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Day: July 4, 2019

18 posts
Trade of the Day: EUR/AUD

Trade of the Day: EUR/AUD

By: Dima Chernovolov EUR/AUD recently reversed up from the bottom of the 4-hour Down Channel chart pattern which was earlier identified by Autochartist. Autochartist rates the quality of this Down Channel at the 7-bar level – which is the result of the sharp Initial Trend (10 bars), below-average Uniformity (4 bars) and strong Clarity (8…
USD/JPY Target Level: 107.5200

USD/JPY Target Level: 107.5200

Descending Triangle identified at 04-Jul-2019 11:00 UTC. This pattern is still in the process of forming. Possible bearish price movement towards the support 107.5200 within the next day. Supported by Downward sloping Moving Average Chart 1 hourPattern Descending TriangleLength 104 CandlesIdentified 04-Jul-2019 11:00 UTC