impulse from July of 2012 as well as the upper weekly Bollinger Band (as is shown on the second chart below). 
 
 

The following weekly USD/CHF chart displays the resistance price levels mentioned above:
 
 
 
To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you're done! You will now receive a quick morning technical outlook of the markets.
 
 
For...